Bangladesh energy report

This analysis includes a comprehensive Bangladesh energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2019 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

Bangladesh energy report
February 2021
3 files (PDF report, 2 Excel files)
33 (Report only)

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  • The country is building two nuclear reactors.
  • The government has set a target of 3.9 GW of renewables in 2041.
  • Private companies own half of the electricity capacity. Chevron is the main gas producer.
  • The country has large resources of gas that are not sufficiently developed to meet the growing demand. Power generation is growing very rapidly (9%/year since 2010) and is dominated by natural gas (79% in 2019).
  • Fuel prices are controlled and subsidised by the Government.
  • Energy consumption is increasing rapidly, but at a slower pace than the GDP.
  • Gas is the main energy source (59%).
  • Households account for more than half of the final consumption.
  • Bangladesh targets a tripling of power capacity by 2040. It hopes to improve its energy security by increasing the use of domestic resources, such as coal and renewables, and diversifying its energy supply with the development of LNG or electricity imports.


share of gas in power mix (2019)

+13 GW

increase in electricity capacity since 2010


annual increase in electricity demand since 2010


  • Institutions & Energy Policy

    The Ministry of Power, Energy and Mineral Resources (MPEMR) is responsible for the energy sector. Its Power Division is responsible for power-related policies, while the Energy and Mineral Resources Division is responsible for gas, petroleum products and coal.

    The Ministry of Finance approves the investments in the energy sector.

  • Energy Companies


    Petrobangla (Bangladesh Oil, Gas and Mineral Corp) is the national fuel company. It is involved in all oil, natural gas and coal exploration/production projects. Petrobangla operates via several subsidiaries, of which 3 for oil and gas E&P (1 for oil and 2 for gas), 1 for gas transmission, 6 for gas distribution, 1 for LNG, 1 for CNG & LPG, and 1 for coal mining.

  • Energy Supply


    Most of the oil is imported, as national production only covers 8% of the country's needs in 2019.

  • Energy Prices


    In 2019, the BERC raised gas prices for all types of consumers by 33%, to help Petrobangla reduce its massive losses. In June of 2020, natural gas prices reached US$1.4c/kWh for households and US$1.2c/kWh for businesses.

  • Energy Consumption

    Energy consumption per capita is 0.28 toe, including around 449 kWh of electricity (2019).

    The country's overall energy consumption is increasing quickly (4.8%/year since 2010), driven by rapid economic growth (6.9%/year). Its progression, however, is 30% lower than the GDP, resulting in a rapid decrease of its energy intensity (-1.9%/year).

  • Issues & Prospects


    Eastern Refinery Ltd, a subsidiary of BPC, plans to increase capacity of its refinery in Chittagong, from 3 to 4.5 Mt/year and awarded a contract for the expansion in 2016.

Table of Contents


Download the Table of Contents

List of Graphs

Below is a list of the Bangladesh energy market report graphs:

  • GRAPH 1: CO2-energy Emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2019, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2019, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Electricity prices for industry and households (US$c/kWh)
  • GRAPH 7: Consumption trends by energy source (Mtoe)
  • GRAPH 8: Total consumption market share by energy (2019, %)
  • GRAPH 9: Final consumption market share by sector (2019, %)

List of Tables

In the Bangladesh energy market report you will find the following tables:

  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

Data (Excel Sheet)

The Bangladesh energy market data since 1990 and up to 2019 is included in the Excel file accompanying the Bangladesh country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Bangladesh Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Bangladesh energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The Bangladesh country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.

Data included in the excelsheet:

  • New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
  • Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.


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