Bangladesh raises domestic natural gas and electricity prices

Bangladesh has raised domestic natural gas tariffs for power plants and electricity tariffs for all types of consumers this week, in a move that is likely to incentivize gas sales and LNG imports in the coming months. The price increases, aimed at reducing government subsidies in these sectors, will take effect retrospectively from Feb. 1. Bangladesh subsidizes both natural gas… Bangladesh has raised domestic natural gas tariffs for power plants and electricity tariffs for all types of consumers this week, in a move that is likely to incentivize gas sales and LNG imports in the coming months. The price increases, aimed at reducing government subsidies in these sectors, will take effect retrospectively from Feb. 1. Bangladesh subsidizes both natural gas… Read More