export to commence in the first quarter of 2021
Dubai, UAE: Taleveras is set to become the first independent African gas trading company to secure a term deal with a Mont Belvieu LPG based facility for the export of Liquified Petroleum Gas. Expected to ship out during the 1st Quarter of 2021, the agreement comes at a time where distortion in supply and distribution dynamics are pushing propane industry leaders to ponder the potential impact on marketers’ ability to serve customers reliably. A milestone for the conglomerate, Taleveras will export propane and butane in VLGC volumes taking into account the propane-heavy cargoes to the US with butane making up only 20% of the volume.
Founded in 1998 by Igho Charles Sanomi II, Taleveras is one of Africa’s leading integrated energy conglomerate operating and investing in upstream, midstream, downstream and power sector. Taleveras offers strategic activities centered on sourcing and marketing of oil products worldwide. With business interests in energy and infrastructure, oil and gas exploration, production, trading and supply, power and construction, Taleveras has offices in London, Geneva, Abuja, Lagos, Abidjan, Cape Town and Dubai.
“Trading within a sector dominated by major global players means we constantly have to maneuver to penetrate and thrive while overcoming industry perception. For emerging entrepreneurs like ourselves, misrepresentation can often become setbacks. Our approach has always been to steer ahead, diversify our portfolio thus sustain growth. Being awarded this contract is a major milestone that confirms our position as key contender in the industry” said Igho Charles Sanomi II, Chairman, Taleveras.
Taleveras has recently started trading LNG and Industry analysts believe that the company has had to navigate through innumerable challenges in the ever-volatile oil and gas industry. Today, it is gaining prominence as a resilient company that keeps on thriving in international markets. With the growing demand for propane and butane from US, Taleveras is gearing towards its US penetration ambition.
Taleveras is a leading global energy and services company, they operate and invest in upstream, midstream, downstream, and power sector of the Energy industry. Taleveras expansion and growth in Liquified Natural Gas and Renewable Energy strongly demonstrates their commitment towards a cleaner environment and a better planet.