M a r k e t N e w s

Kenya secures US $13m for Mombasa LPG project

Posted on : Thursday , 17th June 2021

Kenya has secured US $13m for the construction of the Mombasa liquefied petroleum gas (LPG) import and storage terminal project

 

The funds was injected by the International Finance Corporation (IFC)– World Bank private financing arm. Mombasa Gas Terminal (MGT) Managing Director Eng. Julius Riungu confirmed the report and said the funding paves way for the completion of the project’s first phase

 

“We embarked on the Mombasa Gas Terminal project to reduce supply constraints and improve the affordability and accessibility of clean fuel usage in the country for both industry and households. We at MGT are very excited at the possibilities that we will create an opportunity for our fellow Kenyans to improve the quality of their environment and their health,” said Eng. Riungu.

 

Universal access to modern cooking solutions

 

The project aims to increase Kenya’s uptake of clean energy fuels and aligns with the country’s target of achieving universal access to modern cooking solutions by 2030. The project involves construction of an import terminal which will comprise; a private berth for unloading small to very large gas carriers (VLGC) size LPG carriers; multiple loading gantries for the transfer of LPG to LPG tanker trucks; and dedicated LPG transport vehicles.

 

The new terminal will include direct mooring access for large-sized LPG carriers, storage and associated infrastructure that has multiple loading points for the transfer of LPG to road and rail transport. Further, the terminal is tipped to end infrastructure constraints in the LPG value chain and promote the accessibility and affordability of the product.

 

Phase one of the LPG project is set to begin operations within six months while the second phase will set the storage capacity to 22,000 metric tons with an annual throughput capacity of 400,000 metric tons.

Source : www.constructionreviewonline.com
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