Gas Reserves Not Increased, but Nearly Tk 18,000 Crore from Gas Development Fund Depleted Funds meant for gas exploration spent largely on imports instead

Nearly 15 years ago, the Gas Development Fund (GDF) was established to boost domestic gas reserves. Funded by consumers—who contribute a fixed amount per cubic meter of gas they use—the GDF was designed to finance new well exploration, well rehabilitation, and overall sector development. However, none of these core objectives have been properly fulfilled.