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  • Puma Energy Acquires Zambian LPG Supplier OGAZ
    édité le 27/10/2023 - Plus de news de "Puma Energy" - Voir la fiche entreprise de "Puma Energy"

Puma Energy Acquires Zambian LPG Supplier OGAZ
Puma Energy has announced the acquisition of Zambian-based Liquid Petroleum Gas (LPG) supplier OGAZ. This acquisition aligns with Puma Energy’s focus on core downstream markets and commitment to providing lower carbon alternatives to traditional fuels.

The transaction will see Puma Energy acquire two 50-metric ton storage tanks and a cylinder filling facility in Lusaka’s industrial area as well as over 37,000 LPG cylinders. OGAZ currently supplies around 18 per cent of the LPG market in Zambia.

LPG plays a vital role in the energy mix in sub-Saharan Africa, where an estimated 970 million people lack access to clean cooking fuels and technologies according to the IEA. Many households rely on solid fuels such as wood and charcoal, or kerosene, leading to environmental and health hazards. Household air pollution, predominantly from cooking smoke, is linked to 2.5 million premature deaths globally, while the use of wood also contributes to deforestation.

Patricio Chababo, Puma Energy’s General Manager in Zambia said: “I am delighted to announce the acquisition of OGAZ’s assets in Zambia. This transaction aligns with Puma Energy’s purpose of energising communities because LPG is a safe, convenient and cost-effective way for households to access cleaner cooking. The use of LPG in place of traditional fuels protects the community’s health and is a more environmentally friendly and lower carbon alternative than many of the alternative sources of fuel.”

Apart from being used for home cooking and heating, LPG can serve as a vital energy source for various other commercial and industrial applications, including in hotels, restaurants, hospitals schools, and shopping malls.

About Puma Energy

Puma Energy is a global energy business energizing communities across markets in Latin America, Africa and Asia Pacific. Its businesses include fuel and convenience retail, commercial fuels, aviation, lubricants LPG and bitumen, which are underpinned by a robust supply system and state-of-art storage infrastructure. Puma Energy has been present in Honduras since 2006 and now operates 230 sites across Honduras, including 30 Super7 Convenience stores and 19 retail sites powered by solar energy. Puma Energy will continue with its network of Puma sites in Honduras offering its products and services including: Top Tier certified high performance gasolines, Super 7 convenience stores and its Puma Pris loyalty program. Around the world Puma Energy operates 1934 retail sites and across Latin America Puma Energy operates 1193 service stations including 357 convenience stores.

Origine : Communiqué Puma Energy

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