Industries in Bangladesh should not hope of the current scenario changing anytime soon as there’s little chance of any drastic improvement in the current acute gas crisis plaguing the country.
Media reports maintained this while adding the concerned officials have held responsible the huge gap between the supply and demand of gas for the current crisis, while adding the situation started worsening from July when Bangladesh Government reportedly decided to stop purchase of liquefied natural gas (LNG) from the global spot market due to a massive price hike consequently forcing the authorities to ration the available gas to domestic and commercial consumers.
“Our production has dropped by 55 per cent,” meanwhile reportedly maintained the Chairman of Ashulia-based Little Star Spinning Mills Ltd., Md Khorshed Alam, speaking to the media even as he added the company was at risk of losing its buyers while underlining he wasn’t sure when the situation will return to normal .
According to Bangladesh Power Development Board data, load-shedding across Bangladesh has gone up to six hours a day even as power production at gas-fired plants has gone down to 5,000-5,500 MW from 11,162 MW per day.
