Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Petredec in South Africa LPG terminal deal

Petredec in South Africa LPG terminal deal
Petredec has inked an agreement to lease LPG storage facilities in South Africa.

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.