Energy & Mining International - Winter 2016 - 32

E
M
I

ADMIRAL LPG

WINTER 2016
LNG/LPG SPOTLIGHT

Admiral LPG has steadily risen its
profile since its founding, but Morales
says new activity in the energy market
has kept it especially busy for the past
two years. "The biggest thing is the
opportunities that all of the fracking
has opened for LPG," he explains.
Propane used to be priced similarly to
diesel fuel, but the fracking gas boom
has disrupted the market, driven down
prices and made LPG more accessible
to a wider group of end-users.

RISING LPG DEMAND

Admiral LPG's reputation allows it to take on many projects,.
such as the construction of a concrete ringwall foundation for an LPG tank..

partner Dave Bayer, a retired U.S. Navy
captain who was once the fleet manager for Tropigas' ocean-going tanker
fleet. Bayer handled the shipping side
of the business while Morales focused
on the operations and land-based areas.
Eventually, the two branched out
into providing training for tanker
terminals on ship-to-shore interfaces.
Using their experiences, Morales and
Bayer taught terminal and tanker staffs
how to bridge different standards, languages and operating cultures. "When
you bring a tanker into your facility,
you're bringing two different cultures together for 36 hours," Morales
explains. Admiral LPG eventually progressed into designing and engineering
work for facilities, safety audits and
accident investigations. Bayer retired
a few years ago and Morales continued
on with the business as the sole owner.

GROWING THE MARKET
During the past 17 years, Admiral LPG
has been a part of many of the largest
32 emi-magazine.com

energy projects throughout Central
America and the Caribbean. Its portfolio includes a 2.1-million-barrel-capacity facility for bunkers and diesel fuel
on an island near the Pacific entrance
to the Panama Canal, power plant
conversions to propane and engineering support for Trafigura Terminals in
Corpus Christi, Texas. The company
has also acted as the project manager
for the Costal Petroleum Dominican
Project, a 780,000-barrel, fully refrigerated storage facility in the Dominican Republic, and for a jet fuel terminal
on the Pacific side of the Panama Canal.
The company does not have internal
construction teams. With projects dotted across several Caribbean islands
and Central America, Morales says it
would be too great of a cost to transport in-house crews to every job in the
region. Instead, Admiral LPG seeks out
agreements with reputable contractors
to complete the work. "Depending on
where the project is I try to use the
local talent," Morales adds.

For many Central American communities propane is now a viable alternative
to hydropower, which faces environmental opposition. Hydropower also
suffers from cyclical generation. In
Panama, the lengthy dry season can
leave hydropower plants dormant for
four months out of the year. LPG is
an alternative to plug those holes in
Panama's power supply as economic activity is increasing the nation's
energy demands by 110 MW per year.
"Panama has one of the fastest-growing
economies in the region right now,"
Morales says.
Admiral LPG's reputation and
Morales' 28 years of experience in the
industry have created opportunities for
the company. The demand for Admiral
LPG's services allows Morales to pick
and choose its projects.
Lately, the company has gravitated
toward guiding terminals in how to
expand their operations. A modest
terminal can turn a profit by importing
and distributing LPG for residential
use, but Morales says terminals are
discovering that if they build an LPG
power plant they can protect their
business for the next 30 years.
"We're helping putting these packages together for our customers so they
can actually get the benefit of larger
volumes for their facilities," Morales
says. "They have come to realize propane is here to stay." EMI


http://www.emi-magazine.com

Table of Contents for the Digital Edition of Energy & Mining International - Winter 2016

Contents
Energy & Mining International - Winter 2016 - Cover1
Energy & Mining International - Winter 2016 - Cover2
Energy & Mining International - Winter 2016 - 1
Energy & Mining International - Winter 2016 - 2
Energy & Mining International - Winter 2016 - Contents
Energy & Mining International - Winter 2016 - 4
Energy & Mining International - Winter 2016 - 5
Energy & Mining International - Winter 2016 - 6
Energy & Mining International - Winter 2016 - 7
Energy & Mining International - Winter 2016 - 8
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Energy & Mining International - Winter 2016 - 20
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Energy & Mining International - Winter 2016 - 26
Energy & Mining International - Winter 2016 - 27
Energy & Mining International - Winter 2016 - 28
Energy & Mining International - Winter 2016 - 29
Energy & Mining International - Winter 2016 - 30
Energy & Mining International - Winter 2016 - 31
Energy & Mining International - Winter 2016 - 32
Energy & Mining International - Winter 2016 - 33
Energy & Mining International - Winter 2016 - 34
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Energy & Mining International - Winter 2016 - 38
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Energy & Mining International - Winter 2016 - Cover3
Energy & Mining International - Winter 2016 - Cover4
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http://www.nxtbook.com/nxtbooks/knighthouse/emi_vol17issue3
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http://www.nxtbook.com/nxtbooks/phoenix/emi_2015fall
http://www.nxtbook.com/nxtbooks/phoenix/emi_2015summer
http://www.nxtbook.com/nxtbooks/phoenix/emi_2015spring
http://www.nxtbook.com/nxtbooks/phoenix/emi_2015winter
http://www.nxtbook.com/nxtbooks/phoenix/emi_2014fall
http://www.nxtbook.com/nxtbooks/phoenix/emi_2014summer_vol2
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http://www.nxtbook.com/nxtbooks/phoenix/emi_2012fallwinter
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