The oil and gas sector is crucial for Bangladesh’s energy needs, with natural gas being the primary source of electricity and industrial fuel. The country has several gas fields, but domestic production is struggling to meet growing demand. Dependence on imports, lack of exploration, and inefficient energy use create challenges. Additionally, poor infrastructure and environmental concerns related to extraction and usage impact sustainability.
Solutions
To strengthen the sector, Bangladesh must invest in advanced exploration technologies, improve refining capacity, and diversify energy sources. Encouraging foreign investments and public-private partnerships can enhance efficiency. Expanding renewable energy alternatives, such as solar and wind, can reduce dependence on fossil fuels. Strengthening regulatory policies and improving energy conservation can ensure long-term energy security.
