History of TGTDCL
The discovery of a huge gas field on the bank of the Titas River in Bhramanbaria in 1962 created a new horizon for the utilization of natural gas. The company began its commercial operation with the commissioning of gas supply to Siddhirganj Thermal Power Station on April 28, 1968 after construction of 14 inch dia 58 mile long Titas-Demra gas pipeline by the then East Pakistan Industrial Development Corporation. In october 1968, first domestic natural gas connection was provided to the residence of renowned litterateur Shawkat Osman. As a progressive national organization, it has earned the glory of being a trustworthy one for the people by means of the quality of service delivery. This has been possible because of the relentless and cordial endeavours of its officials and employees.
Titas Gas is playing a significant role to strengthen the socio-economic condition of a developing country like Bangladesh, even pioneering in saving foreign currency by ensuring expected use of natural gas. As a leader among gas distribution companies, contribution of Titas Gas to the Bangladesh Economy is as evident as its eternal flame to the total economy of the country. Titas Gas has fulfilled 50 years of its operation on 19 November, 2014. With the Passage of time, it has been continuing its activities with the distinct mission of bringing about welfare to the nation for long fifty years. Supplying natural gas, the principal and environment-friendly fuel of Bangladesh, to the door steps of the customers Titas Gas will march ahead beyond 50 years of its journey with the vision of further growth of Bangladesh.
At the beginning 90% of its shares belonged to the then Pakistan Government and Pakistan Shell Oil Company owned the rest. Under the Nationalization Order of 1972, all the Government owned shares of the company were vested in the Government of Bangladesh (GOB). In accordance with an agreement signed between Shell Oil Company and GOB on August 9, 1975, the ownership of the remains 10% shares was transferred to the GOB through Petrobangla in exchange for a lump-sum payment of ￡1,00,000. After the independence of Bangladesh in 1971, the company started its journey as a company of Petrobangla with the authorized and paid up capital of Tk.1.78 crore. At present, the authorized and the paid up capital of the company are Tk. 2,000.00 and Tk. 989.22 crore respectively.
Main objective of the company is to supply natural gas to customers of different categories under Titas Franchise Area, thereby reducing dependency on imported liquid fuel. Towards this end, the company has to construct, operate and maintain pipelines, stations and associated facilities. Currently the company distributes gas in the districts of Dhaka, Narayanganj, Narsingdi, Munshiganj, Manikganj, Gazipur, Tangail, Mymensingh, Jamalpur, Sherpur, Netrokona, and Kishoreganj.