Skip to main content

Posts

Showing posts with the label LPG

Chevrons Plans to Set up LPG Plant at Bibiyana

International oil kingpin Chevron is interested to set up an LPG bottling plant in Bibiyana Gas Field area of Bangladesh. The Director (External Affairs) of Chevron Bangladesh, Mr Naser Ahmed, said that they have already sent a draft proposal to the Energy Division of the government. The proposal is currently awaiting approval. Mr Muhammad Imaduddin, Director (PSC) of Petrobangla expressed his enthusiasm about the initiative of Chevron. He said that they are currently discussing whether the project would be categorized under Product Sharing Contract or should it fall entirely under private sector. As a growing country the demand of LPG is massive in Bangladesh. Report show that 20,000 tonnes of cooking gas is produced domestically per year and another 80,000 tonnes are imported by private sector. Industry investors say that the annual demand in Bangladesh is approximately 500,000 per year. The demand for LPG in Bangladesh is increasing very fast due to a recent government ordinance ...