Evaluating the Energy and Mineral Resources Prospect and Future Development in Bangladesh: A Review (original) (raw)

Bangladesh, a south Asian country, has been referred to as Asia's emerging tiger because to its GPD increase during the previous five years. Bangladesh has maintained 6.5% GDP growth in the previous few years, with the exception of 2020, due to the covid scenario. Bangladesh's government intends to be designated a high-income country by the World Bank by 2041. Effective assessment of energy and mineral resources, policy, and effective resource diversification are required to fulfil growing energy demand and achieve the nation's objective of 2041. Natural gas which supports 60% of commercial energy can be support 10 to 12 years by it exiting gas reserve. In 2041, the demand for NG will be 5868 mmscfd, while imported LNG delivering the majority of assistance. Bangladesh's government has initiated a few measures to explore for oil and gas offshore, as well as constructing an LNG facility to receive imported LNG. Bangladesh takes the initiative to build a dirty fuel-based power station (coal-based plant) with coal from the country's five coal fields as well as imported coal. Bangladesh possesses a significant quantity of minerals due to its distinct geological environment, including limestone, hardrock, glass sand, construction sand, white clay, brick clay, peat and beach sand. Repetitive policies, effective resource allocation, R&D, and public-private partnerships are essential for Bangladesh to achieve the Sustainable Development Goals (SDGs), particularly Goal 7. The review focused on energy and mineral resource reserves, as well as problems for future development plans in Bangladesh.