86%
share of gas in the power mix (2020).
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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 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.
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Highlights
86%
share of gas in the power mix (2020).
-7%
emission reduction target in 2030.
-6 pts
share of T&D losses since 2010).
Abstract
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:
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
Gas:
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).
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.
Below is a list of the Bangladesh energy market report graphs:
In the Bangladesh energy market report you will find the following tables:
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:
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:
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