Promoting LPG is a major strategy of the Myanmar government towards energy resilience. By reducing the usage of electricity for cooking, the country can then direct the scarce electricity resources to other more economically productive activities.
Recent moves by the Myanmar government to regulate the industry resulted in more than 700 companies already being awarded licenses with many more applications still pending approval. With a proper licensing system in place, the government is able to more effectively control and deal with any form of malpractices within the industry. This greatly helps to redirect more consumers to use LPG for cooking.
With both licensing and regulation in place, and a continual 20% growth in consumption in 2017, Myanmar’s LPG industry progresses with immense opportunities for all within the value chain. This emerging market is drawing investors both locally and internationally, thirsty for equipment and machinery.
Besides LPG for cooking usage, the Myanmar government has also been exploring the possibility of alternative usage of LPG such as Autogas and small scale power generation. LPG for power generation in particular, is gaining much traction in Myanmar. Growth is likely to be in the range of 30% per annum.
With full endorsement from the Myanmar’s Ministry of Energy, and international support and endorsement from the LP Gas Center (Japan), LPG Myanmar 2018 will be held on the 5 – 7 June 2018 at the Sedona Hotel, Yangon.
Drawing on last year success, this year’s event is likely to attract more than 1,000 participants both locally and from overseas to participate. If you are looking to explore and venture into this market, this is an event that you cannot miss. Please contact our dedicated sales representatives at email@example.com to find out more on how this event can be your company’s vehicle to penetrate this last big untapped market in Asia.
Please download our event brochure here.