ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more