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LNG volatility causes tender cancellations in Bangladesh, Pakistan

February 05, 2021

Energy & Power:

Electricity generation from liquefied natural gas (LNG) in Bangladesh, Vietnam, and Pakistan, is likely to become costlier thanks to volatile prices of LNG.

The Institute for Energy Economics and Financial Analysis (IEEFA) recently disclosed a report in this regard.

According to the latest report, recent spot price volatility has led Bangladesh and Pakistan to cancel tenders.

Emerging markets are particularly price sensitive and will find the forthcoming gas price environment challenging as Bangladesh and Pakistan have already seen in. 

Energy Finance Analyst of IEEFA Bruce Robertson said, “Asian LNG spot prices have soared to a new high on the back of stronger than expected seasonal demand for heating as freezing weather grips large parts of the northern hemisphere.” 

[Staff Report]

More: LNG Price Hike to Push Up Power Generation Cost: IEEFA

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