Dhaka, June 22 -- Fuel import dues have been significantly reduced from $3.2 billion to just $700-800 million, resulting in a substantial drop in liquefied natural gas (LNG) prices, said Muhammad Fouzul Kabir Khan, Adviser to the Power, Energy and Mineral Resources Ministry.
Speaking at a seminar titled "Debating Budget and Beyond," organised by the Bangladesh Economic Association at the CIRDAP International Conference Centre in Dhaka, he said, "Previously, LNG cost us $16-17 per unit, but now, with most arrears cleared, the price has come down to $12-13."
The adviser acknowledged the growing dependency on imported LNG due to declining domestic gas reserves, which has led to an increase in government subsidies in the energy sector. To tac...