Taleveras in LPG Term Deal with Mont Belvieu, USA

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business

Summary

export to commence in the first quarter of 2021

Press Release

Taleveras has 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 in the 1st Quarter of 2021, Taleveras will export propane and butane in VLGC volumes taking into account the propane-heavy cargoes to US. Exports to the US usually comprises of evenly split cargoes or 33,000mt of propane and 11,000mt of butane which is 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 payers 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.

 

A milestone for the conglomerate, the agreement comes at a time where distortion in supply and distribution is pushing industry leaders to ponder the impact on marketers’ ability to serve customers. Taleveras’ venture into biofuels has joined a growing list of leading global trading firms increasing their presence in the liquefied natural gas market – raising its delivery volumes by almost 30% year on year.

Taleveras which has recently started trading in LNG has caught the attention of Industry analysts who believe that the company will have to navigate through innumerable challenges in the ever-volatile oil and gas industry. Today, the company is gaining its prominence as a resilient player that keeps on thriving in international markets. With the growing demand for propane and butane from the US, Taleveras is gearing towards its ambition to penetrate the US market.