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Dhaka Friday,  May 14, 2021

Two Committee On Financing & Adjusting The Price Of LNG

EB Report

Liquefied Natural Gas (LNG) is likely to be imported in the next year. LNG is comparatively expensive yet, the government sees it as the alleviator agent of the country’s prevailing energy crisis. The government is currently concerned about the possible impact of the high cost of LNG over mass people. In this scenario, the government is decided to form two different committee-one on financing the import and another one on adjusting the price of it. A road-map will be designed upon receiving the report from those committees.

A meeting on all the related issues on LNG import held at the Prime Minister’s Office Recently. Dr.  Tawfique-e-Elahi Chaudhury the Power, Energy and Mineral Resources advisor to the Prime Minister presided over the meeting. A decision was made to form the committee on financing with 8 members including the additional secretary of power division as convener and a member of RPGCL as the member secretary of the proposed committee. The other committee on determining the price of gas has 10 members including the  additional secretary of the finance division as the convener and  a member from the from the energy division as member secretary. Both of the committee were asked to submit their report within next one month.

According to the meeting sources, 50 crore cubic feet of LNG will be imported at a daily basis from the very next year using the country’s first LNG terminal which is currently under construction at Maheshkhali, Cox’s bazaar. It is estimated that, the power plants alone will require 300 crore cubic feet of LNG in the year of 2041. To cope up with such big amount of LNG import and keeping the price of local  natural gas within an acceptable limit is a huge challenge for the government. Earlier, in a meeting held between energy division and the businessmen organizations representatives, the businessmen expressed their concern about the stability of the price of LNG and natural gas.

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