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Bangladesh energy report

Bangladesh energy report
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Format
2 files (PDF report, Excel file)
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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890 €

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

    Resources:

    Gas reserves reached 275 bcm (end of 2021). Coal proved reserves are significant, at around 293 Mt, while oil reserves are low (5.9 Mt in 2021).

  • Energy Prices

    Gas:

    In 2019, the BERC raised gas prices for all types of consumers by 33%, to help Petrobangla reduce its massive losses. In 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 497 kWh of electricity (2021).

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

  • Issues & Prospects

    Gas:

    The Vision 2021 Plan reported a 50% probability of discovering new gas reserves of 32 Tcf (906 bcm).

  • 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).

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.