Gas supply ensured until December: Power Minister
Minister for Power, Energy and Mineral Resources Mr. Iqbal Hasan Mahmud said that, despite the energy crisis, enough LNG has been bought to meet the country’s gas demand until this coming December. He said gas supply in the country is fairly stable now. Plans will be made to buy fuel for January too.
He spoke at the fifth Bangladesh Economic Conference 2026 at a Dhaka hotel yesterday, Saturday. The theme was “Economic roadmap in global uncertainty, macroeconomy, investment and energy security strategy”.
The minister said that during the energy crisis, gas pressure fell to nearly half because of FSRU related problems. This badly hit power production. Many power plants shut down, and factories also suffered greatly. He said that to face this situation, the country had to buy LNG at high prices from the spot market, outside long term contracts.
He said LNG bought from the Singapore market also became much costlier. The price per unit was 12 dollars earlier, but it reached 31 dollars in the latest purchase. The high LNG price made the cost of making power from gas nearly equal to that from oil. So some units of oil based power plants were started to manage the situation.
Describing the present state, Mr. Mahmud said gas supply is fairly stable now. Load shedding was very low in the last two weeks or so. Power supply was disrupted in some places, but technical faults caused it, not the energy crisis. He added that enough LNG has been bought to keep supply normal until December. Plans for January fuel will follow.
