Lagos LPG Terminal Aims to Cut Cooking Gas Prices with Cheaper Supplies

A new Liquefied Petroleum Gas (LPG) and propane terminal in Lagos is expected to help lower cooking gas prices, which have hovered around N1,400 and N1,500 per kilogramme. The Managing Director of Asiko Energy Holdings Limited, Felix Ekundayo, said the facility was designed to receive a wider variety of LPG from producers offering cheaper supplies.

The terminal has a capacity of about 5,000 metric tonnes and has been connected to three of the largest jetties used for LPG deliveries into Nigeria. Ekundayo explained that the company had invested substantially in the infrastructure required to make the terminal operational, including an underground pipeline and facilities for safe handling and storage of LPG.

Asiko Energy Holdings Limited is already planning to expand beyond LPG into LNG, with additional storage facilities to be constructed as part of the next phase of the project. Ekundayo noted that the LNG expansion would require additional investment and would eventually enable the company to supply LNG and natural gas into pipelines and other locations.