Speakers at a seminar have said that many industries can now use liquefied petroleum gas (LPG) as a reliable energy solution to meet their needs in the nagging gas crisis.
“The price of LPG is flexible and reasonable. If there is some policy support, operators are ready to take the challenge in this regard,” said Azam J Chowdhury, president of LPG Operators Association of Bangladesh (Loab).
The Hydrocarbon Unit, a subordinate body of the Energy and Mineral Resources Division organized the virtual seminar on Monday titled: LPG: An Alternate Energy Solution for Industrial Segment in Bangladesh.
The Loab president said that if the country wants to keep the persistent 7 percent GDP growth, it must promote the LPG to grow its use in industrial and other sectors too as the natural gas alone cannot meet the growing demand.
“We’ve been providing LPG to different industries which have been suffering for the gas crisis. Now, the demand for LPG is growing at 30-40 percent” he added.
He said the LPG sector needs some policy support to overcome its challenges.
A huge quantity of LPG is transported through river routes where navigation is essential while there must be some cut in taxes and stop allowing industries to collect gas from CNG stations in a risky way, he said.
He said setting up a dedicated deep sea port for LPG import should be top of the agenda to ensure a consistent supply of this petroleum fuel at a reduced cost as the current transport cost is so high.
“The operator cannot import LPG through large vessels over a capacity of 5000 metric tons due to the absence of a dedicated deep sea port,” he said.
Secretary of the Energy and Mineral Resources Division Mahbub Hossain, additional secretary Humayun Kabir, head of marketing of Bashundhara LPG, and CEO of Omera Petroleum Tamzeem Chowdhury spoke on the occasion while Director General of Hydrocarbon Unit Abul Khayer Md. Aminur Rahman moderated the event.
Jakaria Jalal said LPG can be suited for some specific industries depending on the design and its energy consumption.
He said there should be a unified pricing formula for all the available primary options including LPG, LNG and other liquid petroleum.
If the prices of all energy options are variable, then LPG will be much more sustainable, he added.