From the article:
The production capacity of Sangu... has gradually declined to around 60 million cubic feet per day in recent times from 150 mmcfd in 2006.
That's a loss of 60% in under two years! Everyone in the biz says that gas depletion is much faster than oil depletion because of the lower viscosity of gas, and here's your evidence. They've walked off the cliff in Chittagong.
This brings up more thoughts I've had recently in relation to the future food supply of Africa and South Asia. Declining gas supplies are going to deal a staggering blow to the fertilizer business, both because local gas supplies may dry up and Peak Gas causing a large escalation in gas prices. That will price fertilizer on the world market out of the reach of third world farmers, causing a certain decline in crop yields over the next 10 to 20 years.
Add to that the water crisis: www.ifpri.org/media/water_countries.htm
India and China are both sucking their fossil aquifers dry, and 95% of African agriculture is rain-fed just as climate change comes along to screw up the rainfall patterns.
All while their population is growing.
Paging Mr. Malthus, party of 0...