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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 in appropriate 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.