The use of energy at both households and industries will undergo a major shift in the next decade as Bangladesh is increasingly making liquefied petroleum gas (LPG) widely available, LPG facility providers said.
The demand for LPG is growing exponentially in the country. It needs about 600,000 tonnes of LPG to meet the current demand, which is projected to be more than 1,400,000 tonnes by 2022.
The rising energy demand and the projected shortage of natural gas are bolstering the growth of LPG use at both household and industry levels.
“The market players in Bangladesh have realized that the use of energy is changing as the government liberalized the business for the private sector to fulfill the growing demand,” said a top executive of an engineering and procurement services company of France.
He was taking to a media on the closing day of a two-day South Asian LPG Summit-2019 at the International Convention City Bashundhara in Dhaka recently.
He said semi-urban and rural households have already moved away from traditional fuels such as wood and teak and are adopting LPG rapidly. “So, a good opportunity has been created to help Bangladesh companies set up LPG stations and different types of facilities,” he said.
