0
View Post
NLNG Seals Deal with Asiko Energy and Others for  Domestic LNG Supply

NLNG Seals Deal with Asiko Energy and Others for Domestic LNG Supply

THE nation’s gas utilization, received a major boost as the Nigeria LNG Limited, NLNG, signed Sales and Purchase Agreements, SPAs, with Asiko Energy and two other companies to deliver 1.1 million tonnes of Liquefied Natural Gas, LNG annually to the domestic market.

This is even as stakeholders have concluded plans to conduct the groundbreaking of the nation’s $12 billion LNG Train 7 project next week.

However, the agreements with Asiko Power Limited, Bridport Energy Limited and Gas-Plus Synergy Limited are expected to boost gas supply to power, industries, and domestic use.

Speaking at the event in Abuja, the Managing Director of Asiko Power Limited, Mr. Felix Ekundayo observed that though the deal took long in the making, it would revolutionize the gas supply market in the country. Also at the event Managing Director of NLNG, Mr. Tony Attah said the SPAs will facilitate the project execution and development of infrastructure led by off-takers to aid LNG delivery into the domestic market.

Specifically, he said: “Our commitment, as a corporate entity, to unlocking gas utilization is now backed by the execution of Sales and Purchase Agreements (SPAs) to supply 1.1 Million Tonnes Per Annum (MTPA) of LNG on DES basis to Asiko Power Limited, Bridport Energy Limited, and Gas-Plus Synergy Limited. The SPAs will facilitate the project execution and development of infrastructure led by off-takers to aid LNG delivery into the domestic market.  

“The execution of these SPAs follows a Domestic LNG (DLNG) Workshop was held in November 2019 to stress test the delivery model with industry stakeholders and a series of engagements to identify suitable actors to co-create the initiative and stimulate market interest for potential off-takers.”

He said: “With Nigeria’s enormous gas reserves, I am not in doubt that with the right drive from the government and the support of corporate organizations, we as a nation can stand with our head held high to be counted among major players. The government has demonstrated its readiness to take the gas sector to the next level by declaring this decade our nation’s Decade of Gas.

“We believe this will be the decade for us to leverage on our gas reserves to accelerate our power generation solutions through Gas-to-Power projects. It will be the decade when as a nation we stop reporting deaths from pollution through the use of wood and solid fuels as domestic energy sources. And it will be the decade for empowering local SMEs to take advantage of the various investment opportunities that the Decade of Gas will attract.”

Commenting on the LNG Train 7, he said: “addition to the Domestic LNG Scheme, we have the ongoing Train 7 project with the capacity to attract about $10bn in foreign direct investment. We are also looking to expand the LPG value chain by increasing our supply to the domestic market, guaranteeing LPG supply and enhancing its affordability, and enabling the development of a value network for a sustainable ecosystem.”

He added: “May I stress again that this is a collaborative effort, and the active participation of all stakeholders will be required for us as a nation to reach the Promised Land and to attain the dream of economic expansion, industrialization, and improved opportunities for all Nigerians, flying on the wings of gas. It is time for gas.”

0

Asiko Power installs 3 LPG Fired engines for an A-list health facility in Lagos

Clean energy? We got it!!! 3units of Asiko Power LPG Fired engines installed for an A-list health facility in Lagos. The energy revolution is on course

Gas fired engines powering an A-list health facility in Victoria Island
0

Asiko Energy and WINLPG host maiden edition of Secondary School LPG Advocacy Project

The Women in LPG (WINLPG) Nigeria Chapter, had the maiden edition of their Secondary School LPG Advocacy Project, geared towards increased awareness of LPG and its uses among secondary school students. The project also aims at demonstrating how LPG use can help attain some of the sustainable development goals,. This campaign was held at the Herbert Macauley Girls Secondary School, Sabo Yaba. Oyindamola Ogunjide and Sebilat Adigun of Asiko Energy, together with other members of WINLPG Nigeria chapter, were on hand to educate the young girls on the safe use of LPG, its abundance in Nigeria, and its ability to meet some of the SDGs such as Good health and wellbeing (SDG 3), affordable energy (SDG 7), industry, innovation and infrastructure (SDG 9) and combat climate change (SDG13). The use of Asiko’s instantaneous LPG fired water heater was demonstrated to the girls. The tankless water heater, which is able to raise the temperature of water by about 25 degrees Celsius with just the turn of a faucet was introduced to the girls as a sustainable source of hot water for domestic and industrial use. Kudos to the hashtag#Winlpg. Well done ladies!!!hashtag#thinkglobalactlocalhashtag#howcanLPGmakemylagosbetter

No alternative text description for this image

No alternative text description for this image
No alternative text description for this image
0

