RE: Energy Security16 Mar 2026 16:26
The Fuel Squeeze
Conclusion
Bangladesh relies heavily on imported energy and electricity to keep its economy running. Under normal circumstances, if global prices remain stable, the country needs roughly $2 billion each month to pay for fuel imports and settle debts linked to the power and energy sector. But if the war drags on and global prices rise further, that monthly bill is bound to increase, putting even greater financial strain on the country’s newly formed government.
Bangladesh has faced similar challenges before. After the global energy crisis of the 1970s, the country placed strong emphasis on exploring its own energy resources. Experts now say that while managing the immediate pressures created by the current conflict, Bangladesh must also move quickly to strengthen its long-term energy security. That means accelerating exploration of domestic gas and coal resources and expanding renewable energy projects with both local and foreign investment.
At the same time, the country needs to gradually reduce its heavy dependence on energy imports from the Middle East and diversify its supply sources. The government has already begun taking steps in that direction.
Energy specialists also stress that during periods of global crisis, strict conservation measures become essential. The government will need to enforce greater efficiency in the power and energy sectors, while consumers must also play their part by using electricity and fuel more responsibly. Without such collective effort, the rising cost of energy could place an even heavier burden on Bangladesh’s economy.
https://ep-bd.com/userfiles/EP_V_23_19_Cover.pdf
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