When something goes wrong, our smart politicians blame either fate or external shocks, especially in the energy sector. The government’s justification behind increasing electricity prices is an example of “smart blaming.”
When something goes wrong, our smart politicians blame either fate or external shocks, especially in the energy sector. The government’s justification behind increasing electricity prices is an example of “smart blaming.”
Japan’s largest liquefied natural gas buyers have surplus problems, prompting them to expand business to South and Southeast Asian countries, including Bangladesh, according to a report released by IEEFA.
Bangladesh’s economic crisis is set to take on a new dimension this year with the country introducing its first-ever power plants that will exclusively operate on imported liquefied natural gas.
The result is obvious for Bangladesh’s energy sector – getting locked in expensive fossil fuels for a long time while renewable energy becomes even more viable and cheaper.
Experts are worried that the recent decision by the US to halt LNG plans could have long-term implications for our country.
Despite the prevailing dollar crisis in the country, the government has taken initiative for more deals to import liquefied natural gas (LNG).
Japan’s efforts to achieve a carbon-neutral hydrogen society may increase emissions due to its fossil fuel-dependent supply chains.
The United States (U.S.) decision to pause permits for new liquefied natural gas (LNG) export facilities does not threaten Asia’s energy security or decarbonization goals.
The need for a new energy order is essential in light of the heavy financial losses of the Bangladesh Power Development Board (BPDB) in the fiscal year (FY) 2022-23.
Currently, fuel shortage has become a major risk for the Bangladesh economy with the fuel supply crunch disrupting production in the country’s industries.
As one of the most climate vulnerable countries in the worldand is now hit the hardest by a severe energy crisis, rising gas and electricity prices Bangladesh must shift away from harmful fossil fuel/LNG dependence towards gaining energy security by increasing investment in renewable energy, and that’s something Bangladesh needs to start right now.
