Techno Oil Boss Calls for Govt Funding for Gas Terminal Construction

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      …As Nigeria’s LPG storage capacity now 69,698MT
The Group Managing Director, Techno Oil, Mrs. Nkechi Obi, has said that the 8,400MT-capacity LPG terminal built at Apapa by the company, would generate up to 2,000 jobs in the months ahead.

She said that the terminal, which was commissioned on Wednesday by the minister of state, petroleum resources, Chief Timipre Sylva, is Techno Oils’ 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,” she said.

[Also Read] Techno Oil set to unveil LPG cylinder manufacturing plant

Obi pleaded with government to provide funding to industrialists to build key facilities such as the one commissioned. “Government should consider reactivating its butanisation plants and also building new ones across the country to guarantee LPG availability nationwide,” she said.

In his comments, the minister said on the Liquefied Petroleum Gas storage capacity in the country has risen to 69,698 metric tonnes following the construction of a new terminal by Techno Oil Limited.

The minister, who was represented by the deputy director, department of petroleum resources, Dr Musa Zaki, said, “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.

[Also Read] Sylva inaugurates Techno Oil 8,400MT LPG terminal in Lagos

“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.”

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

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

[Also Read] FG to Unveil Techno Oil LPG Lagos Terminal, Nov. 18

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

By Chibisi Ohakah, Abuja

More Nigeria Oil and Gas Industry News on Orient Energy Review.


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