Bangladesh’s energy and power sectors face a financial challenge with dues nearing $1.75 billion, primarily from LNG, fuel oil imports, and electricity bills. The Bangladesh Petroleum Corporation owes $230 million, while Petrobangla owes $780 million, including $450 million for LNG imports. Additionally, $600 million is owed to India’s Adani Group for electricity, with $100 million pending from Tripura state. The Energy Division reports outstanding bills for coal imports. Despite high gas and LNG supply this year, pressure on fuel oil persists. Petrobangla expects the Bangladesh Bank to expedite dollar supply to resolve the issue. The central bank’s reduced dollar supply since mid-May, attributed to IMF reserve requirements, has exacerbated the situation, leading to increased outstanding dues and fines for banks. Bangladesh is negotiating a $4.7 billion IMF loan, adjusting foreign exchange reserves targets. Fuel imports and LNG procurement remain significant amid ongoing financial constraints.
Source for more details:
