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Prospects of Liquefied Gas in Bangladesh Economy as a Move towards Fuel Diversification

Author

Listed:
  • Muntasir Murshed

    (MS in Economics, School of Business and Economics, North South University, Bangladesh)

  • Sakib Bin Amin

    (Assistant Professor, School of Business and Economics, North South University, Bangladesh)

Abstract

Traditional dependence on fossil fuel has led to the Economy of Bangladesh being confined to energy shortages, marginalizing the development prospects of this energy South Asian economy. The country has also relied heavily on its indigenous supply of natural gas particularly for electricity generation purposes. However, following the inappropriate subsidized pricing of natural gas in the country has led to over-exploitation of this resource and together with technical inefficiencies holding back new natural gas field discovery has pushed the nation towards running out of this energy resource by 2031. Thus, the aim of this paper is to discuss the prospects of liquefied gaseous use in Bangladesh, especially in the form of LNG and LPG, as a strategy to embrace fuel diversification within the Bangladesh economy in order to relieve the existing pressure on natural gas demand.

Suggested Citation

  • Muntasir Murshed & Sakib Bin Amin, 2018. "Prospects of Liquefied Gas in Bangladesh Economy as a Move towards Fuel Diversification," Energy Economics Letters, Asian Economic and Social Society, vol. 5(1), pages 1-11, March.
  • Handle: RePEc:asi:eneclt:2018:p:1-11
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    References listed on IDEAS

    as
    1. Muntasir Murshed, 2018. "Does Improvement in Trade Openness Facilitate Renewable Energy Transition? Evidence from Selected South Asian Economies," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 19(2), pages 151-170, September.
    2. Dr. Sakib Bin Amin Author-Name: Muntasir Murshed, 2017. "An Empirical Analysis Of Multivariate Causality Between Electricity Consumption, Economic Growth And Foreign Aid: Evidence From Bangladesh," Journal of Developing Areas, Tennessee State University, College of Business, vol. 51(2), pages 369-380, April-Jun.
    3. World Bank, 2016. "World Development Indicators 2016," World Bank Publications, The World Bank, number 23969, May.
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    More about this item

    Keywords

    Renewable energy; Liquefied natural gas; Liquefied petroleum gas; Bangladesh; Electricity; Energy diversification.;

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • P18 - Economic Systems - - Capitalist Systems - - - Energy; Environment
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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