Chevron Bangladesh has renegaded on a decision taken five months ago to quit the country and now wants to continue its operations in three gas fields, sources from Bangladesh Oil and Gas Corporation (Petrobangla) have said. However, both Chevron and Petrobangla are yet to make any official announcements regarding the former’s plans to continue operations under new terms. “The Chevron official only came to meet and discuss some issues,” Petrobangla Chairman Faizullah told the Dhaka Tribune. “The Bangladesh government never wanted Chevron to close their operations and leave,” another Petrobangla director said. Sources said Chevron also wants to sell gas to Petrobangla under the PSC at $3 per Mcf (1,000 cubic feet), instead of the current $2.76 rate.

Source: Dhaka Tribune October 18, 2017 14:15 UTC