By Akinola Ajibade
Nigeria will in 2023 boasts of the largest Liquefied Petroleum Gas ( LPG) storage facility, with a view to make the product available to more Nigerians and further prevent scarcity, the Chief Executive officer, Ardova Plc, Mr Olumide Adeosun said this recently during a panel session titled: " Emerging Trends in Storage and Distribution of Petroleum Across Africa and Beyond".
The session took place during the Oil Trading Logistics (OTL), Africa Downstream Conference, in Lagos.
He seized the opportunity offered by the session to show a roadmap of Liquefied Petroleum Gas distribution in Africa.
Adeosun, also the Chairman, Major Oil Marketers Association of Nigeria (MOMAN), said that the country's largest LPG storage facility will come on stream later in 2023 with 20,000 metric tons in Ijora, Lagos.
He noted that LPG business is going to be well explored, in view of the fact that there is available market for it, coupled with the fact that the country has already declared a Decade of Gas. There is also 5000 metric tons each.
According to him, the liquid business is an open market for all to take advantage to exploit rather than explore,
“In gas infrastructure, there’s a lot of opportunities and it is our energy future consumption, therefore, we need to improve storage and distribution across the region.” h added.
The MOMAN Chairman advocated for a government transition programme and urged stakeholders and government to demonstrate support, show regulatory framework, commitment of investment infrastructure and meet the citizens need of adoption to LPG as cooking and commercial gas over biomass.
There is need to build and develop capacity to source for long term investors while collaborating with other countries to work together.
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