Petredec Elpiji Limited is the third largest operator engaged in down-streaming Liquefied Petroleum Gas (LPG) in Bangladesh.

“We see tremendous potential for expanding LPG as a domestic and commercial energy source in Bangladesh,” W.K.H. Wegapitiya, the Group Chairman of LAUGFS said in a statement.

Wegapitiya last week sent his letter of resignation as a member of Sri Lanka Telecom director board.