Ukrainian company LPG Progress invites partners to invest in the construction of LPG infrastructure.

18.10.2016
News

LPG Progress, a new Ukrainian player in the liquefied gas market, invites partners to invest in the construction of LPG infrastructure.

This was announced to NAFTORYNOK by Vladislav Lobov, General Director of Company Progress LLC.

"We see the potential of the LPG segment in Ukraine, where propane-butane is increasingly used as a motor fuel. In addition, the rising price of gasoline pushes the development of infrastructure projects in the liquefied gas market, "said the top manager.

"According to him, the coordinated work of the LPG market in Ukraine, in addition to the shortage of production and the lack of diversification of supplies, lacks sufficient storage capacity. "Today, in the Pereyaslav-Khmelnitsky district of the Kyiv region (Pereyaslavskaya station), the GFS project is at the final stage, the construction of which will be carried out by our company. Soon, the active phase of work on the construction of a modern complex will begin, which will provide a wide range of services (transshipment, storage, stock control, as well as the preparation of a mixture of LPG depending on weather conditions and customer wishes). In addition, we see a prospect in the development of storage in the western regions of Ukraine, where the shortage of capacity is especially acute. Partnership working conditions that have proven themselves in the oil business should certainly accumulate profitable results. We invite companies to consider the possibility of partner participation in one of the promising infrastructure projects in Ukraine, "he said.

According to the director of LPG Progress, the launch of the complex will take place at the end of 2017. Vladislav Lobov also noted that after the completion of construction, the GFS will provide storage services to both traders and end players of the market. "The dynamic development of the Ukrainian LPG market makes large foreign manufacturers and suppliers look at it. Therefore, we are considering opportunities to provide our capacities to these companies for operating activities in Ukraine, "he added.

Company Progress LLC is a new player in the LPG market, which in 2016 begins construction of a GFS in the Kyiv region. The company plans to build 3000 tons in storage by the end of 2017. Among the promising regions of further development in LPG Progress, the western regions of Ukraine are also called.