Bangladesh energy report

• 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.

• 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

  Resources:

  Gas reserves reached 275 bcm (end of 2020). Coal proved reserves are significant, at around 295 Mt. Oil reserves are low (5.9 Mt in 2020).

• 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 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).

  Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

• Issues & Prospects

  Electricity:

  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.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY COMPANIES
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

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, %)

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.