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Paschimanchal Gas Company Limited
To use Bangladesh’s natural gas resources for
industrial and commercial purpose, Pashchimanchal Gas Company Limited was
established in 1999 with authorized and paid up capital of Tk. 150.00
Crore. The objects for which the company is established are to make
economic use of the natural gas available from the gas fields at Eastern
Zone of Bangladesh or such other gas fields as may be decided upon by the
Government/Petrobanla from time to time within the franchise area of the
Company comprising the administrative division of Rajshahi or any such area
as may be decided upon by the Government/Petrobangla and for that purpose
to construct, manufacture, own, operate, equip, improve, develop, control,
lay, buy, lease, sell and maintain natural gas wells, well head
facilities, processing units, pipelines tanks and other storage facilities,
to carry on in all their respective branches all or any of the businesses
of extracting producing, processing, buying, storing, transporting,
transmitting, distributing, supplying, marketing, and selling natural gas
whether as such or in a compressed state for lighting, heating motive power
generation of electricity and for use as a feed-stock raw material or for
the production or manufacture of petrochemicals or any other purpose
whatsoever in Bangladesh and so far as may be conducive to the said object.
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