May 1, 2023 [Business Daily]- Oil recouped some of last week’s slump in lower-volume trading as many investors took a pause while awaiting further clues to demand.

 
Kenya Pipeline Company (KPC) will construct a 30,000-tonne liquefied petroleum gas (LPG) handling and storage facility in Changamwe, Mombasa in the latest efforts by the government to lower cooking gas prices.

KPC said in a notice that the facility will cut the cost of handling and evacuating cooking gas from the ships to the mainland, allowing dealers to transfer the cost reliefs to consumers.

“Notice to the public to submit comments on EIA Study report for the proposed LPG import, storage and handling facility located in Changamwe, Mombasa County,” said the notice.

The facility will receive cooking gas from ships berthed at the Sh42 billion newly constructed Kipevu Oil Terminal 2 (KOT-2) jetty using a pipeline.

The government has also begun converting the Kenya Petroleum Refineries Ltd (KPRL) Changamwe depot in Mombasa, a few kilometres from Kipevu, into a storage facility for fuel and LPG.
 
Pro Trial: Access 12,600 Tank Terminal and Production Facilities
12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data