Gas subsidies are putting a huge burden on Bangladesh’s finances, a report from the World Bank has concluded, according to Bangladeshi newspaper New Age.
The total impact of price distortions on the power sector is equivalent to $11.2 billion, with the biggest single cost, $4.5 billion per year, resulting from the sale of gas at artificially low prices.
The country imported LNG this year for the first time through a terminal at Moheshkhali.
The high cost of LNG is...
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