PDV Caribe Dominica, the joint venture fuel company owned by Dominica and Venezuela under the Petro Caribe agreement, says its expansion plans include supplying cooking gas – what’s known officially as LPG, to other parts of the Caribbean.
That disclosure was made today by Minister responsible for Petro Caribe, Reginald Austrie, at the company’s customer appreciation day at the Fort young Hotel on Thursday, in keeping with the observance of the 7th anniversary of the Petro Caribe Energy Cooperation Agreement.
According to Austrie, there are strong demands for the supply of Petro Caribe’s LPG in the region.
He said exporting LPG in addition to the company supplying local demand was one of two priority projects in the pipeline.
The minister spoke of “the transforming of our LPG carry capacity from ISO tanks, those big tanks, to actually having a facility on the plant so we will no longer be transporting it by tanks it would be fed directly from the ship”.
He said that would mean being able to “double and triple the amount of LPG cylinders we can sell and also give us some export potential because there are countries in the region asking us to supply them with LPG”.
The Petro Caribe Minister also announced plans to begin the local distribution of fuel.
“Our two gasoline tanks that have not yet been commissioned there are plans on the way to get those tanks going,” he indicated.
“So we will not only be doing the LPG and diesel but we will also move into gasoline very soon,” the minister disclosed.
The company’s General Manager, Guillermo Lozza, told a Petro Caribe function on Wednesday that to date the company had imported from Venezuela, 600,000 barrels of petroleum products valued at an estimated US$60 million to supply local demand.