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Bangladesh energy report

Bangladesh energy report
Update
Format
3 files (PDF report, 2 Excel files)
Pages
34 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY COMPANIES
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

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Overview

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 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.

Highlights

  • The country aims to reach a capacity of 4.1 GW of renewables in 2030, half of which is from solar, and a 7% reduction in GHG emissions.
  • Private companies own half of the electricity capacity.
  • Chevron is the main gas producer.
  • The large gas resources are not well developed and are insufficient to meet the growing demand.
  • Gas dominates the power mix (77% in 2021).
  • Energy prices are controlled and subsidised by the Government.
  • Energy consumption is increasing rapidly, driven by rapid economic growth.
  • Natural gas supplies almost 60% of the primary supply.
  • The country targets a tripling of power capacity by 2040.
  • In 2021, the Government cancelled 10 coal-fired power plants totalling around 9 GW.
77%
share of gas in the power generation mix (2021)
-7%
emission reduction target in 2030
-2 pts
share of T&D losses 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

    Oil:

    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

    Gas:

    Natural gas production has been declining slightly since 2017 and reached 26 bcm in 2021 (-1.9%/year on average). It increased rapidly until 2016 (5%/year over 2010-2017), reaching a peak at 28 bcm in 2017.

  • Energy Prices

    Electricity:

    Prices were rising in nominal terms before 2014, although less than inflation. The Government aims to cut BPDB's losses, since the average sales price is lower than the production costs, and to overcome power shortages through investments. In 2014 the Government raised power tariffs by an average of 7%. Since 2014, industry prices and domestic prices have remained quite stable.

  • Energy Consumption

    Energy consumption per capita is 0.28 toe, including around 497 kWh of electricity (2021).

    The country's overall energy consumption increased quickly during 2010-2016 (5.5%/year on average, driven by rapid economic growth (6.3%/year on average in the same period). The annual increase has been smaller since then, at around 2.9% per year between 2016 and 2021.

  • Issues & Prospects

    Electricity:

    PSMP 2016 targets a capacity of 40 GW in 2030, and 60 GW in 2040.

    Bangladesh envisages an ambitious 40 GW of renewable energies by 2041 in its 20-year National Solar Energy Action Plan; 16 GW of those 40 GW would be from large "solar hubs".

  • GRAPH 1: CO2-energy Emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2021, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2021, %)
  • 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 (2021, %)
  • GRAPH 9: Final consumption market share by sector (2021, %)
  • 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.

The Bangladesh energy market data since 1990 and up to 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).