About Us
Asiko is not only an indigenous entity, grown with indigenous talent, I am proud to say that we are a unique offering in the energy space in Africa with a specific strategic focus: delivering off- grid clean energy to every corner of Africa and becoming the largest independent utility company doing so spanning gas (Propane, LPG and LNG), as well as electricity.
Alex Ogedegbe
Chairman, Board of Directors
ASIKO ENERGY HOLDINGS LIMITED
Asiko Energy Holdings Limited (AEHL) is the holding company for a group of clean energy and renewable solutions companies
Gas Terminalling Global Operations Limited (GTGOL)
Gas Terminalling and Distribution Limited (GTDL)
Asiko Power Limited (APL)
Gas Terminalling Storage Limited (GTSL)
Asiko Hydrocarbon Company Limited (AHCL)
Asiko Carbon Zero Limited (ACZL)
Welcome to Asiko Energy Holdings, a leading provider of clean energy solutions in West Africa.
At Asiko Energy Holdings, we are dedicated to enabling a comprehensive network of clean energy solutions across West Africa. Our vision is to unlock the region’s clean energy potential by creating a future where sustainable, accessible, and innovative energy solutions power progress and prosperity.
Our Vision
Unlock West Africa's clean energy potential by creating a future where sustainable, accessible, and innovative energy solutions power the region's progress and prosperity.
Our Mission
Enabling a comprehensive network of clean energy solutions across West Africa.
Core Values
OPTI – Ownership, Professionalism, Teamwork and Integrity
OUR HISTORY
Established in 2006, our company has grown to become a leader in the energy sector, with a strong focus on LPG, LNG, and renewable energy sources.
The beginning
Company founded as LINETRALE GAS in early 2006, a Special Purpose Vehicle (SPV), by founding companies: Asiko Gas, Linetrale Oil and Bronwen Energy. The company’s raison d'etre was to establish itself as the leading independent LPG supply, logistics and distribution company in Nigeria
The original plan
In early 2007 the company commenced the multimillion-dollar front-end engineering design
(FEED) for a 30,000MT receiving terminal to be sited in the Apapa Port of Lagos. The development attains Department of Petroleum Approval and World Bank environmental and social
impact clearance.
Introduction to the market
27th of December 2007 the company commences trading LPG during a period of tight supply to the whole country. Our introduction into the market relieved a bottleneck in supply, which had to
that point driven LPG prices sky high. As a consequence, national LPG had declined to 60,000MT. Within months of commencement of operations, the company, along with 5 other pioneer
offtakers, had managed to reduce retail LPG prices nationally by 50%.
Realising plan
Our company acquires land in Ijora for the Lagos depot to develop into its central distribution hub
for South West. In October 2008, we acquired the Kano gas depot from a Kano family marking
the commencement of our distribution business. We started our first retail/commercial operations
selling to end users, distributors and a major national insecticide manufacturing company. We
conclude investment discussions with Africa Capital Alliance, Nigeria’s largest Private Equity
company, resulting in the injection of US$3.2 million in equity in the company by the CAPE II
fund
Introduction to the market
By the end of 2008, the deepening global financial crisis derails the final investment decision (FID) for the planned 30,000MT coastal terminal bringing about a period of contraction for the company. Fortunately, though, the company had managed to place a large order for equipment just before the onset. This equipment was to sustain the company through some of the challenging years that followed.
Perseverance in a challenging period
The company leases the Abuja gas depot from a local family, in keeping with our tradition of working with local communities and expertise. Amid some very challenging times the company re-strategizes to focus on its distribution depots and proceeds to upgrade the Kano and Abuja facilities with equipment procured f the abandoned terminal.
Getting back on track
The Company secures additional funding through ACA from the CAPE II fund bringing ACA’s total investment to US$7.5 million.
Getting back on track
A rudimentary gas operation is established at the Ijora site to service Guinness as its sole customer.
Our Lite Gas® Brand is established and our first corporate branded cylinders (size 6.25kg) are fabricated and delivered.
Getting back on track
The Company changes its name from Linetrale Gas Limited to Gas Terminalling Global Operations Limited.
Restructure
Further to the approach of one of the World's largest physical commodity traders, the Company undergoes financial and management restructuring thereby commencing a new growth chapter. A controlling interest is acquired by Asiko Energy Holdings Limited (AEHL) under a group structure with the injection of new equity and via a rights issue.
Implementing the vision
Gas Terminalling becomes the General Distributor for Bosch for their instantaneous water heaters. The company also secures a partnership relationship with Bosch for marketing their industrial boilers (hot water and steam).
Implementing the vision
The company purchases a brand-new fleet of LPG tankers with a 40% improved capacity than competing fleets. This introduces better economies of scale in transportation.
Implementing the vision
The rollout of our Mini Gas Outlets takes LPG sales through our Lite Gas® brand to the last mile
with the end user
Implementing the vision
The company secures a new round of investment from Africa Capital Alliance from the CAPE II fund.
Dawn of a Brighter Day
The company gets awarded a DomLNG contract by Nigeria LNG Limited (NLNG) to facilitate domestic gas penetration.
Dawn of a Brighter Day
Ground-breaking of fully-mounded Propane, LNG Terminal in Ijora.
New beginnings
The company receives its 1st private corporate bond issued by infracredit for expansion
New beginnings
Financial close on Propane, LPG terminal received
Our Key Projects
The Ijora Propane
Project
The Ijora Propane Project is a fully-mounded propane-rated terminal for the storage of liquefied petroleum (LPG).
The Ijora LNG
Project
The Ijora LNG Project is Nigeria's 1st fully contained in-land liquefied natural gas (LNG) storage facility with a 30,000CuM capacity.
