Dhaka, July 24 -- Bangladesh's oil and gas sector is undergoing a pivotal transformation as the country strives to maintain energy security and reduce import dependence amidst growing consumption and declining domestic gas production.

A comprehensive new market report titled "Bangladesh Oil and Gas Strategic Analysis and Outlook to 2032" published on Wednesday provides a detailed evaluation of the sector's current state, key developments, and long-term prospects, underscoring the government's multi-pronged approach to securing the energy future.

Natural gas still remains the dominant primary energy source in Bangladesh, accounting for more than 60 per cent of the national energy mix.

The country has historically relied on domestic gas ...