Taleveras has become the first African Independent Gas Trading company to secure a term deal with a Mont Belvieu-based LPG facility for the export of Liquefied Petroleum Gas starting 1st Quarter 2021. According to market sources and advisors on the deal, the propane and Butane will be exported in VLGC volumes.
US cargoes are mainly propane-heavy with butane normally making up 20% of the volume. US exports can also comprise evenly split cargoes or 33,000mt of propane and 11,000mt of butane.
This news report comes at a time when distortion in supply and distribution dynamics are pushing propane industry leaders to ponder the potential impacts on marketers ability to serve customers reliably this winter.
LPG has become a critical driver of Taleveras’ ambitious growth plans – as well as alternative energy. According to news reports by Bloomberg, Taleveras is venturing into biofuels, and has joined a growing list of leading global trading firms increasing their presence in the liquefied natural gas market – raising its delivery volumes by almost 30% year on year. An energy analyst in London said “Taleveras, which only recently started trading LNG, is already cornering significant market share and is making its weight felt in Click here to read entire article
Source:: Ventures Africa