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Upending the Natural Gas Market in Bangladesh

Abstract

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.

LightCastle Partners

LightCastle Partners (LCP) has dedicated capabilities to provide top of the line collaborative opportunities. We have developed service suites to best work together with our clients. Data is our best friend and we want it to be yours too. Ranging from data collection to analysis to solution implementation to tracking progress – we provide the complete value chain of expert services to help you chart your unique impact story.

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