Author: Ashwin Kanhye [ The Morning ], 14th of May 2010
Mauritius intends to increase its gas storage capacity in the coming years. Currently it can store 5000 tonnes in the near future, the island can store in 15 000. These additional 10 000 tonnes will be for export in the countries of the region.
Petredec Limited plans to invest in the country to increase this capacity. To do this, the company will invest one billion in the storage structures, and wants to do in partnership with the State Trading Corporation (STC) and other private companies. The work will be required Red Sea and made last year and a half. Petredec Limited, Bermuda, is an international shipowners and traders of liquefied petroleum gas (LPG), whose offices are located in strategic locations worldwide. In addition to LPG, the transport of chemicals and olefin gases are part of the chemical company. The fleet expansion Petredec enables it to provide maritime services to a growing number of industry producers pétrolochimique.
Society initially focused most of its trading activities and navigation in small boats (2 000 to 15 000 cubic meters) of the gas market. She then cemented his reputation as a reliable operator and flexible to support an extensive list of suppliers and receivers of the North-West Europe, Mediterranean, Africa and the Atlantic Basin . In the early 90s, the company opened an office in Barbados in order to expand the activities of the LPG business in the Caribbean and Central America. With the expansion of European business and the successful opening of office in Barbados, and the constant enlargement of its fleet of gas carriers, the company opened the Singapore office in 1994 to develop growing markets east of the Suez Canal. The office in Singapore who made his fortune in him creating new opportunities, including a number of major contracts in the Middle East and Far East, the company made its entry into the 'Big Ship' market, with impressive growth the Very Large Gas Carrier (VLGC). Then follows the acquisition of vessels of adequate size to get the goods. This growth was translated for the transport company by over 12% of all exports of LPG in the Persian Gulf in 2006.
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