Power, Energy and Mineral Resources Adviser Muhammad Fouzul Kabir Khan has said Bangladesh is facing a severe gas crisis due to dwindling domestic gas reserves and has planned to import an increased amount of Liquefied Natural Gas (LNG). “To mitigate the persistent gas shortage, the government will import more LNG cargoes than last year. Last year, we imported 84 LNG cargoes, but this year we will bring 20 additional cargoes, taking the number to 104 to give relief to the industry and other sectors,” he said on 27 August.
He was addressing a webinar titled “4th State of Investment ClimateBangladesh”, organized by Bangladesh Investment Development Authority (Bida).
Bida Executive Chairman Chowdhury Ashik Mahmud Bin Harun moderated the program.
Acknowledging the 1,000 mmcf daily gas shortage, the energy adviser said the previous government didn’t take any initiatives to explore local gas sources.