The new Bangladeshi government is moving to reduce its reliance on expensive foreign fuel imports by prioritizing domestic gas production and a rapid expansion of renewable energy. According to the authors of the newly released report, the administration plans to pivot away from liquefied natural gas (LNG) in favor of local resources to ensure energy security and protect the national economy from volatile global prices.
The report states that the newly elected government “has signaled it may seek to shift the country away from imported fuels like LNG” and instead aims to “advance the country’s domestic gas production by developing offshore blocks and strengthening partnerships with foreign firms.”
This strategy marks a shift away from buying specialized super-chilled gas from overseas, which has recently become prohibitively expensive for the country. By focusing on drilling for its own gas in the ocean and increasing the share of solar and wind power, the government hopes to create a more stable and affordable energy supply that does not depend on the unpredictable international market.
The briefing ‘Southern Asia’s gas plans may be overblown’ was released by Global Energy Monitor in March 2026. Prepared by authors Robert Rozansky and Julie Joly, the report analyzes how geopolitical shocks and falling renewable costs are undermining ambitious gas infrastructure projects across India, Pakistan, and Bangladesh.
