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East would materially impact fuel and fertiliser supplies, with the poorest households hardest hit.

The original Energy Sector Security Enhancement Project, worth $350 million, was approved by the World Bank Board on June 18, 2025, and is scheduled to run until December 31, 2031.

Jean Pesme, WB division director for Bangladesh and Bhutan, said the conflict in the Middle East has pushed up LNG prices and disrupted supply.

“As a net fuel and gas importing country, Bangladesh faces significant fiscal pressure to maintain its energy security and keep its economy running.

“As part of our broader dialogue with the authorities on energy and the response to the impacts of the war, the World Bank is stepping up its support to help Bangladesh maintain a stable supply of LNG imports, which is critical for protecting the economy and people from costly energy disruptions.”

By ensuring access to more reliable gas supplies, the additional financing will support electricity generation, industrial activity, and job creation, he added.

Olayinka Edebiri, WB senior energy expert and task team leader of the project, said gas is a cheaper and less emissions-intensive energy source compared to other fuels, and undisrupted LNG supply provides the foundation for energy security in Bangladesh.

“It will also help generate fiscal savings by reducing dependence on more expensive liquid fuels,” he said.