Bangladesh LNG long-term outlook 2021

Bangladesh imported 4.1 Mt of LNG in 2020, about a 14.5% annual decline. COVID-19 reduced gas demand in the power and industrial sectors, but the government prioritised LNG imports and curtailed domestic gas production. However, the country's LNG demand is expected to grow as domestic production declines lead to a requirement for imports. We expect LNG demand to reach 21.2 mmtpa by 2030 and 30.8 mmtpa by 2040. Gas demand will grow across sectors as the country is outperforming across all the spheres of economic development, including industry and infrastructure. In the longer-term, to accommodate additional LNG into the system, a new gas pipeline and additional regas terminals are required. This report highlights long-term gas demand, LNG demand drivers, infrastructure developments, supply-demand balance, gas & LNG pricing, policy & regulations, and key market players.