Singapore LPG carrier owner Petredec has added a third import facility in the Indian Ocean region.
The company said its downstream subsidiary Petregaz has inaugurated the LPG terminal at Krishnapatnam in the Indian state of Andhra Pradesh.
The facility will allow the group to deliver “cost-effective, dependable solutions to LPG marketers as well as residential, commercial, industrial and automotive customers”.
The terminal is located within the Adani Krishnapatnam Private Port.
Petregaz already owns import facilities in Mauritius and South Africa.
India is a major importer of LPG, with owners like BW LPG recently focusing growth efforts in the country.
Krishnapatnam has two refrigerated storage tanks for propane and butane, each with 30,410-cbm capacity.
There is a modern jetty with no congestion, capable of berthing all LPG vessel types, the company said.
Two 3 km pipelines have been constructed
The terminal can handle 1.4m tonnes of LPG each year.
Petregaz was started in 2008 when Petredec acquired an LPG marketing business in La Reunion from Chevron.
Southern focus
Since then, Petregaz has focused on developing onshore LPG infrastructure and distribution systems in Africa, the Indian Ocean and South East Asia.
Susheel Raina, chief executive of Petregaz India, said: “Government-run oil companies can utilise our terminal’s capacity to improve LPG supplies in the hinterland, optimising logistics and strengthening India’s LPG landscape.
“This new facility will also benefit private marketers and bottlers by improving access to LPG in an area of the country historically underdeveloped in terms of LPG infrastructure,” the boss added.
Petredec trades, transports and distributes LPG around the world with 35 modern carriers, mainly VLGCs.
In November, Petredec’s UK unit Fortitude Shipping placed its first newbuilding order since it was launched.
The contract for two firm and two optional 24,000-cbm LPG ships was signed with Nantong CIMC Sinopacific Offshore & Engineering Co.
The yard is scheduled to deliver the firm vessels in March and July 2026.
In October, Petredec said it is now solely controlled by the Fearn family and Bahri after former managing director Chris Stedman sold out.
The three parties together controlled parent Petredec Group Ltd, formerly Haydock Holdings.
Petredec said that the Fearn family and Saudi Arabia’s state-owned VLCC giant Bahri jointly entered into an agreement with Stedman whereby their resultant holdings in Petredec Group will be increased to 59.92% and 40.08%, respectively.
