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Cambodia: LPG Consumption Growth At 23%

Cambodia: LPG Consumption Growth At 23%

One of the fastest growing countries in the world with an average growth of more than 7%, Cambodia is gradually converting itself from being one of the least developed countries to one of the briskest growing economies in the region.

Driven by both the Cooking Gas and Autogas market in the country, the current LPG consumption in Cambodia is between 160,000MT to 180,000MT per annum.LPG consumption grew at rapid rate of 23% in 2017, as per Cambodia's government figure.

High growth for LPG is coming from the commercial and industrial sectors, apart from the residential consumptions of LPG in Cambodia that is experiencing steady growth. With many infrastructure projects such as hotels, shopping malls and integrated resorts coming online and boosting the commercial usage of LPG, rapid growth is coming from the commercial sectors.

Enabling further growth in the market is the sizable Autogas market and a good distribution network. The Autogas industry got a boost in 2016when private hire company, EZGO, started rolling out AutoGasTukTuk (three-wheelers from India). The number of private hire vehicles running on LPG is projected to fuse the investment among the Autogas distribution network, which in turn will blend the growth in consumption, since the country is facing strong economic growth and a tourism boom. Source: Oil Voice PWKD08102018

Last modified onMonday, 08 October 2018 04:54
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