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Bangladesh energy report

Bangladesh energy report
3 files (PDF report, 2 Excel files)
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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.


  • In its updated NDC, the country aims to reach a capacity of 4.1 GW of renewables in 2030 (half of which from solar) and a 7% reduction in GHG emissions.
  • Private companies own half of the electricity capacity.
  • Chevron is the main gas producer, with around 50% of total output.
  • The large gas resources are not well developed and are insufficient to meet the growing demand.
  • Gas dominates the power mix (63% in 2022).
  • Energy prices are controlled and subsidised by the Government.
  • Energy consumption is increasing two times slower than the 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.
share of gas in the power generation mix (2022)
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


    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 reserves reached 264 bcm (end of 2022). Coal proved reserves are significant, at around 293 Mt, while oil reserves are low (4Mt in 2022).

  • Energy Prices


    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 0.29 toe, including around 570 kWh of electricity (2022).

    The country's overall energy consumption has increased by around 3% per year between 2016 and 2022, reaching 50 Mtoe in 2022; this is two times lower than GDP growth. The progression is almost two times slower than over 2010-2016.

  • Issues & Prospects


    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 (2022, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2022, %)
  • 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 (2022, %)
  • GRAPH 9: Final consumption market share by sector (2022, %)
  • 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).