Asiko Deepens Gas Penetration with 300 Metric Tons LPG, CNG Depot in Edo

Peter Uzoho

Asiko Group, a provider of clean energy solutions operating in Nigeria’s energy sector, has unveiled its new multi-product 300 metric tons Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG) depot in Utesi, Ikpoba Okha Local Government Area of Edo State.

The firm said the facility was informed by its continuous drive 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.

It added that the project invariably aligned with the federal government’s priority objective to attain 5 million MT of LPG consumption by 2023.

Speaking at the inauguration ceremony, Chairman of Asiko Group, Alex Ogedegbe, stated that the gas potential of Nigeria was enormous and the LPG/CNG depot was designed to provide the much-needed energy solution to Nigeria and beyond.

Ogedegbe 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 (LNG).

“Currently, it stores LPG and CNG, with plans for future development to enable the storage of LNG in the near future. The 300MT depot, the biggest in Benin, marks an added step towards contributing to a clean energy future and the realisation of the Federal Government’s decade of gas initiative.

“We have not consumed up to 5 per cent of the gas deposit in Nigeria today. Imagine how much we can distribute to Nigerian society and beyond if we have installations and facilities like this that we are commissioning today.”