Bangladesh: Energy Exporter?

The impoverished country is on the verge of developing its natural-gas riches. But cultural issues could keep it from digging in

Few countries have a tougher time with Mother Nature than Bangladesh. Each year this country of 120 million people is battered by cyclones and flooding, turning life for many of its inhabitants into a grim Malthusian existence. But it turns out that nature has also blessed Bangladesh in the form of natural gas -- and lots of it. While the gas reserves aren't big enough to raise Bangladesh up to the ranks of the rich energy producers of the Middle East, they're large enough to lift it from the bottom rung of poor nations into the middle ranks within a decade or so. That's assuming, however, that Bangladesh can exploit this resource soon.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.