Bangladesh's Energy Crisis Worsens as Import Dependence Rises

The recent technical faults in Bangladesh's floating storage and regasification units (FSRUs) have exacerbated the country's energy crisis, prompting stakeholders to urge the government to build additional infrastructure for FSRUs and a land-based LNG terminal.

According to estimates by the Institute for Energy Economics and Financial Analysis (IEEFA), Bangladesh's import dependence in the energy sector reached 62.5 percent in FY2024-25, with the country relying on the international energy market for 59.5 percent of its energy supply.

By 2030, LNG contribution to annual gas consumption is projected to exceed 60 percent compared to around 33 percent in 2025, while Bangladesh's exposure to the international fossil fuel market could rise to around 74 percent over the same period.

The high cost of LNG imports is a major concern, with the country spending around $3.8 billion (Tk 40,300 crore) to import 327.8 billion cubic feet (Bcf) of LNG in 2025 at an average price of around $12 per million British thermal units (MMBtu).