Affordability, availability major challenges in energy security: Experts | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
May 30, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, MAY 30, 2025
Affordability, availability major challenges in energy security: Experts

Economy

TBS Report
08 August, 2021, 09:35 pm
Last modified: 08 August, 2021, 10:56 pm

Related News

  • In Japan, energy security fears put nuclear back in favour for 2040 plan
  • Sustainable, realistic plan must to ensure energy security: Nasrul
  • Affordable medicines in Bangladesh in post TRIPS regime
  • Biz leaders want crisis management, energy security for survival
  • Energy security is the global priority for 2023

Affordability, availability major challenges in energy security: Experts

Apart from gas, the country is wholly dependent on import for its fuel oil

TBS Report
08 August, 2021, 09:35 pm
Last modified: 08 August, 2021, 10:56 pm
Affordability, availability major challenges in energy security: Experts

Affordability and availability of energy have become the major challenges in ensuring energy security and they are getting tougher as the country is becoming import dependent for its primary energy (oil, gas and coal) in absence of local exploration, said experts at a virtual discussion on Sunday.

Father of the Nation Bangabandhu Sheikh Mujibur Rahman dreamed of ensuring the country's energy security by procuring five gas fields from "Shell Oil" at a nominal price on 9 August 1975.

Currently, Bangladesh imports 800 mmcf/d (million cubic feet per day) Liquefied Natural Gas (LNG) which is one fourth of its total 3200 mmcf/d gas consumption, but three years back, the local gas fields met the country's daily gas demand, said speakers at the discussion titled "Bangabandhu's Energy Strategies and Our Energy Security," organised by the fortnightly magazine Energy & Power.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Apart from gas, the country is wholly dependent on imports for its fuel oil and recently it has started importing coal to generate electricity, said the experts at the discussion. 

They said due to the import cost, gas, electricity and a number of finished products are getting expensive.

Dr Ahsan H Mansur, executive director of Policy Research Institute of Bangladesh, said, "Our primary focus should be on ways of solving these problems."  

Mohammad Hossain, director general at Power Cell of Ministry of Power Energy and Mineral Resources, said, "Our energy security is under threat. This threat is getting more challenging as we are gradually becoming an import dependent country."

"Affordability is also under challenge as the primary energy is imported," he added.

Nasrul Hamid, state minister for Power, Energy and Mineral Resources, said, "Affordable and uninterrupted energy supply won't be possible without formulating a proper gas management system that includes a smart and tech-enabled system."

Nasrul Hamid said such a management system should have been in place 20 years ago, but it did not happen.

"For that, we need proper teamwork and knowledgeable manpower," he said.

Talking about gas exploration from the local fields, Nasrul Hamid said, "From exploration we can get only 200-300 mmcf gas per day, but that is not enough. We need thousands of mmcf of gas per day. If I don't go for imports, how will our economy be operational?" 

On the other hand, Maqbul-E-Elahi Chowdhury, member (Gas) at Bangladesh Energy Regulatory Commission, emphasised on gas exploration.

He said, "Whatever progress we see in the country's industrial sector, it was possible because of the affordable and available energy. But gas exploration in the local fields has been neglected in the last few years, though the consumers themselves are paying money with their gas bill for the exploration."

He suggested the government open its resource data to make the foreign companies interested in exploration.

Khondkar Abdus Saleque, contributing Editor of Energy & Power, presented the keynote paper, and Mollah Amzad Hossain, editor of the magazine, moderated the programme.

Among others, former professor of the Bangladesh University of Engineering and Technology Dr Nurul Islam and expatriate Professor Dr Firoz Alam spoke at the programme.

Top News

energy security / affordability

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Chief Adviser Muhammad Yunus meets Japanese Prime Minister Ishiba Shigeru in Japan on 30 May 2025. Photo: CA Office
    Bangladesh, Japan to sign Economic Partnership Agreement by year-end
  • File photo of BNP BNP Standing Committee Member Amir Khasru Mahmud Chowdhury
    Speaking about country’s issues in foreign trips won’t solve them: Khasru takes jibe at Yunus
  • Representational image. Photo: Collected
    'Heavy to very heavy' rainfall expected across country as land depression weakens further

MOST VIEWED

  • Photo: Courtesy
    New notes featuring historic, archaeological structures of Bangladesh to be circulated from 1 June
  • Two Memoranda of Understanding were signed at the seminar titled “Bangladesh Seminar on Human Resources,” in Tokyo on 29 May 2025. Photo: CA Press Wing
    Japan to recruit 100,000 Bangladeshi workers over next 5 years
  • BAT Bangladesh has to vacate Mohakhali HQ as SC rejects lease appeal
    BAT Bangladesh has to vacate Mohakhali HQ as SC rejects lease appeal
  • Representational Photo: Collected
    Country's all jewellery shops to remain indefinitely closed in protest of VP Reponul's arrest: Bajus
  • Khondoker Rashed Maqsood. File Photo: Collected
    Investors urge removal of BSEC chairman in meeting with CA’s special assistant, submit list of demands
  • Illustration: TBS
    Bangladesh repays $3.5b foreign debt in 10 months of FY25

Related News

  • In Japan, energy security fears put nuclear back in favour for 2040 plan
  • Sustainable, realistic plan must to ensure energy security: Nasrul
  • Affordable medicines in Bangladesh in post TRIPS regime
  • Biz leaders want crisis management, energy security for survival
  • Energy security is the global priority for 2023

Features

Babar Ali, Ikramul Hasan Shakil, and Wasfia Nazreen are leading a bold resurgence in Bangladeshi mountaineering, scaling eight-thousanders like Everest, Annapurna I, and K2. Photos: Collected

Back to 8000 metres: How Bangladesh’s mountaineers emerged from a decade-long pause

4h | Panorama
Photos: Courtesy

Behind the looks: Bangladeshi designers shaping celebrity fashion

6h | Mode
Photo collage of the sailors and their catch. Photos: Shahid Sarkar

Between sky and sea: The thrilling life afloat on a fishing ship

11h | Features
For hundreds of small fishermen living near this delicate area, sustainable fishing is a necessity for their survival. Photo: Syed Zakir Hossain

World Ocean Day: Bangladesh’s ‘Silent Island’ provides a fisheries model for the future

1d | The Big Picture

More Videos from TBS

Six Lakh Sacrificial Animals Ready in Sirajganj for Eid-ul-Adha

Six Lakh Sacrificial Animals Ready in Sirajganj for Eid-ul-Adha

1h | TBS Stories
Six MoUs signed during Chief Advisor's visit to Japan

Six MoUs signed during Chief Advisor's visit to Japan

5h | TBS Today
Record migrant deaths in 2024

Record migrant deaths in 2024

1d | Podcast
Govt likely to trim subsidies in new budget

Govt likely to trim subsidies in new budget

8h | TBS Insight
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net