South Africa to build EUR 114.8mn LPG storage plant by end-2014.

By bne IntelliNews July 2, 2012
South Africa plans to build a ZAR 1.2bn (EUR 114.8mn) liquefied petroleum gas (LPG) storage facility, which will be the biggest in the country, Reuters reported. The project is aimed at reducing LPG shortages that regularly hit South Africa. Construction is scheduled to start at the beginning of 2012 and to become operational in December 2014, Barthlo Harmse, project director of Sunrise Energy told Reuters. Sunrise Energy, a joint venture between engineering and construction group Ilitha Group and South Africas state-owned development finance institution Industrial Development Corporation (IDC), is developing the LPG facility on the countrys west coast. The facility will be supplied by imports from the Middle East, Gulf of Guinea and Angola.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss