Titas Gas T & D Co. Ltd.

The history of the use of Natural Gas as a source of energy and feed-stock in Bangladesh dates back to early sixty’s. Haripur Gas Field, discovered in Sylhet district in the year 1955, cameinto commercial production in 1961 with the supply of gas to Natural Gas Fertilizer Factory (NGFL) at Fenchuganj by 28 miles 8” DN pipeline. The Chatak Gas Field, discovered in 1959 was brought into commercial production with commencement of gas supply to Chatak Cement Factory in 1960 by 12 miles long transmission pipeline. Titas Gas T & D Co. Ltd. (TGTDCL) was formed in November 1964 as a joint Stock Company (Under the Company’s Act 1913) of the central Government of Pakistan on the one hand and Pakistan Shell Oil Company on the other, with a view to transmitting and distributing natural gas to the Dhaka city the then provincial capital of Pakistan from the discovered gas field called “Titas” located on the bank of the River Titas, within the close vicinity of the present Brahmanbaria district of Bangladesh. The authorized capital was Taka 17.8 million only, divided into 17800 shares of Taka 10.00 each. Ninety percent of the shares were subscribed by the then central Government of Pakistan and remaining ten percent by the Shell Oil Company.