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Upending the Natural Gas Market in Bangladesh

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LightCastle Analytics Wing
May 16, 2019
Upending the Natural Gas Market in Bangladesh

Bangladesh 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 sustaining future growth. Growing secondary and tertiary sectors have increased 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 the expensive Liquefied Natural Gas (LNG); while supporting the development of Liquefied Petroleum Gas (LPG) sector through investment-friendly policies.

To learn more about the Natural Gas Market in Bangladesh, Document download full report

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WRITTEN BY: LightCastle Analytics Wing

LightCastle Analytics Wing is the research division of LightCastle Partners. It is tasked with producing periodic reports on the different sectors of the economy, analyzing trends in markets and making methodical, thorough and intelligent analysis to improve strategy and drive business growth.

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