Commodity Market Report

Bangladesh LNG long-term outlook 2021

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18 March 2021

Bangladesh LNG long-term outlook 2021

Report summary

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.

Table of contents

  • Drivers of LNG demand
  • LNG market access
    • Power sector
    • Industrial sector
    • Transport sector
    • Residential/commercial sector
  • Proposed LNG terminal development
  • Pipeline infrastructure
  • Regulatory overview
  • Policy overview

Tables and charts

This report includes 11 images and tables including:

  • Bangladesh gas demand 2018-2040
  • Key players
  • Bangladesh power capacity 2018-2040
  • Gas supply-demand balance 2018-2040
  • Contracted volumes versus LNG demand 2018-2040
  • Retail gas tariff by sectors 2013-2020
  • Historical and near-term LNG imports
  • LNG Seasonal profile
  • LNG contracts
  • Contracted LNG supply position vs. existing and expected regas capacity
  • Key gas pipelines and LNG import terminals

What's included

This report contains:

  • Document

    Data Bangladesh LNG Market 2021

    XLS 1.07 MB

  • Document

    Bangladesh LNG long-term outlook 2021

    PDF 1.53 MB