Bangladesh’s reliance on costly imported LNG is set to triple over the next three years, potentially straining the nation’s economy. Domestic gas exploration remains sluggish, compelling the government to heavily expand LNG imports to meet escalating natural gas demand. The country’s imports of liquefied natural gas are projected to reach around 10.50 million tonnes per year, significantly relying on long-term suppliers like Qatargas and OQ Trading. Despite efforts to increase LNG supplies, the escalating import costs could negatively impact the economy and energy security. The dependency on LNG imports could potentially hinder the development of local energy resources and raise concerns about monopolistic practices in the energy sector.
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