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Economic development in Africa: Asiko deepens its penetration of gas, the LPG/CNG deposit promoted in Nigeria

18/09/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Asiko continued to contribute to Nigeria's economic development through its remarkable efforts to ensure the use and deepening of gas penetration in the country, by unveiling 300 metrics. In the Ikpoba Okha local government area in Edo State, he promoted the deposit of tons of liquefied petroleum gas (LPG) and compressed natural gas (CNG)

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The LPG/CNG deposit is consistently in line with the federal government's priority goal of reaching 5 million tons of LPG consumption by 2023. During the official commissioning of the gas deposit, Asiko Group President Alex Ogedegbe said that Nigeria's gas potential is extremely huge and that the LPG/CNG deposit is designed to provide a much-needed energy solution for Nigeria and beyond. “The LPG/CNG repository is becoming a hub for a wide range of gas products. Under its licensing agreement, the repository is authorized to store Propane, LPG (Liquefied Petroleum Gas), CNG (Compressed Natural Gas), and Liquefied Natural Gas (LNG). Currently, it stores LPG and CNG, with future development plans to enable LNG storage in the near future,” indicated Alex Ogedegbe

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