The Maldivian government has announced plans to establish a new 1,500-ton gas storage facility in the Male’ region to enhance national energy security and ensure a stable supply of Liquefied Petroleum Gas (LPG).

Speaking at a press conference held at the President’s Office, Minister of Finance Moosa Zameer assured the public that there are currently no disruptions to the gas supply. He highlighted that the country’s supplier is a reputable regional provider, also serving nations like Bangladesh, which guarantees a continuous and reliable flow of resources.

The Minister detailed the logistics of the supply chain, noting that gas is transported via large vessels before being transferred to smaller tankers through ship-to-ship transfers, often conducted within Maldivian territorial waters.

Currently, the State Trading Organization (STO) maintains a storage capacity of 1,000 tons, supplemented by private sector contributions from companies such as Villa Gas. The new 1,500-ton project, currently in the procurement phase, aims to significantly expand STO’s reserves. Minister Zameer expressed optimism that the facility would be completed by the end of the year, providing enough storage to meet the Male’ region’s demands for approximately two and a half months.