MOL Romania to build LNG terminal following €2.3m investment

MOL Romania to build LNG terminal following €2.3m investment

MOL Romania, the local branch of the MOL Group, has invested €2.3m in the construction of an LPG terminal at Tileagd in Bihor County.

The terminal is due to be fully operational by the second half of the year and will be equipped with four tanks that have a total capacity of 600 cubic meters. This is MOL’s first investment in LPG in Romania.

ST - MOL Romania

The project will complement the asset base that MOL already owns at Tileagd, where a warehouse of petroleum products opened in the summer of 1999.

Country Chairman & CEO of MOL Romania, Camelia ENE said: “This is the first LPG terminal that MOL builds in Romania. It is an investment decision that shows MOL Romania’s interest in diversifying the business and portfolio of services and products made available to customers.”

Beyond Tileagd’s oil products warehouse, MOL Romania also manages a storage unit for petroleum products at Giurgiu. The Giurgiu warehouse, which has direct access to river transport on the Danube, was commissioned in the spring of 2013 and is operated by 14 employees.

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11th June 2017