Dhaka, July 28: Malaysia’s state-owned energy company Petronas has offered to supply liquefied natural gas (LNG) to Bangladesh through ISO cryogenic tank containers at a price of around Tk 100 per unit, more than three times the current domestic industrial gas tariff of Tk 31 per unit, as the country struggles with a severe gas shortage.
The proposal was presented during a meeting at Petrobangla attended by representatives of leading industry associations, including the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and the Bangladesh Textile Mills Association (BTMA).
Petronas said it could begin delivering LNG within seven to ten days using ISO tank containers shipped from Malaysia to Chattogram Port before transporting the fuel by road to industrial consumers.
Industry leaders acknowledged the urgent need for additional gas supplies but expressed concern over the proposed price. Rajib Haider, a representative of BTMA who attended the meeting, said businesses were interested in the proposal because of the ongoing energy crisis, but the cost would be difficult for manufacturers to absorb.
The offer comes as Bangladesh faces widespread disruption following damage to an LNG import terminal, leaving households, transport services and industries grappling with acute gas shortages. Thousands of factories have reportedly been affected, while gas-fired power generation has also declined sharply.
Petronas officials are scheduled to inspect an 800 MW power plant in Narayanganj and a private sugar mill to assess the feasibility of supplying LNG under the ISO container system. However, the Bangladesh government has not yet made a decision on the proposal.
The initiative follows a recent memorandum of understanding (MoU) on energy cooperation signed during Prime Minister Tarique Rahman’s visit to Malaysia.
Under the proposed system, LNG would be transported in 20-foot and 40-foot ISO containers and regasified at customer sites. However, industries would need to invest in storage tanks and regasification facilities before receiving supplies.
Officials say the proposal comes at a time when global LNG prices remain elevated due to regional conflicts. Bangladesh is currently importing LNG at an average cost of about Tk 66 per unit, while the Petronas offer would cost approximately Tk 100 per unit.
According to the Bangladesh Power Development Board (BPDB), gas shortages have reduced electricity generation by more than 6,000 megawatts, forcing greater reliance on expensive furnace oil-based power generation. Meanwhile, more than 550 industrial units are still waiting for gas connections despite having paid demand note fees over the past five years.
The government is now assessing whether the emergency LNG supply proposal is economically viable while balancing the need to restore fuel supplies to industries and the power sector.