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Energy

Growing LNG costs erode Bangladesh’s energy security gains

Bangladesh is turning to renewable energy to chart a more secure and sustainable energy future as mounting import costs, rising tariffs, and heavy dependence on foreign fuels expose the country’s energy sector to growing risks.

Highlights

  • Renewable Energy Push: 20% by 2030, 30% by 2040

  • Heavy Dependence on Imports Strains Energy Security
  • <...

Bangladesh becomes LNG’s hottest story

  • Bangladesh has become Asia’s most active spot LNG buyer as domestic gas output falls and demand rises.
  • Long-term deals with Qatar and Oman cover only part of the gap, so spot imports have surged.
  • Reliance on spot LNG is creating financial and energy-security risks.
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Renewables are renewing economies: UN chief

2025 marks a milestone: the tenth anniversary of the Paris Agreement and the deadline for countries to submit their updated Nationally Determined Contributions (NDCs), designed to keep the global goal alive of limiting temperature rise to 1.5°C above pre-industrial levels.

Addressing the 16th Petersberg Climate Dialogue (PCD) in Berlin – the first official gathering on climate since last year’s COP29 summit in Baku – the UN Secretary-General António Guterres issue...

BPDB’s 41 solar tenders fail to attract bidders

Between December and January, the Bangladesh Power Development Board (BPDB) issued tenders for 41 solar power projects. However, not a single bid has been submitted, prompting the state-owned utility to extend the submission deadlines multiple times. The proposed solar plants, with capacities varying from 10 MW to 100 MW, are projected to deliver a total of 2.633 GW of electricity.

The BPDB’s initial tender, released ...

Wyoming: a lesson in ‘all-of-the-above’ energy policy

In late January, a legislative meeting in the US state of Wyoming cut to the core of energy debates. One bill in discussion, entitled ‘Make carbon dioxide great again — no net zero, ’ demonstrates general hostility to the energy transition in a predominantly Republican state that has produced coal, oil and gas for generations. But another bill on the meeting agenda, about advanced nuclear energy manufacturing, envisions a lower carbon future for Wyoming: one that has garnered significant interest from local and foreign companies. “Wyoming is developing an environment that is very interesting to the nuclear industry, and we’re very excited to consider setting up our manufacturing operation in Wyoming,” Matt Wilson, operations director at California-based nuclear start-up Radiant Indus...

Current account logs surplus after a year

According to the latest data released by the Bangladesh Bank, the central Bank of Bangladesh, the country's current account balance recorded a surplus after nearly a year. According to the Bangladesh Bank (BB), the current account balance showed a surplus of 33 million U.S. dollars during the first half of 2024-25 fiscal year against a deficit of 3.47 billion dollars during the corresponding period of the previous fiscal year (July 2023-June 2024). A BB official who preferred to be unnamed said the c...
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