By Staff Reporter
Corridor Gas and Oil Terminal (Pty) Ltd says the ground-breaking ceremony for a liquefied petroleum gas (LPG) terminal at the port of Lüderitz should take place in January next year.
Corridor Gas and Oil Terminal (Corridor) was established in 2011 as a joint venture between Ehalo Investment Holdings (Pty) Ltd (a Namibian-based company) and Pula International (Pty) Ltd (a Botswana-based company). The terminal is seen as a joint venture between the Botswana and Namibian companies and technical partner, Emirates National Oil Company (ENOC), from Dubai.
Corridor and partners intend to supply the Southern Africa market with LPG after identifying serious shortfalls in the Southern Africa supply chain. An independent company was contracted to do a regional market study, which Corridor says proved the viability of the project. “The objective of the partnership is to construct a new LPG storage along with handling and distribution facilities at Lüderitz. This project involves bulk LPG storage with a working capacity of 3 000 metric tons and associated product handling systems,” explained Leevi J Tshoopara, a director at Corridor.
The proposed site at Lüderitz will give access to the South African market, with a shorter distance to Cape Town, Johannesburg, Gaborone (Botswana), Zambia and Zimbabwe. This site is further supported by the construction of a distribution hub network throughout the targeted countries.
According to Tshoopara the distribution hubs and local partners for hubs have already been identified. “Distributors in the targeted markets have been identified and the competitiveness of pricing will also attract other companies currently trading in LPG industry,” remarked Tshoopara.