Oil & Gas

18 Sep 2023

Edo Gets New 300MT LPG Plant

18 Sep 2023  by punchng   

Asiko Group, a provider of clean energy solutions, has unveiled 300 metric tonnes of liquefied petroleum gas and compressed natural gas in Edo State.

In a statement on Sunday, the firm said the project located at Utesi, Ikpoba-Okha Local Government Area of the state, aligned with the Federal Government’s priority objective to attain five million MT of LPG consumption by 2023.

The statement said the firm had continued to contribute to the economic development of the country with its sterling efforts to ensure in-country utilisation and deepening of gas penetration in the nation.

Speaking at the official commissioning of the gas depot, the Chairman of the Asiko Group, Alex Ogedegbe, said that the gas potential of Nigeria was enormously huge, and the LPG/CNG depot was designed to provide the needed energy solution to Nigeria and beyond.

He said, “Today, we are excited to launch our 300MT LPG and CNG depot. The multi-product gas depot, promises to improve gas availability and distribution in the region. The LPG/CNG depot is poised to become a hub for a wide range of gas products.

“Under its licensing agreement, the depot is authorised to store propane, LPG, CNG, and liquefied natural gas. Currently, it stores LPG and CNG, with plans for future development to enable the storage of LNG in the near future.”

A Director at Asiko Group, Mr Abubakar Folami, said that the company had similar inland depots and plants across Nigeria, with an impressive inland propane and LNG terminal currently under construction in Ijora, Lagos.

Also speaking, the Utesi Community Head, Mr Monday Edo, said he was happy about the project commissioning.


More News