Bangladesh LNG Expansion Could Slam Nation with $8.5 Billion Annual Import Bill

Bangladesh's planned expansion of liquefied natural gas (LNG) import infrastructure could significantly increase the country's annual LNG import bill, according to a new analysis from the Institute for Energy Economics and Financial Analysis (IEEFA). The warning comes after a summer of disruption at Bangladesh's LNG import terminals.

A recent incident at an Excelerate Energy-operated floating storage and regasification unit (FSRU) forced it to halt gas supplies for three days due to critically low LNG inventories. This situation highlights the potential risks associated with the country's reliance on imported LNG.

IEEFA warns that Bangladesh's planned expansion could push its annual LNG import bill to around $8.5 billion after 2030. The analysis emphasizes the need for careful planning and consideration of the financial implications of the expansion.