Gas Storage: 54% Drop in Price

9 years, 1 month ago - March 27, 2012
The State Trading Corporation (STC) will pay 54% less for gas storage. This reduction was made possible by negotiations there had between STC and the company owned Escol Total and Shell.

The State Trading Corporation (STC) will pay Rs 475 for storing a ton of gas against Rs 1,043 currently. But that does not mean that there will be a drop in gas prices for household consumers in the global market because the price is $ 1,327 a tonne. The price of a gas cylinder was more than Rs 600 without government subsidies. 

When the STC launches a tender, traders supplying gas in small volumes in the country, it is argued on the side of the body. "The trader has a premium on the price of gas it sells to the country. In 2011, the trader had a premium of $ 147. Whoever wins the tender touch big as other countries in the region he will trust. In the African region, the gas consumption per capita is 54 kg because in 98% of homes, people use household gas, "says our interlocutor.

Country has a storage capacity of 5300 t of gas while the annual consumption of 65,000 t, a figure that increases by 4% annually. On this trend, the country consumes 125,000 tonnes of gas annually by 2025. This is a process that is underway with the ship that carries gas. When the ship docked the port of Mauritius, there is a pipeline that connects the ship to special tanks. We also have underground tanks. They are the property of the company Escol owned by Total and Shell. 

Text by Le Matinal

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