Speaking during the opening of Tanga City’s largest Liquefied Petroleum Gas (LPG) depot built by Lake Gas Limited, a member of the Lake Group of Companies, Managing Director/CEO of Absa Bank Tanzania Limited, Obeid Laiser, promised to continue to support the company’s efforts to increase investment in LPG supply in order to reduce the use of charcoal and save the environment.
the availability of less expensive gas will encourage more people to use LPG, potentially reducing the use of charcoal and firewood. “We expect to distribute many gas cylinders through this depot to serve the region as well as neighboring countries.
LPG transportation in Tanzania
Lake Group has been Absa’s partner for a long time, Laiser explained, saying that it has witnessed the company’s growth in the oil sector
“Tanzanians are increasingly turning to cleaner domestic energy sources.” Imports by LPG marketing companies (LMCs) increased by 12.9 percent, from 107,083 tonnes in 2016/17 to 120,961 tonnes in 2017/18. Imports increased by 20 percent the following year, reaching 145,800 tonnes, before increasing by 30 percent the following year, reaching 190,248 tonnes in the 2019/20 fiscal year, according to Ewura data.
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