Projecting Bangladesh's Energy Future: Forecasting Gas, Electricity, and Consumption Trends to 2030
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Abstract
Energy is highly crucial for the economic development of developing countries like Bangladesh. With growing industries, urbanization, and enhancement in the living standard, the demand for energy is persistently rising. The energy sector in Bangladesh has traditionally relied much on natural gas as the primary source for meeting its energy needs in power generation and other allied activities. As the country aspires to progress and develop further, there arises an urgent need for secured energy supplies. Forecasting energy trends in production and consumption is central to good policymaking, infrastructural planning, and investment in energy resources. This research draws on the supply and consumption trends of energy in Bangladesh for the period of 2016 to 2023 and extends a vision to 2030. This research uses the ARIMA model for the prediction of natural gas production, electricity production, and total energy consumption. The research fathoms that gas production would not rise significantly when electricity production is at a good stride due to industrialization and urbanization. The studies have shown that huge investments will be required in energy infrastructure, diversification of resources, and renewable energy plans to meet future requirements.
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Publication Details
- Type of Publication: Conference
- Conference Name: 8th International Conference on Engineering Research, Innovation and Education (ICERIE 2025)
- Date of Conference: 24/04/2025 - 24/04/2025
- Venue: Shahjalal University of Science and Technology (SUST), University Ave, Kumargaon, Sylhet 3114, Bangladesh
- Organizer: School of Applied Sciences & Technology, Shahjalal University of Science and Technology