State-run listed company Jamuna Oil has teamed up with Bashundhara LP Gas Ltd to increase the sales of liquefied petroleum gas (LPG) around the country.
Gone are the days when cooking meals twice a day used to take a toll on Nasrin Akter.
The government’s decision to keep its reserve of natural gas at a sustainable level and rapid urbanisation in the country paved the way for a robust increase in LPG consumption. We can expect the LPG industry to grow exponentially in the future.
The LPG industry of Bangladesh is quite progressive. The first-generation LPG started in the late 90s, the second generation started in around 2004-05 and the third generation came in 2014-15 and onwards, when the government decided to stop supply of natural gas in households.
The LPG industry had tremendous growth in the last four to five years. In 2013, the industry produced 80,000 tonnes of LPG. This year, the industry reached one million tonnes.
Due to our growth in GDP, consumption has increased, which has led to energy requirements going up. There is also a diminishing trend of natural gas, which is used in households. These two factors have contributed to the rising demand for LPG. Importing LNG is an expensive process, so LPG will be used as cooking fuel, and once the infrastructure is built, also as an automotive fuel.
LPG in Bangladesh is a booming sector. The demand is increasing in industrial, commercial and household sectors. Autogas sector will come soon, in both rural and urban areas.
While the use of LPG is growing exponentially in Bangladesh, it is now more important than ever to handle this flammable product safely. Portable and refillable cylinders of different sizes are designed for household, commercial or industrial settings. Flawed use and lack of maintenance of these cylinders often cause explosion taking severe toll on life and property.
The market of liquefied petroleum gas (LPG) is facing a bizarre dilemma.
