U.S. Energy Information Administration - EIA - Independent Statistics and Analysis
Country Analysis Note
- Natural gas and solid biomass and waste account for the majority of Bangladesh's total primary energy consumption with the remainder being oil, coal, and hydropower. In 2012, Bangladesh’s primary energy consumption was an estimated 56% natural gas, 24% traditional biomass and waste, 16% oil, 3% coal, and 1% hydropower and solar.
- Bangladesh, the seventh largest natural gas producer in Asia in 2012, produced 772 billion cubic feet, all of which was domestically consumed. Natural gas production in Bangladesh has increased by an annual average of 7% over the past decade, from 2002 to 2012. However, Bangladesh is facing acute natural gas supply shortages especially in the electricity sector. These shortages, in turn, have led to rolling blackouts of electricity.
- Electricity consumption has increased by an annual average of 11% from 2001 to 2011 which has strained Bangladesh's electricity grid. According to Facts Global Energy, Bangladesh’s share of gas-fired capacity accounted for 65% of total installed electricity capacity (10.2 gigawatts) as of December 2013.
- According to the government of Bangladesh, about 62% of the population has access to electricity. As a result, 38% of the population mainly relies on traditional biomass and waste for cooking and heating. The government seeks to replace older, inefficient units and increase electricity generation capacity to match the electrification rates of other developing countries.
- Bangladesh hopes to increase natural gas production and imports to limit strains on its power grid and reduce blackouts. Platts estimates that Bangladesh must increase its natural gas supply by at least 18% to eliminate natural gas supply shortages. In 2014, state-owned Petrobangla signed a preliminary agreement with a U.S. consortium, consisting of Astra Oil and Excelerate Energy, to build the country’s first offshore LNG import terminal. Bangladesh is prioritizing natural gas imports to relieve some of the gas shortage in the short term and intends to expedite the development of its first LNG terminal. Bangladesh extended a memorandum of understanding signed with Qatar in 2013 and expects to begin importing LNG in 2015. State-owned Power Cell is evaluating plans to build an onshore LNG import terminal.
- Bangladesh is a net importer of crude oil and other liquids. In 2013, the country produced 4,500 barrels per day (bbl/d) of total oil and consumed nearly 119,000 bbl/d. Because oil consumption is steadily increasing, Bangladesh continues to increase its crude oil and oil product imports to satisfy domestic demand. Bangladesh processes crude oil at its 33,000-bbl/d-refinery owned by Eastern Refinery Limited (ERL), a subsidiary of Bangladesh Petroleum Corporation. Bangladesh Petroleum Corporation plans to nearly triple the refinery’s capacity to 90,000 bbl/d by 2016.
- The Bangladesh, Oil, Gas, and Mineral Corporation (Petrobangla) is the key oil and natural gas company in Bangladesh. International Oil Companies (IOCs) must sell natural gas to Petrobangla at a government-determined price and are restricted in their ability to sell natural gas to customers directly, according to PFC Energy.
- Chevron is the leading IOC in Bangladesh's natural gas sector. Other IOCs, ConocoPhillips and ONGC Videsh Limited, are expected to begin exploring for hydrocarbon resources in three shallow-water blocks in the Bay of Bengal. Bangladesh is attempting to attract investment by IOCs through favorable financial incentives, particularly by enacting energy price reforms.
Analysis Last Updated: August 2014
Overview data for Bangladesh+ EXPAND ALL
-- = Not applicable; NA = Not available; E = Estimate value
Sources: EIA. For more detailed data, see International Energy Statistics.
Data last updated: May 30, 2013
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