Dhaka, Nov. 5 -- Bangladesh is facing a growing subsidy burden from its reliance on imported LNG, with the government having to provide over Tk 60 in subsidy for every cubic metre of gas when imported LNG costs US$20 per million British thermal units (MMBtu), according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).

The report says high and volatile Liquified Natural Gas ( LNG) prices, supply disruptions and rising project costs have weakened the financial viability of gas-fired power projects in Bangladesh and other emerging Asian economies.

Titled LNG-to-Power in Emerging Asia: A Five-Year Review of Project Outcomes, the report released on Thursday reviewed 92 proposed LNG-fired power projects wor...