State Minister for Power, Energy and Mineral Resources Nasrul Hamid today said the share of clean and green energy has been increasing gradually for ensuring sustainable fuel mix in the country.
“Renewable energy will also play an important role in this energy mix,” he said at the virtual signing ceremony of Memorandum of Understanding (MoU) with Malaysia for LNG supply to Bangladesh.
Nasrul Hamid said that according to the power system master plan, Bangladesh will require 3,150 mmcfd of gas per day for power generation in 2041.
“But the reserve of natural gas is declining. Exploration activities will be strengthened and import of liquefied natural gas will also be given importance,” he added.
The state minister said currently two FSRU have been working, while a land-based LNG terminal is under construction, adding, “Behind the scene, power and energy is the main component for building a prosperous Bangladesh. So, the government has given priority to energy security.”
He said Bangladesh has 20 bilateral/MoU/protocol agreements including overseas workers, tourism, trade and investment, science and technology, drug control and human trafficking with friendly country Malaysia.
“Today’s agreement on energy cooperation will add a new dimension,” Nasrul Hamid added.
The MoU was signed between Power, Energy and Mineral Resources Ministry of Bangladesh and Economic Planning Unit, Malaysian Prime Minister’s Department on cooperation for LNG supply.
Bangladesh State Minister for Power, Energy and Mineral Resources Nasrul Hamid and Mustapa Mohamed, Minister in the Prime Minister’s Department (Economy) Economic Planning Unit signed the MoU on behalf of their respective sides.
In virtual ceremony, among others, Bangladesh High Commissioner to Kuala Lumpur Md Golam Sarwar and Malaysian High Commissioner to Dhaka Puan Haznah Md Hashim delivered their speeches.