November 17, 2022, Tuticorin, India: SHV Energy has expanded its cryogenic LPG storage terminal facility in Tuticorin, India. The expansion ensures LPG supply to the Indian market, primarily through SHV Energy’s Indian subsidiary SUPERGAS. SHV Energy’s Singapore-based trading unit S&RM (Supply & Research Management) will also supply third parties via the Tuticorin terminal.
The facility, which is situated at the port, will expand from 8,500 metric tonnes to 38,500 metric tonnes, representing an investment of about INR 500 Cr. The terminal expansion was inaugurated today in the presence of Mr Bram Gräber, CEO of SHV Energy and Mr Santanu Guha, CEO of SUPERGAS. Mr Bram Gräber, who is a member of the World LPG Association (WLPGA) Board of Directors, was also present at the World LPG Week 2022, being held this week in New Delhi.
Speaking to media on the expansion, Mr Bram said: “Our strategy for expanding this terminal is to ensure that our customers in Tamil Nadu have easy and affordable access to LPG.
This expansion will allow us to offer government-run oil companies both the LPG and the storage facilities they need, thereby optimising logistics and strengthening the overall LPG landscape in India.”
Further adding: “LPG will help to accelerate India’s long-term energy needs and will support the country’s transition away from more polluting fuels, such as coal and oil.”
“LPG is not only a cleaner fuel than many existing alternatives, it’s also much more accessible in
India and can more easily reach areas that natural gas cannot reach,” said Mr Santanu Guha, CEO of SUPERGAS. “LPG also has many important applications, from being used as a cooking gas, to transport and increasingly used in Industry. We look forward to further deregulation of the market to ensure increased investment in LPG infrastructure in support of India’s long-term energy needs,” said Mr Santanu.
About SUPERGAS
SHV Energy Private Limited, a 100% subsidiary of the Dutch multinational SHV Energy N.V., was established in India in 1996 under the brand name SUPERGAS, building a reputation as the leading LPG player. With pan-Indian presence, SUPERGAS has access to 7 import terminals, 20 filling plants and an intricate network of franchisees and auto LPG stations serving domestic, commercial, industrial and auto fuel segments. Since its inception, SUPERGAS has retained the coveted CRISIL Rating No.1 for its infrastructure, technical
About SHV Energy
SHV Energy is a leading global distributor of off-grid energy, such as LPG and LNG, and is active in sustainable fuels and renewable energy solutions. SHV Energy enables its customers to switch from heating oil and solid fuels to cleaner fuels resulting in a lower carbon impact and improved air quality. SHV Energy is a wholly owned subsidiary of SHV, a family-owned multinational, and consists
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