Energy experts at a webinar on Saturday said managing primary fuel at an affordable cost has emerged as the biggest challenge for Bangladesh in the volatile global energy market. “The price of liquefied natural gas (LNG) is so volatile globally that it varies from $7 to $29 per MMBtu. Even, the price may go up to $80,” said Dr Izaj Hossain, an eminent energy expert. The webinar, organised by Energy and Power magazine, was also addressed by former power secretary and special envoy to Climate Vulnerable Forum presidency Abul Kalam Azad, former managing director of Petrobangla M Quamruzzaman, and Mohammadi Group’s managing director Navidul Haque. EP editor Mollah Amzad Hossain chaired the seminar. Khodaker Abdus Saleque made a presentation on the issue. The experts said the global prices of primary fuels like petroleum and LNG are going up due to the revival of economic activity across the world following the Covid pandemic shock. Read: Summit signs MoU with Commonwealth LNG to help supply fuel to Bangladesh

Energy experts at a webinar on Power System Master Plan advised the government to lay more emphasis on the development of renewable energy and revise the current master plan in an integrated manner keeping all options open for primary energy sources.

Energy experts at virtual seminar on Wednesday said that the new energy regulatory bill will not protect consumers’ right.