Asiko Power Limited showcases exhibition at Nigeria LPG Summit 2019

The LPG market in Nigeria has had a fairly steady rate of increase in the last 10 years. From less than 50,000 tonnes per annum in the 90’s to over 600,000 tonnes per annum presently. Good gains I suppose ? But, do you know that Nigeria, with a population of 150 million people consumed 120,000 metric tonnes of LPG in 2010, while Senegal with a population less than a 10th of our population (10.2 million people) at the time, consumed more LPG (134,000MT) in the same year ? How much of the LPG consumed in Nigeria is utilized for industrial applications? Can we further develop the industrial LPG market? Is there room for growth in the domestic LPG market? Are we leading industrialization in Africa using LPG or are we trailing the park in LPG consumption in Africa? Can LPG accelerate our growth in Nigeria ? Join us at the upcoming LPG summit in November as we engage industry experts and players towards asking the right questions and taking the right actions. Asiko Power Limited will be present at the summit. Visit us at booth AP04. We would like to share our energy-saving ideas and solutions with you. Finally, let’s share a secret with you. The distinguished vice president of Nigeria, Professor Yemi Osinbajo will be present. 🙂

NLPGA
0

MD/CEO of Asiko Power Limited, Mr Felix Ekundayo will be a speaker @ Energy Sustainability Conference

Join us the Energy Sustainability Conference by EI where the MD/CEO of Asiko Power Limited, Mr Felix Ekundayo will be a speaker. He’ll be speaking on the topic: “Liquid Petroleum : Industrializing the sector, Stretching the value chain.

No alternative text description for this image
0

The MD of Asiko Power Limited, and members of the NLPGA exco, meets with the vice president of Nigeria

The MD of Asiko Power Limited, Mr Felix Ekundayo, alongside other members of the NLPGA exco, meeting with the vice president of Nigeria, Prof Yemi Osibanjo (GCON) at the Aso Villa, Abuja.

No alternative text description for this image



0

Asiko Energy acquires four 750kVA gas engines ready for captive power projects

Power is critical to accomplishing our goals, and we are putting our resources where it’s most required. Asiko Energy has acquired four 750kVA gas engines ready for captive power projects anywhere in the country. Gas engines today have the advantage of low operational cost and cleanliness when compared to Diesel engines. The advantage of cleanliness allows us the opportunity to harness the “waste heat” for productive purposes such as heating and cooling, in effect increasing the overall efficiency of the engine to >80%. The engines are dual fuel and can be switched between LPG and Natural Gas use with ease. Let’s help you accomplish your goals…

No alternative text description for this image
0

Asiko Sponsors Free Heart Surgery at UNTH

Asiko Power Limited  in a bid to fulfil its corporate social responsibility has demonstrated its strong commitment to the promotion of good health of Nigerians through the sponsorship of free paediatric heart surgery mission carried out by a team of Indian doctors at the University of Nigeria Teaching Hospital (UNTH), Enugu State.The sponsorship was in conjuction with the Catholic Church’s Spiritual Self Awareness Initiative.

25 children benefited from the free open heart surgeries which lasted for eleven days,
Leader of the five Indian doctors, Dr. Shush Katewa who said he had performed closed to 5000 paediatric cardiac surgeries in the last ten years expressed satisfaction in his contribution to the saving of lives of many children through the free paediatric cardiac surgeries. According to him, one out of every 100 children born has a heart defect. Most of them, he said, occur in developing countries. “Most of these children die because they are not diagnosed.

0

GAS TERMINALLING COMMISSIONS IJORA PHASE II PLANT LAGOS

untitled

Gas Terminalling commissioned a Propane/LPG  storage plant of capacity  60 MT X 3 as a strategic move for dynamic market of Lagos. These storage tanks would not only serve  uninterrupted supplies to loyal customers but also meet customized product mix for special customers. This single large storage is at a  strategic location well connected with all terminals.

0
View Post
DO MORE WITH GAS: ASIKO ENERGY ATTRACTS OVER 500 VISITORS AT INAUGURAL LPGAS EXPO

DO MORE WITH GAS: ASIKO ENERGY ATTRACTS OVER 500 VISITORS AT INAUGURAL LPGAS EXPO

07-IMG_2350

Asiko Power Limited hosted its Inaugural LPGas Energy Exposition on the 29th of September 2015 at the Federal Palace Hotel, Victoria Island, Lagos.

This past year, major oil price shifts, changes in capital investment budgets and the general economic landscape has made the energy industry particularly dynamic. Gas, as an alternative to liquid fuels are more efficient, cleaner and offer significant savings in operating and maintenance costs when compared with conventional diesel fired power plants.

Continue Reading →