Global Energy Crisis.

The high price and supply of energy in the international market due to the impact of the Russia-Ukraine war has put us in trouble like any other country. The increase in global commodity rates, including all fossil fuels, has hit other regional countries as severely as it has hit Bangladesh. If one takes a look at the region, including India, Pakistan and Sri Lanka, crisis have surged.

There is frequent load-shedding in various parts of Pakistan due to a power deficit. It is producing less than the national demand. Countless cities are reporting power outages that last for hours on end. In Dhaka, June 3 marked the day on which load shedding made a comeback in Bangladesh after excessive power production had made people forget about the problems of limited electricity.

Now that load shedding is back, a large portion of the gas supplied to the country is used for power generation. Liquefied natural gas (LNG) imported from abroad is also used in power plants. However, the current problem seems to be temporary and the hope is that everything will go back to normal once the energy crisis is over. So, there is no chance of us becoming a generator or UPS market again and it will not become a country without electricity wires, that is certain. We are just waiting for good time.

This problem of electricity is not only ours. Australia-a nation of clean, responsible citizenry and wealth-is now suffering from power shortages. To deal with the situation, the Energy Minister Chris Bowen has advised the residents of the state of New South Wales to be economical in the use of electricity. At the same time, he requested to switch off the electric lights in the house for two hours every evening.

Australia is the world's leading exporter of coal and liquefied natural gas. Three-quarters of the country's electricity is generated using coal. However, the country is suffering from power shortage since last May. There are reasons behind this crisis. Earlier this year, several coal mines in New South Wales and Queensland flooded and coal production from two other mines also stopped due to technical reasons. The mines supply coal to the largest coal-fired power station in New South Wales. At the moment, in the face of various problems, one fourth of Australia's coal-based power plants have stopped production. As a result, there is a huge shortage of electricity.

Apart from the developed countries, the electricity supply situation in our neighboring countries is also...