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Volatile LNG prices likely to drive electricity prices up

January 15, 2021

Daily Sun:

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) on Thursday 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.

[Staff Report]

More: LNG price hike to push up power generation cost: IEEFA

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