The federal government has been importing costly liquefied pure fuel (LNG) to mitigate the mounting fuel disaster in several industrial sectors, however that has failed to unravel the issue.
Just lately, the fuel disaster has change into so acute that 25% of the native textile mills’ capability remained unused for the final three months, inflicting them to lose $1.75 billion, mentioned Bangladesh Textile Mills Affiliation (BTMA) on Saturday in a press briefing.
Sources at state-owned oil and fuel firm Petrobangla mentioned the fuel disaster within the industries was attributable to a harm in a pipeline at floating storage and regasification items (FSRU) in Moheskhali and it’ll return to regular subsequent month after repairs.
Even earlier than the FSRU was broken, the garment and textile industries and the facility sector had been affected by a scarcity of fuel provide. Final September, the federal government directed the CNG stations to stay closed for 4 hours every day to satisfy the demand for fuel on the industries.
Vitality consultants mentioned the fuel disaster can’t be solved by importing LNG. Solely native manufacturing might remedy this downside in a sustainable method.
“Sustainable and uninterrupted fuel provide to industries will not be attainable with LNG. In the present day’s state of affairs has resulted from the fallacious insurance policies created by bureaucrats,” mentioned Prof Dr M ShamsulAlam, an vitality skilled.
“To eliminate this case, the Vitality and Mineral Assets Division ought to be free of bureaucratic management and the vitality coverage ought to be targeted on value effectiveness and competitiveness,” mentioned DrShamsul, vitality adviser to Shoppers Affiliation of Bangladesh.
To fulfill the rising demand for fuel in several industries, the federal government arrange two floating storage and regasification items (FSRU) in Moheskhali in 2018 and 2019 to import and provide LNG within the nationwide fuel grid.
Together with the native manufacturing, the 2 FSRUs used to provide 650 mmcf fuel per day.
However on 18 November final 12 months, one FSRU, owned and operated by Summit Group, stopped supplying LNG because of harm of their pipeline.
As a result of closure of the Summit FSRU, fuel provide of round 250 mmcf has stopped within the nationwide fuel transmission line.
Consequently, fuel provide to the industries additionally decreased as distribution corporations weren’t getting sufficient fuel.
Petrobangla Chairman Nazmul Ahsan informed The Enterprise Customary that, “Hopefully, the harm of the FSRU can be repaired by the primary week of February and we can resume supplying fuel from there that month.”