https://www.engineeringnews.co.za

Petredec enters into local LPG storage-facility MoU

7th March 2014

By: Leandi Kolver

Creamer Media Deputy Editor

  

Font size: - +

Liquefied petroleum gas (LPG) supplier Petredec has entered into a memorandum of understanding (MoU) with a leading terminal operator comprising the construction and leasing of LPG storage facilities in Richards Bay, KwaZulu-Natal, and Johannesburg, in Gauteng.

Subject to a final contract and the fulfilment of conditions precedent, the operator would build and lease storage facilities to Petredec encompassing a minimum of 20 000 t in Richards Bay and 5 000 t in Johannesburg.

The facility in Richards Bay would also included bonded storage and was expected to supply other ports in South Africa as well as seaborne exports to contiguous nations.

“Petredec currently supplies the majority of South Africa’s imported LPG and with these facilities we will be able to bring in larger ships and deliver larger cargoes, which is more efficient and, thus, should result in more competitively priced imported gas,” Petredec CE Giles Fearn said.

He added that the facilities would also enable the company to assist South Africa in avoiding the LPG shortages that had occurred in recent years during cold winters and refinery shutdowns.

“We are committed to assist Southern Africa [secure] ready access to adequate and competitively priced energy,” Fearn concluded.

Edited by Tracy Klückow
Creamer Media Contributing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Aluminium Federation of South Africa
Aluminium Federation of South Africa

The Aluminium Federation of South Africa (AFSA), is the voice of the South African aluminium industry.

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.059 1.063s - 122pq - 2rq
Subscribe Now