The government of Bangladesh has reaffirmed its commitment to strengthening national energy security through increased domestic resource development, infrastructure investment and diversification of energy sources.
In its proposed budget for fiscal year 2026-27, significant allocations have been earmarked for the power and energy sectors to support reliable electricity supply, improve energy infrastructure and reduce dependence on imported fuels.
A central focus of the government's strategy is the expansion of domestic natural gas exploration, both onshore and offshore. Authorities aim to boost local production capacity, enhance exploration activities, and strengthen the capabilities of national energy institutions to improve long-term energy resilience.
The government is also pursuing a broader energy diversification agenda that includes expanding renewable energy adoption, increasing petroleum refining capacity, and encouraging the use of advanced technologies to improve energy efficiency across industrial, agricultural and residential sectors.
It is to be noted that Bangladesh remains heavily dependent on imported energy resources, including petroleum products, liquefied natural gas (LNG) and liquefied petroleum gas (LPG). Reducing this reliance through greater domestic production has been identified as a key policy priority.
As part of ongoing efforts, extensive geological and seismic surveys are planned over the coming years, alongside the drilling of new exploration and development wells. The government is also promoting international investment in offshore exploration by opening additional blocks for oil and gas development under production-sharing arrangements.
Infrastructure projects, including plans to connect new gas-producing regions to the national transmission network, are expected to enhance energy accessibility and supply stability.
At the same time, policymakers are seeking to attract greater private-sector participation through investor-friendly measures and expanded public-private partnerships, recognising the importance of energy investment in supporting economic growth and industrial development.
Looking ahead, the government has reiterated its long-term objective of increasing the share of renewable energy in the national power mix, targeting a substantial contribution from clean energy sources by 2050.
Energy security and infrastructure development remain central pillars of the country's medium- and long-term economic strategy, with authorities emphasising their role in sustaining growth, supporting industrial productivity, and ensuring a stable energy future.
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