Corporate News
Kenyan homes set to get piped with cheap cooking gas
A worker checks machinery and pipelines for oil production.Oil marketer Hashi Energy will from next year connect homes to piped gas in a process that will not only revolutionise the way cooking gas is sold in Kenya but also open a new battleground for control of the lucrative market. Photo/REUTERS
Posted Wednesday, November 23 2011 at 21:56
Rapid urbanisation, population growth and expansion of the middle class remain the main drivers of this shift in Kenya’s property market that is riding on nearly three decades of under-investment in mid-tier housing.
This is what firms such as Hashi Energy—whose marketshare of Kenya’s oil market stood at 1.5 per cent in September—are targeting for a larger footprint in the market.
The firm is banking on its 420- tonne gas storage facility in Mombasa and its 150-tonnes Nairobi facility to take in players such as Shell, Total and Kenolkobil.
It sells its gas in bulk to rival oil marketers, hotels and hospitals, but recently launched its branded gas for a piece of the retail market.
pmutegi@ke.nationmedia.com
RSS