Newsletter Subscription

The ground-breaking ceremony for the constriction of the gas storage terminal located took place on December 13, 2021.

On completion, the facility will have the capacity to store 5000 metric tonnes of Propane/LPG, and will also have a 30 million litres LNG storage tank. The gas storage terminal will be Nigeria’s first dual liquefied gas fuel terminal which will be able to receive, store and distribute LPG, butane, propane and LNG.

Felix Ekundayo, Managing Director of Asiko Energy, said at the groundbreaking ceremony that the project was the result of several years of hard work and dedication. He added “As we start the construction of our propane/LPG terminal, we are also laying the foundation for a co-located LNG terminal comprising of a full containment tank making this the first land-based LNG receiving terminal on the continent”.

Construction works for the gas storage terminal is being undertaken by OPTECH Engineering Pvt Ltd, India, who are EPC contractors on the project. The construction work is being supervised by ILF Engineers Nigeria Limited, who are the project management consultants (PMC) on the project. Other contractors involved in the project are COzym Process Systems (pipeline) and AYF Development Limited (Civils).

Asiko Energy is a power and gas distribution company, based in Lagos, Nigeria. The company has been operating in Nigeria for the last 15 years, initially starting operations under the domestic LPG distribution initiative and subsequently venturing into captive power solutions for commercial and industrial applications.

Asiko Energy has also signed a contract with Nigeria LNG Limited (NLNG) for the domestic distribution of LNG in Nigeria, thus making it the sole company in Nigeria to distribute both LPG and LNG domestically.

Top Photo: LPG Cargo Ship docked at a port (Akiyoko74 | Dreamstime)