In this issue

Bangladesh is grappling with a serious energy supply crisis, a challenge highlighted by the World Economic Forum (WEF) just as the new government takes shape. Despite disagreements from government officials, the energy crisis has worsened over the past two years, with numerous deadlines proving ineffective in addressing the issue. The recent dollar crisis has added to the predicament, making it difficult to import essential primary fuel in this predominantly gas-dependent country. Local business owners are feeling the impact, reporting a significant drop in industrial production (ranging from 30-70%) due to shortages in power and energy supply. Recent reports reveal that gas supply shortages have hit a 50-year peak, with the current supply (from local production and imported LNG) at 2,500 MMCFD, falling short of the peak demand of 3,800 MMCFD. The crisis is further compounded by outstanding bills in state-owned enterprises, totaling US$5.0 billion. In addition, Bangladesh faces the daunting task of securing an extra US$13 billion annually to import crucial petroleum products, LNG, and coal, exacerbated by global incidents like the Russia-Ukraine war and the lingering effects of the COVID pandemic. The government acknowledges the funding challenges for ensuring a smooth primary fuel supply, and efforts to address the power generation deficit hinge on the stability of the global fuel market.

Long-term strategies, such as the establishment of a Land-Based LNG Terminal, offer hope for relief, but benefits are not expected until around 2030, signaling a prolonged energy crisis for Bangladesh.

Energy & Power Magazine Description:

Energy & Power (EP) is the first and only full-fledged fortnightly magazine that deals with the much cried over energy and power sector in Bangladesh. Since its inception in June 16, 2003, EP is working very hard to 
a) Develop public consciousness on sustainable and even development of energy sector; 
b) Assist the policy makers in assuming pragmatic policies for a balanced development of the energy sector; 
c) Continuous supply of information among public; and 
d) Develop a group of reporters in this field 

Bangladesh is an energy deficit country like other countries in the region and most of the people do not have adequate access to the energy and power. The country is completely dependent on fossil energy source; at the same time, it is one of the most inefficient energy using countries in the world. 
It lacks efficiency in planning, management, generation, distribution, load management and even at the end user level consumption. 
In spite of the above drawbacks, issues relating to utilization of renewable energy, exploring alternative use of energy, planned use of environment friendly energy are significantly undermined in Bangladesh. 
The biggest challenge of Bangladesh is to find a path for balanced growth of its energy sector. Despite its resource constraints, EP dynamically strives to provide theenergy sector with a flow of information and create public awareness; so that policymakers get guidelines and platforms for its sustainable development.

Code of Ethics 
EP believes that public enlightenment is the forerunner of justice and the foundation of democracy. The duty of a journalist is to further those ends by seeking truth and providing a fair and comprehensive account of events and issues and professional integrity is the cornerstone of a journalist's credibility. We strive to serve the public with thoroughness and honesty.

The EP editorial policy is to share a dedication to ethical behavior and uphold the zero conflict of interest principles and highest standards of practice. 

EP believes in 
o Seeking truth and reporting the same 
o Minimize harm