A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) suggests that implementing measures to improve energy efficiency could save Bangladesh an estimated US$460 million annually in liquefied natural gas (LNG) imports, while also reducing its dependency on expensive imports.
Examining the nation’s challenges with imported LNG, exacerbated by global fuel price shocks and domestic economic issues, the report emphasizes the need to break away from this reliance to avoid economic strain.
By replacing outdated and inefficient generators with more efficient models and utilizing waste heat for other applications, Bangladesh could decrease LNG demand by 21%, resulting in significant savings. Despite requiring upfront investment, these measures offer a quick return on investment, with payback periods ranging from 1.5 to five years.
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