Gas Prices
U.S. gas prices have crashed as a result of an unusually warm winter. Government data expects conditions of oversupply to continue through next year.
Last year the Bangladeshi government already raised gas tariffs for power plants by 178.88% cent to Tk 14 per cubic meter.
A forecast by the EIA shows U.S. LNG exports rising in the years to come. The more gas that is exported, the higher domestic prices rise.
A 75 percent decline in natural gas prices since last year’s peak has the U.S. drilling industry bracing for a slowdown.
High inflation and ‘abnormal’ hikes in gas prices in Bangladesh could lead to worker unrest in the garment industry, and greater energy poverty, experts say.
EU energy ministers have been wrestling for months over the idea of capping gas prices.
Europe is facing a 27 billion cubic meter natural gas shortage in the winter of 2023-2024, the International Energy Agency warned on Monday.