Intraco Refueling Station has signed a groundbreaking agreement with Sundarban Gas Company to supply compressed natural gas (CNG) from Bhola to industries in Dhaka and its surrounding areas. This marks the first-ever agreement in Bangladesh where a private sector company will compress the state’s natural gas and distribute it to end consumers. Initially, Intraco will supply approximately 5.0 million cubic feet per day (mmcfd) of gas to address the gas shortage faced by factories, particularly in Gazipur and neighboring regions with low piped gas pressure. Over the course of the 10-year agreement, the gas supply can be increased to up to 25 mmcfd. Consumers will purchase Intraco gas at the government-fixed rate of Tk 47.60 per Mcf. Intraco Refueling Station will have a profit margin of around Tk 30.50 per Mcf as it procures Bhola gas from the government at Tk 17 per Mcf. This innovative solution is expected to boost overall gas output and help alleviate the gas crisis in the country.
Intraco Signs Deal with Sundarban to Supply Gas to Factories
Industry: Energy & Power
Company: INTRACO Refueling Stations Limited, Sundarban Gas Company Limited
Company Intelligence Tag: Partnership Insights
Source for more details: