Strategies undertaken by Elite Petrochemical Company in LPG industry

Myanmar has many opportunities for foreign investors both in downstream and upstream sectors of the oil and gas industry. For many years a significant number of firms were not open to foreign investment.However, upon the new government's entry, rules have been changed, allowing foreign investors to engage in distribution and retail businesses in the oil industry. In May 2016, the government announced plans to change the licensing system for the Myanmar oil and gas suppliers. Since then, the government has issued more than 200 licenses to various LPG suppliers. Elite petrochemical is one of the suppliers who got an opportunity to start oil and gas operations in 2015.

Since then, the Elite petrochemical company has taken a rapid response in meeting Myanmar state's energy demands. Partnerships have attributed the move by Elite with foreign investors. With the completion of its special economic zone in Thilawa, stakeholders believe that they will meet LPG's rising demand in Myanmar. Apart from this terminal, Elite petrochemical has also invested in stable and proper import facilities such as jetties and filling stations so that it sells products at fair prices.

Since 2018, Elite petrochemical has been supplying customers in Yangon city with LPG. With this company, you are assured of exceptional customer services—elite petrochemical supplies high-quality products, including LPG. However, there are a lot of challenges facing the LPG industry. First, no laws are governing oil and gas, but LPG businesses in Myanmar can be more efficient if the government can impose appropriate regulations. Secondly, many households, especially in rural areas, still use charcoal and wood. Consequently, Elite petrochemical has taken initiatives of educating the local people on why they are supposed to use LPG as an alternative source of energy. Despite that, you can contact Elite experts to know more information about the Myanmar LPG products you need.