Global energy crisis will spill over into Bangladeshi manufacturing

NiyamaSinhalaya

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  • Jul 17, 2008
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    පෘථිවිය
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    As many factories depend on liquefied natural gas (LNG) for production, the global energy crisis that pushed up spot LNG prices is likely to take a toll on the Bangladeshi manufacturing industries, say experts.

    Muhammad Shahadat Hossain Siddiquee, professor of Economics at the University of Dhaka, told Dhaka Tribune that a sudden rise in temperatures has led to a gas crisis — a resource which is needed to keep the production of electricity normal.

    “Mostly, the export-oriented and manufacturing sectors are going to suffer if this continues,” he added.

    The top producing countries reduced gas and oil production from mines due to the slowdown in industrial production amid the pandemic.

    At the same time, the demand for LNG has increased in developing countries, which is also having an impact on the overall price increase, Siddiquee added.

    “The garment sector has been suffering from a gas shortage for the past few months, which has led the RMG factories to depend more on imported LNG. The pressure of gas has also been low for a few months,” said Shahidullah Azim, vice-president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
     

    NushenD

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    Ramiel

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    ආයෙ නන්දසේනට ණය දෙන එකක් නැද්ද එතකොට :(