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Among the developing countries Justin Faulk Youth Jersey , the economy of Bangladesh is growing at a rapid pace with a growth rate of 7.2%. LPG tank manufacturers are in demand to push the LPG demand in the demand for LPG has increased at an exponential rate of 60%. The reason for this sudden rise is the suspension of natural gas connections in the country. But along with opportunities there are numerous challenges for the LPG market in Bangladesh.

Challenges in the LPG market in Bangladesh:


At the moment, Bangladesh has a LPG supply capacity of 4,00,00 MTyear which is way less than its enormous demand of 1.5 million MTyear. In the next five years Calvin De Haan Premier Jersey , experts estimate a 400% growth in the LPG sector in Bangladesh. Although there are government initiatives to support the LPG industry, the biggest challenge to the LPG market is that the supply cannot keep pace with the demand in the industry. It will take time for investors in the LPG space to set up the infrastructure and reach out to all the areas where there is demand. A plan for LPG tank installation, LPG filling stations installation,LPG bottling plant Dougie Hamilton Premier Jersey , LPG service lines and other details to transition from CNG to LPG is necessary for carefully tackling the challenges faced by the LPG market in Bangladesh.


Opportunities in the LPG market in Bangladesh:


Initially, the Bangladesh government served its people with CNG which also included import of fuel to meet the demand in the country. But now natural gas has become scarce and costly. It will be completely depleted by 2022-2023 if new gas supply capacity isn鈥檛 added to meet the increasing demand for fuel. In the recent years, in view of the growing energy concerns, the regulatory authorities of Bangladesh took decisions to promote LPG consumption in the country.


According to an industry report Justin Faulk Premier Jersey , the energy division of Bangladesh estimates a gas demand of 8,000 MMCFD by 2041. Hotels and restaurants are one of the major energy usage sectors in Bangladesh. CNG will not be available for long for this sector as well as other commercial use sectors such as agriculture, lighting, metal and more. LPG will be the ideal clean alternative for catering to energy demand for commercial applications.


Some of reasons that have led to opportunities in the LPG sector are as follows