Rainoil launches 8000MT gas facility in Lagos

Rainoil Limited has launched its Liquified Petroleum Gas (LPG) facility with 8000 metric tonne (MT) tank capacity and a fleet with 40 LPG trucks.

Its management said, the project aligns with the Federal Government’s priority objective to attain 5 million MT of LPG consumption by 2022.

• Rainoil targets Grand Slams for Nigerian players
• Boko Haram kills 223 civilians, 89 security agents in 7 months

Records show that Nigeria would need about $6 billion investment (over 10,000 trucks, 3000 filling plants) on this, and it could create over 1m jobs across the LPG value chain.

Speaking at the commissioning of the ‘Rainoil Gas’ at Ijegun, Lagos, the Minister of State for Petroleum Resources, Chief Timipre Sylva, lauded the firm for its move to boost domestic utilization and gas penetration in the country.

“I am excited at what I’m seeing here today. Everything can speak for itself.

“As you can see, energy is very important in the global economy and I am glad that Nigerian’s are playing key roles in the oil and gas industry.”

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, said, “We believe that gas is our next instrument for developing our economy, and we commend Rainoil in its effort in ensuring the use of gas in the country.”

The GMD, Rainoil Limited, Dr. Gabriel Ogbechie said the decision to invest in growing the LPG sector started in 2018.

“Rainoil Gas will meet the energy needs of customers at the retail end in the coming months. There are filling plants in the process where LPG can be supplied in cylinders to consumers.”