It is 13 years to 2030 when Bangladesh’s energy sector would be 92 percent dependent on import of energy (primary fuel and electricity) in accordance with the government plan. The present government is working on a vision of transforming Bangladesh into a middle income country by 2021 and developed country by 2041. It thinks that relying on domestic primary fuel, the country cannot achieve the targets. Just a decade ago, Bangladesh was exclusively reliant on own natural gas resource.
Over the passage of time and keeping pace with the demand growth, the production increased but proven reserve progressively diminished. The deficit of gas supply kept on widening. Though the gas production has increased by 1,200 MMCFD over the last eight years of the present government, the demand almost doubled due to multi-dimensional use. Expansion of 100% gas dependent industries and investment has been completely stalled. Absence of required forecast for long term supply of fuel and pricing is acting as disincentive to the investors. Though the government is proceeding with development of specialised economic zone with pledges for required energy supply, yet it is not being clearly said how and at what price the fuel would be supplied. Especially the government is not telling anything about energy pricing in the future. The government is repeatedly changing the dateline of quality power supply as a replacement of gas supply. The government is working on plans for importing huge volume of LNG for confronting natural gas deficit. On the other hand, power import through cross border trading is also a priority of the present government. Under the circumstance, the government is going to observe the Energy Security Day on August 9, 2017.
Denne historien er fra August 01 2017-utgaven av Energy & Power.
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Denne historien er fra August 01 2017-utgaven av Energy & Power.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Govt to Buy Two Cargoes of LNG from Spot Market
The advisory committee on government purchase has approved the import of two cargoes of liquified natural gas (LNG) from the spot market.
Price of LPG 12kg Cylinder Rises by Tk 45
The price of liquefied petroleum gas has risen by nearly Tk 3 per kg in October in Bangladesh in line with rising prices on the international market.
KrisEnergy, Bangladesh Holds Session on Gas Gun
As part of the initiative of the Southeast Asian Petroleum Exploration Society (SEAPEX), KrisEnergy, Bangladesh has arranged two sessions and the third session was held recently.
Palki Motors Accepted into Accelerator Asia's Cohort 10 with $100,000 Impact Investment
Palki Motors Pte. Ltd., a purpose-driven electric vehicle manufacturer committed to transforming commercial mobility, announced its acceptance into South Asia’s largest pre-Series A accelerator, Accelerator Asia, as part of Cohort 10.
RNPP Biggest White Elephant of Former Govt: Prof Mainul
Economist Dr Mainul Islam said Rooppur Nuclear Power Plant (RNPP) is the biggest white elephant of the former government.
Explosion at Ctg Oil Tanker: Two Bodies Recovered
Two bodies were recovered from crude oil tanker \"Banglar Jyoti\" hours after a fire broke out following an explosion on the ship's bow recently.
Farzana Mamtaz New Power Secretary
The government has promoted additional secretary Farzana Mamtaz to the post of secretary.
Denmark Keen to Invest in Bangladesh's Offshore Wind Energy, Port
Denmark has expressed keen interest to invest into Bangladesh's port infrastructure and offshore wind energy as well as support to further development of the pharmaceutical sector.
Norway's Offshore Discoveries Deliver Swift Payback
E&P companies spent about NOK660 billion ($62.5 billion) exploring for oil and gas on the Norwegian Continental Shelf between 2004 and 2023, according to the Norwegian Offshore Directorate (NOD).
OPEC+ Countries Keep Plans to Boost Oil Production from Dec: Novak
OPEC+ countries are currently keeping plans to ramp up oil production from December 2024 but will monitor the market situation, Deputy Prime Minister Alexander Novak told reporters. \"No changes have been discussed thus far,\" Novak said.
