(Ecofin Agency) - In Mozambique, Puma Energy has opened two new terminals, therefore increasing its capacity in the country to 275, 500 m³.

The new Matola terminals; the company’s second largest in Africa, however, include 11 steel storage tanks which jointly added 115, 000 m³ storage capacity.

While the bitumen terminal is aimed at cutting Mozambique’s reliance on imports, the fuel terminal creates a new fuel-delivery channel for the Southern African Development Community.

"Puma Energy links local demand with international supply, through investment in infrastructure. Mozambique is a very promising market in Africa today. We have confidence in the country’s long-term commercial opportunities as well as the country’s strategic location to answer the supply requirements of Southern Africa", Christophe Zyde the Chief Operating Officer of Puma Energy Africa told Engineering news.

In fact, the company’s presence in Mozambique has experienced a huge leap with the construction of these new Terminals, inaugurated by the Minister of Energy and Natural Resources Dr. Pedro Conceição Couto.

Puma Energy operates in 45 countries worldwide and is present in 18 African markets. It recently established a regional hub in Johannesburg, South Africa, where it also plans on constructing storage capacity. Since 2012, the company has invested more than $1.5 billion in the continent and is presently adding 350 million litres (92.5 million gallons) of capacity to the 900 million litres it had in the region. Over 50% of Puma’s ownership is in the hands of African investors.