Inside Bangladesh LPG Market
Jamuna teams up with Bashundhara LP Gas to increase auto gas sales
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.
LPG growing in demand
Gone are the days when cooking meals twice a day used to take a toll on Nasrin Akter.
“LPG infrastructure in Bangladesh is over-invested”
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 number of LPG operator licenses should be limited”
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.
“Bangladesh is oversupplying local LPG-related products”
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.
“Many operators are compromising safety and quality measures”
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.
“Autogas will replace CNG and octane”
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.
Are we using LPG safely?
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.
LPG industry in a tough spot
The market of liquefied petroleum gas (LPG) is facing a bizarre dilemma.