It is 13 years to 2030 when Bangladesh’s energy sector would be 92 percent dependent on import of energy (primary fuel and electricity) in accordance with the government plan. The present government is working on a vision of transforming Bangladesh into a middle income country by 2021 and developed country by 2041. It thinks that relying on domestic primary fuel, the country cannot achieve the targets. Just a decade ago, Bangladesh was exclusively reliant on own natural gas resource.

Over the passage of time and keeping pace with the demand growth, the production increased but proven reserve progressively diminished. The deficit of gas supply kept on widening. Though the gas production has increased by 1,200 MMCFD over the last eight years of the present government, the demand almost doubled due to multi-dimensional use. Expansion of 100% gas dependent industries and investment has been completely stalled. Absence of required forecast for long term supply of fuel and pricing is acting as disincentive to the investors. Though the government is proceeding with development of specialised economic zone with pledges for required energy supply, yet it is not being clearly said how and at what price the fuel would be supplied. Especially the government is not telling anything about energy pricing in the future. The government is repeatedly changing the dateline of quality power supply as a replacement of gas supply. The government is working on plans for importing huge volume of LNG for confronting natural gas deficit. On the other hand, power import through cross border trading is also a priority of the present government. Under the circumstance, the government is going to observe the Energy Security Day on August 9, 2017.