Slovenian energy company Petrol [LJE:PETG] said it has opened a 5.0 million euro
($6.2 million) liquified petroleum gas (LPG) storage terminal in the central
Serbian town of Smederevo.
The terminal, with a storage capacity of 3,000
cubic metres, will be used by Petrol as a hub for the distribution of LPG in
Southeast Europe, the company said in a statement made available to SeeNews on
Thursday.
The main advantage of the new terminal is that its location
provides access to river, road and railroad infrastructure, it added.
The
Slovenian company said in its 2013 annual report that the main purpose of
building the terminal in Smederevo is to gain access to LPG sources in Russia,
Belarus, Ukraine and Romania.
Petrol entered Serbia's LPG market with the
establishment in 2013 of Petrol LPG where it owned 51% at the time it was
incorporated. Last year, Petrol LPG sold 12,200 tonnes of LPG, generating 10.6
million in net sales revenue.
In Serbia, Petrol also operates filling
stations - which numbered eight at the end-September, and is active on the local
gas distribution market.