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Saturday, November 21, 2009 8:36 PM

Published 11/03/2009 by Energy Business Review


Oando To Upgrade Its LPG Terminal At Lagos, Nigeria

Oando PLC (Oando), a Nigeria-based integrated energy solutions provider, has concluded plans to upgrade its liquefied petroleum gas (LPG) terminal at Apapa, Lagos, to a 7,600 MT capacity ultra-modern terminal. This initiative is in line with Oando's commitment to ensure adequate availability of LPG (cooking...

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What others report on the same story

Nigeria: Oando to Be Listed On London Stock Exc...
Lagos Oando Plc., a Nigerian oil company, has applied to be lisited on the London Stock Exchange. It will be following the earlier move by Guaranty Trust Bank Plc., ... - [11/03/2009 - AllAfrica.com]
Nigeria: Oando Upgrades LPG Terminal to 7600 MT - [11/03/2009 - AllAfrica.com]
Oando to upgrade LPG terminal, awards N100m eng... - [11/04/2009 - Nigeria Guardian]
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Quotes

...Marketing states; "With this contract, we have moved the project a step closer to commercialisation. Increasing product reception capacity supports abundance of product stock. In turn, this will guarantee retail availability and make gas more affordable. Our ultimate objective is to encourage consumers to switch from wood and kerosene to cleaner and safer cooking gas. Oando is also committed to product storage optimisation with an effective market-leading freight system that will achieve two to three complete storage turns per month."
Oando To Upgrade Its LPG Terminal At Lagos, Nigeria [Energy Business Review - 11/03/2009]
...Oando said, "It is regrettable that despite Nigeria being the world's 7th largest in gas reserves with 187 trillion cubic feet (tcf), the country has the lowest per capital consumption of LPG in the whole of Africa at only 0.45kg/person/annum, due to a lack of adequate infrastructure. For instance, the country has less than 20,000 MT functioning LPG shoreline storage available today as against the required 100,000 MT. Our ultra-modern terminal when completed by 2011, will provide in excess of 20% of the total storage requirement of the entire nation. This bold step underpins Oando's commitment to put an end to Nigeria's perpetual LPG shortages in the long term."
Oando To Upgrade Its LPG Terminal At Lagos, Nigeria [Energy Business Review - 11/03/2009]
"As inadequacies exist right across the supply chain, we will also enhance product availability at the retail end by injecting 100,000 units of high grade cylinders annually. All these are geared toward ensuring that we maintain market leadership in a profitable sector and thus increase return to our shareholders" Tinubu adds
Oando To Upgrade Its LPG Terminal At Lagos, Nigeria [Energy Business Review - 11/03/2009]

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