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Petrobangla is currently bearing a huge financial burden due to supplying gas to the end-users at much lower than its purchase prices. Amid a gas supply shortage, a recent government approval to purchase a cargo of LNG from the spot market explains well about the increased financial pressure. Petrobangla will have to spend BDT 909 crore to import the cargo, but the amount of regasified LNG to be supplied to the national grid would earn only BDT 40 crore. To offset the losses to some extent, Petrobangla has requested the Bangladesh Energy Regulatory Commission (BERC) to increase the gas price. BERC has also conducted a public hearing on the proposal, but has yet to take a decision. The businesses urged the government not to increase the gas price and power tariff at this moment. The government has, however, taken different initiatives to increase gas supply through LNG imports and intensifying exploration activities. But energy sector experts claim that LNG import would not be required now if only 50% system loss or in other words thefts, pilferage and losses can be reduced. They also pointed out that exploration activities remain at a preliminary stage.

The country should conduct a desperate exploration campaign in the onshore and offshore areas, keeping aside a substantial amount of funds for this purpose. The government should also check the system loss immediately while trying to limit LNG imports as best as possible.

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