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 2020 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
March 2022
2 files (PDF report, Excel file)
33 (Report only)

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  • The country aims to reach a capacity of 4 GW of renewables by 2030, around half of which from solar.
  • The updated NDC aims for a 7% reduction in GHG emissions in 2030.
  • 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.
  • T&D losses have been reduced by 5 points since 2010, allowing a reduction in power outages.
  • 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 consumption.
  • The country targets a tripling of power capacity by 2040.
  • In 2010, the Government cancelled 10 coal-fired power plants totalling around 9 GW.


share of gas in the power mix (2020).


emission reduction target in 2030.

-6 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


    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


    The country imports over 3 times its oil production (1.3 Mt oil imported compared to 0.4 Mt of oil produced in 2020).

  • 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 2021, natural gas prices reached US$1.3c/kWh for households and US$1.1c/kWh for businesses.

  • Energy Consumption

    Energy consumption per capita is 0.28 toe, including around 489 kWh of electricity (2020).

    The country's overall energy consumption is increasing quickly (4.5%/year since 2010), driven by rapid economic growth (6.9%/year).

    Gas is the main energy source (57%), ahead of biomass (17%), coal (13%), and oil (12%) (2020).


  • Issues & Prospects


    PSMP 2016 targets a capacity of 24 GW (of which 10% is renewable capacity) in 2021, 40 GW in 2030, and 60 GW in 2040. The 10% renewable capacity target for 2021 is likely to be missed as it reached 3% in 2020.

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 (2020, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2020, %)
  • 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 (2020, %)
  • GRAPH 9: Final consumption market share by sector (2020, %)

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 2020 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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