Titas Gas

Titas Gas Transmission and Distribution Company Limited was established on 20 November 1964 following the discovery of gas in Titas in 1962. On 28 April 1968, commercial activities started with the supply of gas to Siddhirganj Thermal Power Station through the Titas-Demra gas pipeline. The pipeline was constructed by East Pakistan Industrial Development Corporation.

With the discovery of a huge gas field on the banks of the river Titas at Brahmanbaria in 1962, a new horizon in the use of natural gas began in Bangladesh. After the construction of the 14-diameter 56-mile-long Titas-Demra transmission pipeline by the then government-owned Industrial Development Corporation, the company commenced commercial activities on 27 April 1986 by supplying gas to the Siddhirganj Thermal Power Station. In October 1986, the first residential gas connection was provided. As a progressive national organization, Titas Gas has earned the pride of being trusted by the people through its services. This glorious success has been possible due to the relentless work and sincere efforts of the officers and employees of all levels of this organization.

Titas Gas has been playing an important role in strengthening the socio-economic status of a developing country like Bangladesh. It has even been playing a leading role in saving foreign exchange by ensuring the desired use of natural gas. Titas Gas's contribution to the country's overall economy as a pioneer of gas distribution companies is as radiant as its inextinguishable flame. November 19, 2014 marks the 50th anniversary of the Titas Gas Company. Titas Gas has been conducting its activities for the last 50 years with a specific goal of achieving the overall welfare of the country and the nation. Titas Gas will move forward beyond 50 years with the goal of future prosperity and progress of Bangladesh by delivering natural and environmentally friendly fuels of natural gas to the doorsteps of the consumers.

From the beginning of the formation of the company, 90% of the shares were owned by the then government and 10% of the shares were owned by Shale Oil Company. Under the Nationalization Order of 1972, the ownership of the said amount of shares was vested in the Government of Bangladesh by all the state-owned companies. The remaining 10% shares were transferred to state ownership through Petrobangla on 9 August 1985 in exchange for a payment of 1.00 (one lakh) pounds sterling as per the agreement of the Government of Bangladesh with Shale Oil Company. After gaining independence in 1981, the company was initially transformed into a public limited company with an authorized and paid up capital of Tk 1.6 crore and was placed under the state-owned company Petrobangla. At present the authorized and paid up capital of the company is Rs.2,000.00 crore and Rs.989.22 crore respectively.

The main objective of the company is to distribute natural gas among different categories of customers located in the Titas affiliated area. For this purpose, the company is responsible for the construction, operation and maintenance of pipelines and other ancillary gas installations for gas transportation and distribution. Titas Gas is currently in charge of supplying gas to Dhaka, Narayanganj, Munshiganj, Manikganj, Gazipur, Tangail, Mymensingh, Jamalpur, Sherpur, Narsingdi, Netrokona and Kishoreganj districts.[4] On 9 June 2008, the company was listed on the Dhaka Stock Exchange and on 19 June 2008 it was listed on the Chittagong Stock Exchange.[5]