Allied Insurance and Maldive Gas Partner to Expand LPG Storage in Thilafushi
Photo: Maldive Gas
Allied Insurance Company has entered into an external financing agreement with Maldive Gas to expand the liquefied petroleum gas (LPG) storage capacity at their main terminal in Thilafushi.
https://x.com/maldivegas/status/1795014156590199107
advertisement
advertisement
advertisement
The project will extend the current storage capacity, which holds gas for up to 35 days, to over five months.
This increase is expected to bolster the company’s ability to meet the growing demand for LPG in the region. This development aims to significantly enhance the storage duration at the facility.
The agreement was signed during a ceremony held yesterday by Abdulla Mohamed, Managing Director of Maldive Gas, and Hussain Luwaiz, Managing Director of Allied Insurance Company.
Both executives expressed optimism about the benefits of this partnership for the local energy sector.
