Bangladesh energy report

• 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.

• 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

  Oil:

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

• 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 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

  Oil:

  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.

• 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 (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, %)

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.