Bangladesh's Gas Supply Hits 16-Year Low Amid Summit LNG Terminal Shutdown

Bangladesh's gas supply has dropped to its lowest level in 16 years due to the shutdown of Summit LNG terminal, which supplies about half of the country's liquefied natural gas (LNG).

The terminal stopped supplying gas on Thursday at 5 pm after running out of reserves, leaving a daily shortfall of around 2.9 billion cubic feet.

The decline in domestic gas production has increased Bangladesh's dependence on imported LNG, which now accounts for about half of the country's total gas supply.

Power generation has been prioritized over industry and households, with power plants receiving about 1 billion cubic feet of gas per day, while fertiliser production is getting 140 million cubic feet.

The crisis is expected to worsen unless long-term exploration and new gas sources are developed to meet the country's growing energy demands.