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Thursday, September 29, 2022

Asiko Energy to construct 5000MT of propane, LPG storage terminal

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Liquefied petroleum gas (LPG) has become more widely available to Nigerians thanks to Asiko Energy, one of Nigeria’s largest electricity and gas distribution businesses.

The dual-liquefied gas storage terminal in Ijora, Lagos State, has begun its groundbreaking exercise, and when it is finished, the facility will house 5000 metric tons (MT) of propane or liquefied petroleum gas storage and a 30 million-liter LNG storage tank.

When it’s finished, the terminal under construction will be the country’s first dual liquified gas fuel terminal, capable of receiving, storing, and distributing both LPG and LNG fuel at the same location.

While speaking at the event, Asiko Energy Managing Director Felix Ekundayo said: “The result of our company’s dedication and hard work over a number of years is this project.” This will be Africa’s first land-based LNG receiving terminal as we begin building on our propane/LPG terminal, which will include a full containment tank. “

He praised the board of directors, shareholders, colleagues, investors, and long-term supply partner, Nigeria LNG (NLNG) Limited, for their support over the past 15 years.

Optech Engineering PVT of India serves as the EPC contractor, while ILF Engineers Nigeria Limited serves as the project manager for the facility’s construction in Nigeria (PMC). One of the contractors is Cozym Process Systems (the pipeline), while the other is AYF Development Limited (the civils).

After a 15-year history, Asiko Energy has pioneered the development of captive power solutions for commercial and industrial applications by utilizing DLPG (domestic LPG) distribution (using LPG).

Since signing a deal with the NLNG to distribute LNG domestically, Asiko is the only company in Nigeria involved with both LPG and LNG distribution.

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