A Japanese gas product vendor is tapping into the Nepali market as part of efforts to expand business in Asia, cashing in on growing energy demand in the Himalayan state, which is still recovering from a devastating earthquake three years ago.
Saisan Co., a distributor of liquefied petroleum gas, or LPG, has formed Gas One Nepal Pvt., a joint venture with a local partner, becoming the first foreign participant in Nepal's LPG market besides firms from neighboring India.
At present, a total of 58 firms are providing LPG in Nepal, where firewood remains the main fuel resource. Demand for LPG is growing sharply as it can ensure a more stable supply compared to wood and will not cause air pollution.