SHV Energy expands Tuticorin LPG terminal capacity by 30,000 tonnes.

SHV Energy, recently, said it has invested ₹500 crore to expand the capacity of its Tuticorin (Tamil Nadu) liquefied petroleum gas (LPG) storage terminal by 30,000 tonnes.

“The expansion ensures LPG supply to the Indian market, primarily through our Indian subsidiary, Supergas. SHV Energy’s Singapore-based trading unit, S&RM (Supply & Research Management) will also supply third parties through the Tuticorin terminal,” SHV Energy’s CEO, Bram Graber told businessline.

Graber, who is also a member of the World LPG Association (WLPGA) Board of Directors, is in India to attend the World LPG 2022. He inaugurated the Tuticorin terminal on Thursday.

“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,” he said.

HBL