Amuwo-Odofin local government area has yet again received the launch of a newly built 8000 metric tons capacity Liquefied Petroleum Gas (LPG) tank, with a fleet capacity of 40 trucks.
The newly built gas tank by Rainoil Limited at the ijegun axis of the local government area was launched in a bid to deepen cooking gas penetration in the country.
The Group Managing Director of Rainoil Limited, Dr Gabriel Ogbechie, in his welcome address, at the inauguration of the facility sited at Ijegun, Satellite Town, Lagos said the company’s decision to invest in growing the LPG sector started in 2018.
According to him, Rainoil Gas would meet the energy needs of customers at the retail end in the coming months.
Also, the Minister of State for Petroleum Resources, Chief Timipre Sylva while inaugurating the LPG business, which will trade as ‘Rainoil Gas described Rainoil as a leading integrated company operating in the downstream sector of the Nigerian oil and gas industry and a strong partner with government in the utilization and development of the gas sector in the country.
Sylva said the company was working in line with the vision of the federal government in making gas a preferred fuel in the country.
Rainoil’s investment in gas development aligns with President Muhammadu Buhari’s agenda in the National Gas Expansion Programme (NGEP), adding that the government has declared 2020 as “the year of gas”, the minister noted that.
The minister stated that the country has sufficient gas reserves to meet its energy needs and that he was happy to see Rainoil align with the governments drive to deepen LPG penetration and attain 5million mt of LPG consumption by 2022.
Also in attendance of the inauguration, was the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari.
Kyari in his remarks decried Nigeria’s current status as a net importer of petroleum products.
He, however, noted that NNPC was ever ready and willing to support every company making effort in accomplishing the federal government’s developmental agenda.