Taleveras is the first African Independent Gas Trading company to enter into a futures contract with an LPG plant in Mont Belvieu for the export of liquefied petroleum gas, trading from 1st quarter 2021. According to market sources and advisers on the deal, propane and butane will do just that. performed in VLGC volumes.
U.S. cargo is primarily propane-heavy with butane normally making up 20% of the volume. U.S. exports may also consist of evenly distributed loads or 33,000mt propane and 11,000mt butane.
This news release comes at a time when the distortion of supply and distribution dynamics is prompting the leaders of the propane industry to reflect on the potential impact on marketers’ ability to serve customers reliably this winter.
LPG has become a critical driver for Taleveras’ ambitious growth plans – as well as alternative energy. According to news reports by Bloomberg, Taleveras risk biofuel, and joined a growing list of leading global trading companies increasing their presence in the liquefied natural gas market, increasing their volume of supply by almost 30% year-on-year. An energy analyst in London said: “Taleveras, which only recently started trading in LNG, is already reducing its market share significantly and is gaining weight in the industry.”
Taleveras, which has been on the radar of many industry viewers and analysts since its inception in the late 90s, has had to navigate countless challenges in the ever-changing oil and gas industry. However, the company continues to be one of the most successful energy houses established by an Africa. Taleveras is increasingly gaining a respected position today as a resilient company that continues to thrive in the oil markets.
Taleveras, one of Africa’s leading integrated energy conglomerates, was founded by Nigerian entrepreneur Igho Charles Sanomi II. The company operates and invests in the upstream, midstream, downstream and power sectors of the energy industry and has offices across Africa, Geneva, London and the United Arab Emirates.
An analyst from the top industry in the oil industry, who prefers not to give the nomination, said: ‘The oil and gas industry, especially if you contract with sovereign states, can be tricky because it is difficult to get the politics and to avoid the accompanying negative perception. Taleveras has had a fair share of its perception problems, but the biggest conversation in the industry is about how they positively navigate through everything and diversify their business in the world markets. If they can sustain this growth and overcome it all, it will surely be one for the books. ”