Kenya is in talks with Asharami Synergy Plc, a subsidiary of Nigeria’s Sahara Group Ltd., to jointly build a 30,000-ton facility for handling and storing liquefied petroleum gas (LPG).
According to sources, state-owned Kenya Pipeline Co. will form a joint venture with Asharami Synergy to construct East Africa’s largest LPG storage and bottling terminal in Mombasa, as reported by Bloomberg.
The project, expected to be completed in 24 months, will be financed by Asharami, while Kenya Pipeline Co. will provide the land. The deal is anticipated to be signed by the end of July.
This facility aims to support Kenya’s goal of universal access to clean cooking energy by 2030, aligning with President William Ruto’s vision for the nation to lead in green energy. The President also aims to double the per capita LPG usage, currently at 7kg.
Kenya Pipeline Managing Director Joe Sang mentioned ongoing efforts to involve a private sector company in the new facility. Additionally, Kenya is negotiating with Saudi Aramco to acquire a floating LPG barge, aiming to boost LPG supply and reduce fuel prices.
