Butagasco opens new LE 3.5 million warehouse in Giza

CAIRO – 18 December 2017: Ministry of Petroleum-affiliated Egyptian Company for Gas Transferring and Deliverance (Butagasco) opened Monday a new liquefied petroleum gas (LPG) warehouse in Giza, the company’s chairman, Ahmed Abdel Moteleb, said in Monday statement.

Located in Atfeeh city of Giza, the warehouse has an area of 1,050 sqm and was built at a cost of LE 3.5 million, Abdel Moteleb added.

Butagasco targets selling 75,000 LPGs per month from the new warehouse to meet the growing demands of residents in the area.

Preparing for the increased demand anticipated in winter, Butagasco increased its production to 1.2 million LPG cylinders per day.

The consumption of LPG in winter months is expected to be 4.2 million tons, which the government plans to secure through local production and imports.

Butagasco's sales of butane gas cylinders amounted to 40 million in the first half of 2017, with an increase of 5 million cylinders compared to the same period of last year.
The company has opened 262 fixed distribution outlets of small capacity and 176 warehouses across Egypt.

There are 40 private sector companies working in packing LPG cylinders, representing 55 percent of the market.

The government increased fuel prices in late June, with the price of LPG cylinders increasing from LE 15 ($0.85) per cylinder to LE 30, representing a 100-percent hike.