By Francis Ogwo
Nigeria’s storage capacity of cooking gas has reached 69,968MT as announced by the Minister of State for Petroleum Resources, Chief Timipre Sylva, on Thursday, while inaugurating the 8,400 MT capacity Liquified Petroleum Gas (LPG) terminal in Kirikiri, Lagos, built by Techno Oil.
The minister represented by Deputy Director, Department of Petroleum Resources (DPR), Dr. Musa Zaki, applauded the effort of the company in meeting the gas needs of the country.
This development according to the minister has pushed up the LPG depots in the country to 12 with a total storage capacity of 69,698MT.
Speaking further, the Minister said the great milestone reached by the company is in line with the national aspiration of deepening LPG (cooking gas) in the country and that the LPG gas terminal will facilitate job and wealth creation by reducing deforestation and greenhouse emissions and promoting domestic gas value chain development in the nation.
The LPG terminal is expected to pivot Lagos State and Nigeria at large to a gas-powered economy, which would offer an array of economic and environmental benefits to its residents. The terminal is expected to generate up to 2,000 jobs in the months ahead.