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LPG storage capacity reaches 69,698MT – Sylva

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The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that Nigeria’s Liquefied Petroleum Gas storage capacity has risen to 69, 698 metric tonnes following the construction of a new terminal by Techno Oil Limited.

The minister stated this on Wednesday in Lagos at the inauguration of the 8, 400 MT -capacity LPG terminal built at Apapa by the company.

“Indeed, Nigeria has earmarked the year 2020 to be the beginning of the Decade of Gas, in which the National Economy is planned to be expanded and powered by the abundant natural gas resources of the country, Sylva said who was represented by the Deputy Director, Department of Petroleum Resources, Dr Musa Zaki said.

“Central to such national aspiration is the deepening of LPG penetration, whereby both domestic and commercial food cooking is expected to be fuelled by LPG as a complete alternative to all existing cooking fuels, most especially firewood.”

He also noted the quest to have a good percentage of automobiles converted or designed from factories to run on LPG.

Sylva added, “With an LPG cylinder manufacturing plant of 5 million per annum and commissioning of this 8, 400 MT automated terminal, the company is no doubt set out to provide an end-to-end solution in the domestic LPG industry,”.

According to him, there are now 12 LPG depots in the country, with a total storage capacity of 69, 698MT.

On her part, the Group Managing Director, Techno Oil, Mrs Nkechi Obi, said the construction of the terminal which she said would generate up to 2, 000 jobs in the months ahead, started in November 2016.

She said “The project is our humble contribution at bridging infrastructural gap hindering LPG adoption in Nigeria. It is also our own contribution towards promoting and contributing to the LPG value chain and creating a clean, safe and healthier environment,”.

Obi said, “We plead with the government to provide funding to industrialists in building key facilities such as the one being commissioned.

“Government should consider reactivating its brutalisation plants and also building new ones across the country to guarantee LPG availability nationwide.”

Source PUNCH
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