9th August 2018
EP Report

The subsidies are expected to make a quantum leap this fiscal year, driven by the imports of liquefied natural gas (LNG), officials at the finance division said.

This is a new head for subsidies as Bangladesh is importing this alternative fuel to combat gas crisis, especially in the Chattogram region.

The maiden floating storage and re-gasification unit or FSRU carried 133,000 cubic meters of LNG from Qatar in April.

Its commissioning has not started yet, though all necessary preparations had been made by Chattogram-based gas distributing company, said Khaiz Ahmed Mozumder, chief executive at the Karnaphuli Gas Distribution Company.

In the meantime, the government has devised a plan to raise its subsidy outlay by 232 per cent to Tk 196 billion for non-financial institutions, including the Petrobangla.

The Bangladesh Petroleum Corporation (BPC), the sole importer of petroleum products, will also be involved in importing LNG.


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