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Energy & Power Magazine - EP_21_16 (Energy & Power Vol 21 Issue 16 Feb 1, 2024)

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In this issue

The gas crisis in Bangladesh has emerged as a pressing concern, further intensifying the hardships faced by the population amid soaring prices of essential commodities. An export-oriented industry group has called for a rollback of gas prices to previous levels, emphasizing the need for the government to ensure a consistent and uninterrupted gas supply. State Minister Nasrul Hamid, in a media conference, expressed optimism about meeting the projected gas demand of 6000 MMCFD in 2026. Despite government initiatives to address the gas crisis by 2026, energy sector officials and experts are skeptical about meeting the entire demand, even with increased production and ongoing LNG import initiatives. However, a review of current LNG infrastructure development and gas production initiatives suggests that the supply may not exceed 4000-4500 MMCFD, leading to a potential gas deficit. Moreover, the provision of required dollars for coal, LNG, and liquid fuel imports poses a significant hurdle, and the gas supply crisis could worsen if timely dollar supply is not ensured. While there might be a marginal increase in gas supply to industries from April 2024 if Petrobangla's existing plans succeed, the chronic gas crisis would remain unresolved, casting a shadow on the prospects of a gas-based economy in Bangladesh. A considerable reduction in the use of natural gas for power generation and an accelerated diversification of alternative energy sources may help bring some comfort.

Energy & Power Magazine Description:

Publisher: Energy-&-Power

Category: Business

Language: English

Frequency: Fortnightly

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