Bangladesh Becomes LNG’s Hottest Story ...Middle East

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Bangladesh Becomes LNG’s Hottest Story
source : OILPRICE ( Middle East ) () 76
Bangladesh has become Asia’s most active buyer of spot LNG cargoes – an unlikely new heavyweight in one of the world’s most volatile energy markets. Once largely self-sufficient in natural gas, the country now leans heavily on imported fuel to keep its factories running and its power sector alive. The shift is dramatic: gas still meets 43% of Bangladesh’s total energy needs, but domestic production is falling, reserves are dwindling, and the gap is being filled at a soaring cost. What began as a stopgap after shortages in…

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