Business Standard

Global gas crunch leaves Bangladesh facing blackouts until 2026

Bangladesh is seeking support from creditors, including the International Monetary Fund

Photo: Shutterstock
Premium

With few alternatives, rolling power cuts are likely to put a drag on economic growth in the next few years, according to traders

Bloomberg
Bangladesh faces another three years of rolling power cuts as the developing nation struggles to secure long-term supplies of natural gas and is priced out of spot markets. 

The South Asian country stopped purchasing spot liquefied natural gas (LNG) cargoes in June because of volatile prices, and is considering sourcing more long-term supplies, Nasrul Hamid, the state minister for power, energy and mineral resources, said in an interview. However, producers including Qatar have indicated that they will only sell more contracted volumes from 2026, he said. 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 02 2022 | 12:59 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com