Octogon Gas & Logistics gets EUR 9.4 mln from Banca Transilvania for liquefied petroleum gas terminal

Octogon Gas & Logistics received a EUR 9.4 million financing from Banca Transilvania to build the largest Liquefied Petroleum Gas (LPG) marine terminal in the Midia – Navodari harbor. The terminal was scheduled to officially open on Thursday, October 7. The project took around a year to be completed. The terminal covers 24,000 sqm and is completely automated. It can be further expanded due to the large storage capacity. Its potential is to become one of the main players on the Liquefied Petroleum Gas market in Central and Eastern Europe, according to the investors. Octogon Gas & Logistics is run by Bogdan Idu, general manager of the company. Romania-insider.com