Bangladesh’s energy shortage, exacerbated by declining natural gas reserves and rising global fossil fuel prices, is hindering industrial growth, experts said at a meeting organized by FICCI. Despite more factories, gas supply to the industrial sector has stagnated over the past decade, and at current consumption rates, reserves could deplete by 2030. Energy theft, accounting for 10% of the national grid supply, adds to the problem. Experts advocated for renewable energy expansion, LPG substitution for domestic gas, and accelerated gas exploration. The government is revising renewable policies, including a new energy park, to reduce power sector subsidies and stabilize energy tariffs.
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