Energy & Power - July 01, 2023Add to Favorites

Energy & Power - July 01, 2023Add to Favorites

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The ongoing gas and electricity supply crisis in Bangladesh, caused by a shortage of US dollars, has raised concerns about a potential crisis in the supply of liquefied petroleum gas (LPG). Experts and industry insiders have pointed out that the required dollars for LPG imports are currently not available enough, exacerbating the already dire fuel supply condition in the country. The use of LPG has been increasing in the country over the past two decades. The lack of available US dollars for LPG imports poses a significant challenge to the industry. The devaluation of the Bangladeshi taka against the US dollar and issues with dollar availability have created further challenges for LPG imports in the past year. The failure to release dollars for opening letters of credit (LCs) to import LPG has resulted in decreased imports in May this year. The operators projected a further decline in imports in June. They apprehended that the domestic supply situation may turn even more severe from July unless enough dollars cannot be made available for LPG imports.

To address the LPG supply crisis, experts suggest allocating special funds and dollars for smooth imports, treating LPG as a priority product, and considering the dollar-taka exchange rate when determining prices. An independent review of the supply situation for all imported fuels is also recommended to ensure a sustainable supply of LPG and avoid a potential supply crisis.

Energy & Power Magazine Description:

الناشرEnergy & Power

فئةBusiness

لغةEnglish

تكرارFortnightly

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 

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