Portugal’s Galp Energia invests in construction of gas storage tanks in Mozambique

26 January 2011

Maputo, Mozambique, 26 Jan – Portuguese group Galp Energia plans to invest 11 million euros in construction of two gas storage tanks in Matola, on the outskirts of the Mozambican capital, Maputo, one of the group’s board members said Tuesday in Maputo.

Fernando Gomes said that the project, which will be launched this year and provide a storage capacity of 6,000 cubic metres, would make it possible to supply petroleum gas to the country by sea rather than by truck.

After opening a Galp service station in Maputo, Gomes said that the group was not only interested in distributing fuel and LPG (liquid petroleum gas), and that it was also involved, for example in a national project for biofuel production, in partnership with state company Petróleos de Moçambique (Petromoc).

The service station opened Tuesday, costing 366,000 euros, is Galp Energia’s 20th in Mozambique, where it has a market share of 13 percent. (macauhub)