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Bangladesh to target offshore gas to combat energy shortfall: PM

03 Mar '24
1 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • PM Sheikh Hasina commits to offshore gas extraction to tackle energy shortage.
  • Stressed investment need during talks with ITFC CEO.
  • Lauds past achievements in electricity provision.
  • Salem praised Bangladesh's investment climate and loan repayment record.
  • Meeting attended by key officials emphasised collaborative efforts for economic progress.
Bangladesh Prime Minister Sheikh Hasina affirmed the government’s decision to pursue offshore gas extraction to alleviate energy shortages.

Speaking at her Sangsad Bhaban office during a meeting with International Islamic Trade Finance Corporation (ITFC) CEO, Engineer Hani Salem, she emphasised the need for investment in this endeavour.

Hasina highlighted the government’s achievements in providing electricity nationwide, tracing back to her first tenure in 1996 when power was opened to the private sector. She underscored the investment-friendly environment fostered by her administration and prioritised rural economic development and food production to generate employment opportunities.

Addressing concerns over inflation and ensuring citizen welfare, Hasina emphasised boosting production across all sectors even as ITFC CEO Engineer Hani Salem pledged comprehensive support for realising Sheikh Hasina's ‘Smart Bangladesh’ vision, intending to invest in infrastructure, ICT, debt management, energy, and climate change mitigation.

Engineer Hani Salem commended Bangladesh’s investment climate and Prime Minister Hasina’s financial management, citing the nation’s exemplary loan repayment record.

The meeting, attended by PM’s Private Industry and Investment Adviser Salman Fazlur Rahman, principal secretary M. Tofazzel Hossain Miah, and Economic Relations Division secretary Md. Shahriar Kader Siddiky, underscored the collaborative efforts to drive Bangladesh towards economic prosperity.

ALCHEMPro News Desk (DR)

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