Puma Energy acquires Zambian LPG Supplier OGAZ

The company supplies about 18% of the local market with two storage tanks and a cylinder filling facility.

Puma Energy has announced the acquisition of Zambian-based Liquid Petroleum Gas (LPG) supplier OGAZ. This acquisition aligns with the company’s focus on core downstream markets and commitment to providing lower carbon alternatives to traditional fuels.

The transaction will see Puma acquire two 50-metric ton storage tanks and a cylinder filling facility in Lusaka’s industrial area as well as over 37,000 LPG cylinders. OGAZ currently supplies around 18% of the local LPG market.

“This transaction aligns with Puma Energy’s purpose of energizing communities because LPG is a safe, convenient and cost-effective way for households to access cleaner cooking. The use of LPG in place of traditional fuels protects the community’s health and is a more environmentally friendly and lower carbon alternative than many of the alternative sources of fuel,” said Patricio Chababo, General Manager of Puma Energy Zambia.

LPG plays a vital role in the energy mix in sub-Saharan Africa, where an estimated 970 million people lack access to clean cooking fuels and technologies according to the International Energy Agency. Many households rely on solid fuels such as wood and charcoal, or kerosene, leading to environmental and health hazards.

Household air pollution, predominantly from cooking smoke, is linked to 2.5 million premature deaths globally, while the use of wood also contributes to deforestation.

Apart from being used for home cooking and heating, LPG can serve as a vital energy source for various other commercial and industrial applications, including in hotels, restaurants, hospitals, schools, and shopping malls.