At a roundtable organized by the American Chamber of Commerce in Bangladesh, Muhammad Fouzul Kabir Khan, adviser to the Ministry of Power, Energy, and Mineral Resources, indicated that the government has yet to decide on increasing energy prices. Khan stated that he lacks the authority to raise gas prices and that proposals have been sent to the Bangladesh Energy Regulatory Commission (BERC) for consultation. This issue is challenging because while industries need gas, the government needs to reduce subsidy burdens. Industries, especially spinning mills, struggle with inadequate gas supply, operating at 50% capacity. Bangladesh has been importing LNG to meet industrial demand. There are suggestions to increase supplies to industrial units by limiting them to refueling stations and homes, but this could cause issues in transportation and cooking. To attract more foreign direct investment (FDI), efforts are being made to improve the Bangladesh Investment Development Authority’s One Stop Service portal.
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