The distribution of LPG will be done through the stores BANASUPRO (National Commodity Supplier). The company 304 Energy will provide the investment to adapt local product suppliers.
"The authorities of Industry and Commerce (SIC) have already indicated their intention to stop subsidizing this fuel ... The total investment for an amount not yet specified, will be 100 percent from Venezuela, as counterpart by the Honduran government will be to give 'support in all transactions', confirmed Francisco Zelaya, head of the SIC. ", according to an article in Elheraldo.hn
The representative stressed that while the gas will no longer be subsidized, the agreement will allow prices to be lowered.
Source: elheraldo.hn
More on this topic
September 2011
The company Alba Petróleos is preparing to enter the Salvadoran propane market in December.
At the beginning of its operations, the company may cover only 3% of the domestic market which is currently served by four companies, Tropigas, Z-Gas, and Total Gas and Tomza.
An article in Elsalvador.com by Luz Estrella Rodríguez contains quotes by the vice president of Alba Petróleos: "The gas will be stocked by a company in Honduras and will be unloaded to the 5,000 barrel capacity tank that has already been built in its plant located in Puerto de Acajutla, Sonsonate , as well as to other locations that are available in the port of La Union and that Alba Petróleos plan to rent. "
October 2010
The company announced plans to venture into the liquefied gas market starting January 2011.
Luz Estrella Rodríguez, vice president of Alba Petroleum, made the announcement adding they are currently conducting a market study.
According to Laprensagrafica.com, "…..with regards to construction of a storage facility in Acajutla, Rodriguez said this required an additional investment of approximately $ 10 million, which was covered by their partner, Venezuelan state company PDVSA”.
July 2009
Salvadoran propane gas companies expect to double their sales by investing in distribution centers and upgrading their customer service.
Tropigas will invest $4 million in expanding its storage terminal in La Unión, while Tomza, of Mexican capital, projects to open 100 stores in the mid term, in addition to the 200 it currently operates in El Salvador.
January 2010
On mid-2010, the company will begin shipping 30 million cubic meters of compressed gas to Panama each day.
The announcement was made by Pacific Rubiales president Ronald Pantin, who explained that the gas will be used to supply gas-fired generation plants.
"The product will be transported by boat, from the Caribbean port of Coveñas, to the "La Creciente" fields in the department of Sucre, located in the country's northwest.
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