Maldives Gas launches USD 4.5 million project to boost cooking gas storage capacity

Maldives Gas Pvt Ltd has initiated a project valued at USD 4.5 million to expand the storage capacity for cooking gas in the Maldives. This was announced by the Managing Director of Maldives Gas, Mr. Abdullah Mohamed, during a special segment on PSM News. In his remarks, Abdullah Mohamed emphasized that the company’s primary challenge has been the limited storage capacity for cooking gas. However, he noted that recent efforts to address this issue have been successful. With the new project, the company plans to increase its storage capacity to four or five months, compared to the current capacity of just one month. The Managing Director further stated that the project is expected to be completed by the end of next year, at which point it will triple the company’s current storage capacity. Abdullah Mohamed also highlighted the company’s robust financial performance, reporting a 33% growth over the past year. He pointed out that Maldives Gas has not had to rely on external financial support, underscoring the company’s financial stability. He attributed the company’s success to a culture of collaboration and a shared commitment to achieving common goals. As a testament to this team-oriented approach, the company has awarded bonuses to its employees on three separate occasions.