How can Bangladesh achieve energy self-sufficiency?

Bangladesh needs to take extensive measures to achieve energy self-sufficiency and, in this way, address the energy crisis and growing energy demand. These measures require multi-dimensional actions and initiatives, as described in more detail below.

Does Bangladesh provide a subsidy to the energy sector?

Bangladesh provides the largest subsidy (33.6%) to the energy sector compared to other Asian countries (Table 5). The total subsidy provided to the energy sector in 2013 was estimated at 3.2% of the GDP compared to China which only provided a 0.2% subsidy. However, Fig. 10 shows that Bangladesh has gradually reduced its energy subsidy over time.

What is the most cost-effective energy source in Bangladesh?

Hydropower, utilizing the kinetic and potential energy of water, stands as the most cost-effective energy source in Bangladesh.

Why is Bangladesh importing liquefied natural gas?

To address this challenge, Bangladesh began importing liquefied natural gas (LNG) in August 2018. The introduction of LNG imports has helped to bridge the supply-demand gap by supplementing domestic gas production. Additionally, massive exploration programs are being implemented in both onshore and offshore areas.