Economy Energy FDI Gas Industry Infrastructure Mozambique

Puma Energy opens new bitumen, fuel storage capacity in Mozambique

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Global mid- and downstream energy company Puma Energy officially opened new bitumen and fuel terminals in Mozambique this week, raising its capacity in the Southern African country to 275 500 m³.

The Matola terminals comprise 11 steel storage tanks, which have collectively added 115 000 m³ of storage capacity.

The bitumen terminal has been designed to reduce Mozambique’s dependence on imports, while the fuel terminal creates a new fuel-supply channel for the Southern African Development Community.

COO Christophe Zyde described the Mozambican storage facilities as “state-of-the-art” and said the infrastructure would act as a catalyst for economic growth in the country.

Puma Energy, which is associated with the Trafigura Group, is active in over 45 countries globally and recently set up a regional hub in Johannesburg, South Africa, where it is also in the process of building storage capacity. It is present in 18 African markets and has invested over $1.5-billion in the continent since 2012.

Source: Mining Weekly

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