Puma Energy Buys LPG Terminal in Benin

Puma Energy Buys LPG Terminal in Benin

Puma Energy International  said it has completed the acquisition of 100% of the issued share capital of Soagel SA.

Soagel owns a newly built 5000m3 liquefied petroleum gas (LPG) terminal in the port of Cotonou, Benin.

This new acquisition will be named Puma Energy Benin SA. It is an important step in the development of Puma Energy and marks Puma’s entry into LPG in Africa in addition to adding a new market and 17 staff to Puma’s fast-growing African presence.

Puma believes that this LPG terminal will become a key asset to provide Benin and neighbouring landlocked countries with the security of supply for LPG.

Commenting on the acquisition, Puma Energy’s head of Africa Christophe Zyde said, “This acquisition is a new milestone for Puma Energy as it marks the company’s growth into LPG. Puma Energy is excited by this transaction and we hope to develop our Benin business quickly”.

“Puma is looking to offer our Benin customers value-for-money, to exceed their expectations and build long-term partnerships. Our growth here is yet another confirmation of Puma’s commitment to Africa in general. We also look forward to working closely with Societe Nationale De Commercialsation Des Produits Petroliers (“SONACOP”)” added Daniel Duffau, Acting General Manager for Puma Energy Ivory Coast, Ghana and Benin.

LNG World News Staff, April 19, 2012; Image: Puma Energy

Share this article

Follow LNG World News

Events>

<< Feb 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 1 2 3 4 5

CIMPC 2017

The 2017 Chine International Marine Corrosion & Protection Technology and Innovation and Application Development Forum will be held in March in Shanghai, China.

The Forum will continue to maintain a high standard, specialization, and internationalization. In addition to focusing on marine areas, it will also extend to the corrosion and protection of land and air engineering.  By showing the outstanding results of China in the aspects of corrosion technology research and engineering applications, as well as by introducing the advanced anti-corrosion technology and products, it is aimed to promote the development of China’s corrosion & protection technology and engineering application.

More info

read more >

Papua New Guinea Petroleum & Energy Summit

Capitalise on the Exciting Commercial Opportunities in the Papua New Guinean Oil & Gas Sector

read more >

NGV Global 2017

The NGV GLOBAL 2017 Conference will bring together leaders in the world natural gas for vehicles to discuss current trends, development…

read more >

Gastech Conference & Exhibition

Gastech Conference & Exhibition represents and addresses the current commercial and technical challenges spanning the entire natural gas & LNG supply chain..

read more >