Looming energy crisis

Bangladesh is facing a severe energy crisis, primarily due to its heavy reliance on imported coal, gas, and oil. Shortages of these resources have led to frequent power cuts and load shedding, disrupting daily life and industrial operations. Rising global prices, exacerbated by the Russia-Ukraine conflict, have further intensified the crisis, posing a direct threat to economic stability.

In response to this emerging crisis, the interim government is exploring collaborations and alternative energy sources. A notable recent development is an agreement between Bangladesh and the United States to import liquefied petroleum gas (LPG). This deal aims to diversify energy imports, reduce dependence on traditional suppliers, and stabilise the domestic supply, alleviating pressure on both businesses and households.

However, long-term energy security will require substantial investment in infrastructure and renewable energy. While the LPG agreement is a positive step, Bangladesh must accelerate its transition towards sustainable energy sources to ensure lasting economic stability and resilience.

Afra Ashika

Bachelor of Business Administration

North South University

afra.ashika@northsouth.edu