Allied Insurance Company has entered into an external financing agreement with Maldive Gas to expand the liquefied petroleum gas (LPG) storage capacity at their main terminal in Thilafushi.
Maldives Gas revealed the project will extend the current storage capacity, which holds gas for up to 35 days, to over five months.
Abdulla Mohamed, Managing Director of Maldive Gas, and Hussain Luwaiz, Managing Director of Allied Insurance Company, signed the agreement during a ceremony on Monday.
Both executives expressed optimism about the benefits of this partnership for the local energy sector.
- Advertisement -
