Dhaka, April 30 -- A severe gas crisis is causing a sharp decline in the country's industrial production.
This is due to plummeting gas pressure, forcing factories to cut production and seek costly alternatives, potentially leading to the factory closures and job losses. Consequently, there is pressure on the economy.
Sources from the Energy Department and Petrobangla say, gas production from domestic wells has been declining for several years.
The interim government has increased imports of liquefied natural gas (LNG) to the meet demand.
The current demand for gas is about 4,200 million cubic feet. But 2,698 million cubic feet of gas is being supplied daily. Of them, 1,842 million cubic feet is being supplied from domestic gas fields a...