Asiko Targets LPG Price Cut with 5000MT Plant
Peter Uzoho Asiko Energy Holdings has said it is targeting a reduction in cooking gas prices as its fully mounded 5000 metric tons Liquefied Petroleum Gas (LPG) and Propane terminal
Asiko Energy Holdings aims to lower cooking gas prices with its new 5,000 metric tons Liquefied Petroleum Gas (LPG) and Propane terminal in Ijora, Lagos. The facility, which recently completed construction, will be able to blend cheaper cooking gas grades for the domestic market. The terminal, managed by Felix Ekundayo, features five 1,000MT propane-rated tanks and a 1.7km underground pipeline connecting to three jetty points at Apapa Port.
Ekundayo explained that the terminal was built to accommodate LPG from other producers, which may be cheaper but require blending to meet market specifications. The facility includes blending skids for immediate truck loading and in-tank blending pumps. The project is funded by the Nigerian Midstream and Downstream Gas Infrastructure Fund (MDGIF), a crucial partner in bringing this phase and the next LNG phase to fruition.
Asiko Energy Board Chairman, Alex Ogedengbe, emphasized that the vision behind the terminal started 20 years ago and represents a national effort to transition gas opportunities into impactful solutions.
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