Bangladesh's Development Independent Review
Independent Review of
RBD
Bangladesh's Development
Power and energy
☐ Global energy market has experienced a rise in prices in 2022 mainly due to post-
Covid economic recovery followed by sanctions over Russian oil in view of
Ukraine war
➤ Given the uncertainty in future trends in war, the price of energy is likely to reduce at a
slower pace in the coming months of 2022 which would continue in 2023
A considerable time would be required for stabilisation in global energy price - a warning
for Bangladesh!
Price of Energy in Global Market: Current and Projected
Crude oil price, avg ($/bbl)
Coal price, South Africa ($/mt)
Projected Price, Crude oil, coal
150.00
300.0
110.0
450.00
100.0
250.0
100.00
90.0
200.0
250.00
80.0
50.00
150.0
70.0
0.00
50.00
100.0
60.0
M01 M02 M03 M04 M05 M06
M01 M02 M03 M04 M05 M06
2022f
2023f
2021
2022
2021
2022
Coal, Australia
2024f
Crude oil, Brent
Natural gas price, Europe
($/mmbtu)
LNG price, Japan ($/mmbtu)
40.0
Projected Price, Gas
30.00
60.00
40.00
20.00
0.00
20.00
10.00
20.0
M01 M02 M03 M04 M05 M06
2021
Source: World Bank, Pink Sheet
2022
0.00
M01 M02 M03 M04 M05 M06
2021
2022
CPD (2022): Recent Challenges Facing the Bangladesh Economy: A Brief Overview
2024f
2022f
2023f
Natural gas, Europe
Liquefied natural gas, Japan
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