New joint venture will enhance Autogas refuelling solutions in Bangladesh
A new joint venture started its journey to meet the growing demand for liquefied petroleum gas in Bangladesh, including in the automotive sector. Regarding Autogas, the joint project will focus on the construction, operation and management of LPG refuelling stations.
Omera Gas One Ltd, the joint venture between Omera Petroleum of Bangladesh and Saisan Co of Japan, will provide large-scale LPG engineering solutions and supply LPG.
“The demand for LPG is soaring. Omera Gas One will meet the demand through the construction of LPG infrastructure and Autogas stations,” Toshiyuki Shimbori, chief executive officer of Omera Gas One, said at the launch of the company in Dhaka.
The launching event was attended by Nazimuddin Chowdhury, secretary of the energy and mineral resources division, and Masato Watanabe, Ambassador of Japan in Bangladesh.
Omera Petroleum is one of the leading LPG operators in Bangladesh. Having a state-of-the-art import terminal in Mongla, and satellite filling stations in Mongla, Ghorashal, Bogra and Mirsarai, Omera Petroleum imports and markets LPG across the country.
Saisan Co, established in 1945, is one of the major LPG distributors in Japan. It has business in Mongolia, Vietnam, Indonesia, Cambodia and Australia.
This is the first Japan-Bangladesh joint-venture in the petroleum sector of Bangladesh, and aims at fostering massive technology transfer, technical training and trade relations between each nation, but mainly transforming the automotive landscape of Bangladesh.
In addition to the construction and operation of refuelling stations, the new company will supply Autogas conversion kits.