energy-security

The government has said it was forced to raise the prices of four types of fuel due to an abnormal increase in fuel import costs caused by global factors. It also cited the need to reduce pressure on foreign exchange and lower the risk of fuel smuggling through the border. Experts have also said the government had no alternative to raising prices due to extreme volatility in the global fuel sector. However, they said the increase could have been kept lower through some measures. Alternati...

Bangladesh has unveiled plans to expand its LNG supply infrastructure to ensure energy security amid volatility in the global energy market and supply disruptions. As part of the plan, the country aims to commission another floating LNG terminal (FSRU) in Maheshkhali with a capacity of 600 million cubic feet per day (MMCFD) by 2028 and a land-based terminal in Matarbari with a capacity of 1,000 MMCFD by 2030. State Minister for Power, Energy and Mineral Resources Anindya Islam Amit disclo...