Luz Estrella Rodríguez, vice president of Alba Petroleum, made the announcement adding they are currently conducting a market study.
According to Laprensagrafica.com, "…..with regards to construction of a storage facility in Acajutla, Rodriguez said this required an additional investment of approximately $ 10 million, which was covered by their partner, Venezuelan state company PDVSA”.
The company Alba Petróleos is preparing to enter the Salvadoran propane market in December.
At the beginning of its operations, the company may cover only 3% of the domestic market which is currently served by four companies, Tropigas, Z-Gas, and Total Gas and Tomza.
An article in Elsalvador.com by Luz Estrella Rodríguez contains quotes by the vice president of Alba Petróleos: "The gas will be stocked by a company in Honduras and will be unloaded to the 5,000 barrel capacity tank that has already been built in its plant located in Puerto de Acajutla, Sonsonate , as well as to other locations that are available in the port of La Union and that Alba Petróleos plan to rent. "
Internal problems in the larger of the two current distributors is restricting supply in the market and has forced the government to authorize the operation of other distributors.
In light of the legal dispute faced by the main gas distributors in the country, which have stopped providing the service temporarily, the Costa Rican government has announced that they are willing to authorize the operation of other distribution companies that meet the requirements established by law.
The company is conducting feasibility studies on the import and distribution of Liquefied Petroleum Gas in El Salvador and other Central American countries.
"It would be an important element if we managed to change the energy matrix of El Salvador," said José Luis Merino, Alba Petróleos advisor, who explained that the company (funded with capital from the municipality of El Salvador and the state of Venezuela) has had conversations with natural gas producing countries.