![Energy Insecurity Deepens Amid Gas Shortage](https://cdn.magzter.com/1340186903/1720191484/articles/eqYY-v_1L1721984826111/ENERGY-INSECURITY-DEEPENS-AMID-GAS-SHORTAGE.jpg)
During this high summer towns and villages outside Dhaka are suffering from 8-10 hours of power load-shedding, only two of the six urea fertilizer factories are in operation, and gas supply to CNG is severely affected. Gas-using industries are suffering from a poor supply of gas. Petrobangla managed to supply only 2,610.90 MMCFD against its capacity of 3,829.00 MMCFD over 24 hours on June 29-30, 2024.
Production from our gas fields continues to deplete with no possibility of a major addition in the foreseeable future. One of the two FSRUs anchored on the shore of Moheshkhali is away in Singapore for repair after being damaged by a naval vessel during the cyclone on June 3. When the FSRU of Summit Energy returns after repair, the supply will increase to 3,150-3,200 MMCFD.
The peak demand for gas during high summer reaches 4,200-4,500 MMCFD. There is no possibility of an increase in RLNG supply before the mid to end 2026. The third FSRU of Summit may come into operation and additional RLNG may be available from Qatar, Oman, Summit, and Excelerate Energy. By then gas supply from own fields may further deplete.
The government may not have enough foreign exchange for purchasing LNG. The natural gas-based Bangladesh economy may continue to struggle. Some observers are suggesting considering natural gas and LNG as preferred interim fuels for the energy transition. Sustainable energy security in Bangladesh has run into deep uncertainty. FSRUs cannot operate on a 24/365 basis for the turbulent Bay of Bengal during monsoon.
The crisis now has deepened from an FSRU meeting unforeseen incident. The situation has been created from a lack of perspective plan and negligence in the exploration and development of its petroleum resources. Petrobangla and EMRD have also failed to start the construction of a land-based LNG terminal at Matarbari. The present actions of exploration and LNG supply increase may not bring major success before 2030.
This story is from the EP_22_02 (Energy & Power Vol 22 Issue 02 July 1, 2024) edition of Energy & Power.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the EP_22_02 (Energy & Power Vol 22 Issue 02 July 1, 2024) edition of Energy & Power.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
![Four Die from Electrocution Amid Waterlogging in Dhaka](https://reseuro.magzter.com/100x125/articles/924/1800900/IRWSee_Go1723808292836/FOUR-DIE-FROM-ELECTROCUTION-AMID-WATERLOGGING-IN-DHAKA.jpg)
Four Die from Electrocution Amid Waterlogging in Dhaka
Four people died due to electrocution amid heavy rains in different areas of Dhaka recently.
![LPG Sales Witnessing Boom During Unrest](https://reseuro.magzter.com/100x125/articles/924/1800900/v6bmKBF1r1723808222108/LPG-SALES-WITNESSING-BOOM-DURING-UNREST.jpg)
LPG Sales Witnessing Boom During Unrest
Sales of LPG (liquefied petroleum gas) witnessed a boom against the backdrop of the prolonged unrest affecting the country, taking advantage of the fact that prepaid and smart prepaid gas consumers are facing obstacles to recharging their balances.
![BPC's Fuel Oil Supply Disrupted Amid Shutdown, Curfew](https://reseuro.magzter.com/100x125/articles/924/1800900/tT5v4_kh71723808056486/BPCS-FUEL-OIL-SUPPLY-DISRUPTED-AMID-SHUTDOWN-CURFEW.jpg)
BPC's Fuel Oil Supply Disrupted Amid Shutdown, Curfew
The supply of fuel oil has been severely disrupted across the country since Thursday due to complete shutdown enforced by protesting students of quota reform movement and subsequent unrest and curfew.
![Tanker Carrying 1.4m Liters of Oil Capsizes in Manila Bay](https://reseuro.magzter.com/100x125/articles/924/1800900/bEKnWuZtO1723808010813/TANKER-CARRYING-14M-LITERS-OF-OIL-CAPSIZES-IN-MANILA-BAY.jpg)
Tanker Carrying 1.4m Liters of Oil Capsizes in Manila Bay
A Philippine-flagged tanker carrying 1.4 million liters of industrial fuel oil capsized and sank off Manila recently, authorities said, as they sought to contain a spill stretching several kilometers.
![Smartcard Holders Among Prepaid Consumers Face Trouble Recharging](https://reseuro.magzter.com/100x125/articles/924/1800900/QF2VqUXiw1723807950406/SMARTCARD-HOLDERS-AMONG-PREPAID-CONSUMERS-FACE-TROUBLE-RECHARGING.jpg)
Smartcard Holders Among Prepaid Consumers Face Trouble Recharging
The smart card-holding prepaid consumers faced trouble in making payments to buy electricity due to lack of mobile internet service which was shut down amid students’ job quota reform movement.
![Nepal, India, Bangladesh to Sign Tripartite Power Trading Deal on July 28](https://reseuro.magzter.com/100x125/articles/924/1800900/Iyjx2QY7s1723807901918/NEPAL-INDIA-BANGLADESH-TO-SIGN-TRIPARTITE-POWER-TRADING-DEAL-ON-JULY-28.jpg)
Nepal, India, Bangladesh to Sign Tripartite Power Trading Deal on July 28
Ground has been cleared for the three countries to sign the agreement on exporting electricity to Bangladesh, said Chandan Kumar Ghosh, spokesperson at Nepal Electricity Authority (NEA) the government-owned electricity body.
![Global Coal Demand Set to Remain Broadly Flat Through 2025](https://reseuro.magzter.com/100x125/articles/924/1800900/l0mQknRs91723807853662/GLOBAL-COAL-DEMAND-SET-TO-REMAIN-BROADLY-FLAT-THROUGH-2025.jpg)
Global Coal Demand Set to Remain Broadly Flat Through 2025
Global coal demand is set to remain broadly un changed in both 2024 and 2025 as surging electricity demand in some major economies offsets the impacts of a gradual recovery in hydropower and the rapid expansion of solar and wind, according to the IEA’s latest update on coal market trends worldwide.
![Energy Security Possible Thru RE Integration](https://reseuro.magzter.com/100x125/articles/924/1800900/VROHH4bUA1723807745119/ENERGY-SECURITY-POSSIBLE-THRU-RE-INTEGRATION.jpg)
Energy Security Possible Thru RE Integration
The country can strengthen energy security by integrating renewable energy sources and enhancing grid stability.
![Indonesia to Build Solar Power Plant in Matarbari](https://reseuro.magzter.com/100x125/articles/924/1800900/GbEOnIbdD1723807686143/INDONESIA-TO-BUILD-SOLAR-POWER-PLANT-IN-MATARBARI.jpg)
Indonesia to Build Solar Power Plant in Matarbari
Indonesia will build a solar power plant in Matarbari of Cox's Bazar in a joint-venture project which will generate 500MW of electricity adding it to the national grid.
![China Building More Wind, Solar Capacity Than Rest of World Combined: Report](https://reseuro.magzter.com/100x125/articles/924/1800900/3hm48w5E21723807618127/CHINA-BUILDING-MORE-WIND-SOLAR-CAPACITY-THAN-REST-OF-WORLD-COMBINED-REPORT.jpg)
China Building More Wind, Solar Capacity Than Rest of World Combined: Report
China is building almost twice as much wind and solar energy capacity as every other country combined, research published recently showed.