The cancellation of another FSRU project in Bangladesh raises serious doubts about the price-sensitive market’s ability to absorb more LNG imports.
The country’s inflexible and heavily subsidised downstream markets, which are struggling to take in costly imported LNG cargoes, lie at the heart of the problem. Bangladeshi demand for LNG, which is forecast to hit as much as 12-15 mtpa by 2025, remains uncertain without significant retail price hikes or more costly government subsidies.
Moreover, pricing risks pose a serious impediment to potential import...
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