Bangladesh energy report
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 2018 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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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.
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.
Natural gas production increased rapidly until 2016 (6%/year over 2010-2016), reaching 27.7 bcm. It has remained stable since then.
The gas is mainly consumed for the production of electricity (61%); the rest is used by the industrial sector (15%), the residential-tertiary sector (15%), the transport sector (4%) and for non-energy uses (5%; fertilizers).
Fuel prices are controlled by the Government and are not adjusted on a regular basis. Prices were raised four times in 2011, but thereafter no further adjustments were made until 2013 (11% hike for diesel, 5% hike for gasoline). Gasoline prices have dropped by 30% since 2014 and stood at US$1.03/l in 2018. Prices for diesel increased slightly in 2018 US$0.86/l.
Energy consumption per capita is 0.25 toe, including around 410 kWh of electricity (2017).
The country's overall energy consumption is increasing quickly (4%/year since 2010), driven by rapid economic growth (6.7%/year). Its progression, however, is 40% lower than the GDP, resulting in a rapid decrease of its energy intensity (-2.7%/year).
Issues & Prospects
PSMP 2016 targets a capacity of 24 GW (of which 10% of renewable capacity) in 2021, 40 GW in 2030 and 60 GW (including 3.8 GW of renewables) in 2040. The plan also targets 35% of gas and 35% of coal in the power mix in 2041. The Vision 2021 Plan targets expects the private sector to account for two-thirds of the total power generation in 2021, from one-third at present.
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
Below is a list of the Bangladesh energy market report graphs:
- GRAPH 1: CO2-energy Emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2018, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2018, %)
- GRAPH 5: Gasoline & diesel prices (US$/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 (2018, %)
- GRAPH 9: Final consumption market share by sector (2018, %)
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.
The Bangladesh energy market data since 1990 and up to 2018 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.
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