The Singapore-headquartered LPG specialist. said it has signed a memorandum of understanding with an undisclosed international terminal operator under which the operator would build and lease storage facilities to Petredec with storage of a minimum of 20,000 metric tonnes in Richards Bay and 5,000 metric tonnes in Johannesburg.
“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,” said Giles Fearn ceo of Petradec.
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