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Petregaz India, a subsidiary of the Petredec Group, marked a significant milestone with the inauguration of its new LPG Import and Storage Terminal in Krishnapatnam, Andhra Pradesh.
The state-of-the-art facility, representing an investment of ?600 crore, is poised to deliver cost-effective and reliable solutions to a diverse range of stakeholders, including LPG marketers and customers across residential, commercial, industrial, and automotive sectors. Strategically situated within the Adani Krishnapatnam Private Port, just 25 km from Nellore, the terminal promises enhanced accessibility and efficiency in LPG distribution.
Susheel Raina, CEO of Petregaz India, emphasized the terminals potential to bolster Indias LPG landscape by facilitating improved supplies, optimizing logistics, and catering to areas historically underserved in terms of LPG infrastructure. He highlighted the opportunity for both government-run oil companies and private marketers to leverage the terminals capacity for the benefit of consumers and the broader energy sector.
Raina expressed optimism about forging new partnerships and collaborating with stakeholders across the spectrum to support Indias transition towards cleaner and more accessible energy sources. As part of the Petredec Group, a leading integrated LPG company with a global footprint, Petregaz is well-positioned to contribute to this transition.
Petredec Group, known for its comprehensive LPG operations encompassing trading, transportation, and distribution, boasts a modern fleet of 35 LPG carriers, primarily Very Large Gas Carriers (VLGCs). With a growing presence in the downstream sector, including three LPG import terminals in the Indian Ocean, Petredec is committed to advancing the availability and affordability of LPG worldwide.
Petregaz, as the downstream subsidiary of the Petredec Group, specializes in LPG import, storage, and large-scale distribution. The newly inaugurated Krishnapatnam facility, operating under the banner of Petregaz Krishnapatnam Private Limited, further solidifies the groups commitment to serving the Indian market and fostering sustainable energy solutions on the East Coast of India. |
