Supply of liquefied petroleum gas (LPG) into the Western Cape has been secured for the next three months through an interim agreement with commodities trading giant Trafigura. | News24_Business
Vida Booysen/Netwerk24/Gallo ImagesThis comes after Vita Gas, a Vitol subsidiary, suddenly pulled out of a contract to import the gas into the region.
Sunrise Energy, the owner of the LPG import and storage facility at Saldanha Bay, said on Thursday that the arrangement with Trafigura is effective from 1 July, noting that vessel imports have arrived and offloaded at the facility, with further imports expected over the next few weeks.Two weeks ago, Vitol's Vita Gas unexpectedly pulled out of a contract with Sunrise Energy, which resulted in LPG supply constraints in the Western Cape region.
In the interim, EML Energy had stepped in to supply LPG to major gas customers via the Sunrise terminal urgently.A deep dive into the big business story of the week, as well as expert analysis of markets and trends.The company, on more than one occasion, came up at the Zondo Commission of Inquiry regarding reportedly questionable contracts for the supply of fuel to South African Airways and to SA Express.
In announcing the new deal with Trafigura, Sunrise said it would like to reassure the market that the terminal remains fully operational and that plans are afoot to expand the terminal's capacity to further safeguard energy supply.
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