Bangladesh

Bangladesh’s energy regulator has raised the gas tariff for new industries and captive power plants, in spite of pushback from businesses and rights groups.

As the Asian Development Bank’s annual meeting unfolds this week in Milan, there are calls for the bank to stop financing fossil fuels in Bangladesh.

There are renewed calls for Bangladesh to pivot away from over-reliance on fossil fuel imports, which would mean more — at times, challenging — clean energy finance.

State-run Petrobangla sent letters to all the concerned companies in India and Bangladesh over the cancelled negotiations.

Bangladesh’s interim government has already scrapped several Petrobangla LNG deals, sources told Gas Outlook.

Bangladesh’s over-reliance on fossil fuel imports will escalate further if dozens of renewable project PPAs are not signed quickly with the BPDB, sources say.

Major changes made by Bangladesh’s new interim government have put at risk several multi-billion dollar energy deals and projects that were in the pipeline.

Since late May when Cyclone Remal hit, some of Bangladesh’s key LNG facilities have been out of operation.

India is set to become the first country in the world to export LNG in re-gasified form through cross-country pipelines as GAIL and H-Energy close in on Bangladesh supply deals.

Bangladesh recently generated its record highest volume of electricity and re-gasified maximum LNG to meet sweltering temperature demands during heatwaves.