A new report by Market Forces, Waterkeepers Bangladesh, and Dhoritri Rokkhay Amra (DHORA) warns that Bangladesh’s development of liquefied natural gas (LNG) power projects and import terminals could cost the country an estimated US$50 billion. The report highlights the significant environmental and health risks posed by these projects, including worsening pollution and contributing to climate-related disasters like floods and cyclones. It also criticizes the role of foreign companies, such as GE Vernova and Japan’s JERA, in pushing Bangladesh towards harmful LNG dependence.
The analysis also suggests that the same US$50 billion could be better spent on clean energy initiatives, with the potential to install 62 gigawatts of renewable power, more than double Bangladesh’s current electricity generation capacity. Experts argue that Bangladesh should focus on renewable energy investments rather than LNG, emphasizing the need for energy audits, efficiency improvements, and alignment of energy policies with the nation’s long-term sustainable development goals.
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