Posted: Friday, September 20, 2019. 2:22 pm CST.
By Aaron Humes: Established by legislation in the National Assembly, the National Gas Company (Belize) Limited has made its first public statement on its role in the Liquefied Petroleum Gas (LPG) industry.
Essentially, the company, owned in a public-private partnership by the Government and certain key investors, will import, store and sell LPG wholesale from its planned Big Creek Terminal in the South and two regional depots in Orange Walk and Belmopan, but will not take on distribution and retail.
While the NGC will do some direct importation from the U.S. Gulf Coast, current importers and others will be involved in a tender for supply including Gas Tomza Limited, Belize Western Energy Limited (Tropigas), and Southern Choice Butane Limited (Zeta Gas Belize), which previously stored their own imports and charged significantly higher prices.
The NGC says changing the model will “will improve logistical efficiencies and associated costs of the delivery of LPG to Belize and at the same time enhance Belize’s energy security and regulatory oversight of the LPG industry by having large quantities on hand and established facilities for inspection and testing,” but does not change the distribution and retail sector supply change.
The NGC promises a steadier supply, more quality, lower prices and true competition as well as more jobs and opportunities.
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