Published:  12:50 AM, 14 September 2017

No gas crisis from next year: Tawfiq

The county will not face any gas crisis from next year as the supply of gas is going to increase by 37 percent following gas import, hops Tawfiq-e-Elahi Chowdhury Energy Affairs Adviser to Prime Minister.

Referring to gas price hike, he said about 50 crore cubic feet (cft) of liquefied natural gas (LNG) will be imported everyday from the beginning of next year and by mid of 2018 an additional 50 crore cft will be added to the national grid. Prime minister's Energy Affairs Adviser made the remarks while speaking at a meeting of Metropolitan Chamber of Commerce and Industry (MCCI) at Motijheel in the city yesterday.

MCCI president Nihad Kabir presided over the meeting. Among others, former president of MCCI Laila Rahman Kabir, Tapan Chowdhury, Syed Nasim Monjur, chairman of Association of Bankers Bangladesh Anis A Khan, former president of Employers Federation Kamran T Rahman, former president of Dhaka Chamber of Commerce and Industry Asif Ibrahim were also present in the program.

Replying to the urge of the business leaders for forecast of the gas price, Chowdhury assured that necessary steps will be taken to keep the price of LNG stable and within the purchasing power. Tawfiq-e-Elahi Chowdhury said about $30 billion will be invested in the power and energy sector in the next 5 to 6 years.

MCCI president Nihad Kabir said depletion of gas reserves is one of the biggest hurdles that the businesspeople are currently facing. Bangladesh is planning to use LNG in vast quantities over the next decades but it is costly and will lead to some price shock.

He also said the supply situation of the country has improved manifold during the last few years. The countrywide electricity generation capacity now stands at 15,379 MW while it was only 3,268 MW in 2009.

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