Bangladesh’s economy has expanded by a remarkable 7.86% to USD 275.8 billion in 2018 compared to 2017, resulting from strong private consumption, public investments, and remittance inflows. Rising prosperity has brought forth a multitude of structural challenges for sustainable future growth. Growing secondary and tertiary sectors have increased the appetite for resources critical for fueling future growth. Infrastructural deficiencies, however, remain key bottlenecks to achieving sustainable growth, compounded by the gradually depleting domestic natural gas supply.
Taking into account the growing demand for energy from both industrial and residential users, the government has no option but to ration natural gas. As a short to medium-term solution, the government has started importing expensive Liquefied Natural Gas (LNG); while supporting the development of Liquefied Petroleum Gas (LPG) sector through investment-friendly policies.
|If you are interested to learn more about the Natural Gas Market in Bangladesh
Stay up-to-date with our Thought Leadership and Insights