Monday, 27 September, 2021

Govt, traders to fix industrial gas demand

  • Special Correspondent
  • 4 August, 2021 12:00 AM
  • Print news

The government will sit soon with the country’s major trade bodies to fix natural gas demand in industries for the next three fiscal years.

“We have a plan to hold a meeting with FBCCI, BGMEA and BKMEA soon to fix the gas demand in the industries until the FY2024-25,” said an official.

The official said the decision to fix the industrial gas demand was taken at a meeting recently by the Ministry of Power, Energy and Mineral Resources.

Prime Minister’s Energy Adviser Dr. Tawfiq-e-Elahi Chowdhury is also expected to attend the meeting.

The ministry is also planning to restrict the industrial units to use natural gas as per allocation. The trade body leaders will be informed about such restrictions at the meeting.

If any industry fails to comply with the rules in using allocated gas, it will have to face penalty. According to the official sources, the demand of natural gas in industries is 685 mmcfd. The captive power plants are using 645 mmcfd of natural gas.

The government is now able to supply 3107 mmcfd gas against the demand of around 4000 mmcfd to different sectors.  

The supply of natural gas will decrease to 3032 mmcfd by the FY2024-25 due to the depleting gas levels in the local gas fields.

The government is rationing the supply of natural gas to different sectors because of the shoratge.