Bangladesh’s industries have been facing a severe gas shortage for nearly two years, significantly impacting production and profitability. Despite government assurances of improved gas supply by mid-July after repairs to a floating storage regasification unit (FSRU), the situation remains critical as of October. Major textile mills, including Israq Spinning Mills Limited, report drastic reductions in production capacity due to extremely low gas pressure, with some operating at only 40% of their potential.
Entrepreneurs from regions such as Narayanganj, Gazipur, and Savar are incurring substantial losses and are concerned about repaying bank loans amidst the ongoing crisis. Petrobangla officials acknowledge a 30% shortfall in gas supply compared to demand, with current daily supply at approximately 2,700 million standard cubic feet (mmcfd) against a demand of 3,800 to 4,000 mmcfd. While supply has slightly improved due to LNG sources, many industrialists remain skeptical and fear loan defaults, struggling to meet operational costs and salaries. Factory owners express frustration and contemplate exiting the business if the situation does not improve.
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