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Economy

Over-pumping worries fuel Bangladesh bid for Chevron fields

Drivers frequently have to wait in long lines at compressed natural gas filling stations in Bangladesh because of tight supplies. (Photo by Omar Faruk)

DHAKA -- The Bangladeshi government has expressed interest in buying Chevron's assets in the country, a few days after the second largest energy company in the U.S. confirmed it was planning to sell its assets there.

Chevron confirmed that it is in "commercial discussions" about its interests in Bangladesh, which is suffering from a gas shortage blamed by some local experts on over-production by international energy companies. "At this stage, no decision has been made to sell our interests. We will only proceed if we can realize attractive value," Chevron said.

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