Liquefied natural gas (LNG), coal and fuel oil are being imported to meet the energy needs of power, industry and other sectors. Energy demand in the country is increasing every year in these sectors. Based on the government’s energy expenditure estimates, traders say that by 2030, the country will spend 24 to 30 billion dollars on energy imports.
In this situation, in the context of the ongoing dollar crisis, businessmen have become worried about the country’s energy security. According to them, the government has planned to create 60,000 MW power generation capacity in the country by 2041. A large amount of fuel has to be imported to operate these power plants. For this reason, there is a strong danger of getting into trouble in getting the necessary money. It is possible to get out of this crisis if import dependence is reduced and emphasis is placed on local gas exploration. Besides, it is necessary to take quick steps in extracting own coal.
These things came up in a seminar organized by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) recently on the use of natural resources of Bangladesh. The organization organized a seminar on ‘Best Use of Natural Resources of Bangladesh: Philosophy of Bangabandhu’ on the occasion of National Mourning Day at their Motijheel office. The traders expressed several fears about the country’s future energy security.
That’s why we think we have to ensure the maximum use of local resources in addition to imports. He said, “If we want to industrialize the country, we have to move towards coal mining. But why are we not going to lift? What can we do by importing? We will need 40,000 megawatts of electricity in 2041. It should be considered whether it is possible to generate so much electricity through imported coal or gas. For this reason, more emphasis should be placed on the exploration of the country’s natural resources.