Rainoil launches new LPG plant to boost cooking gas usage in Nigeria

NIGERIA – Rainoil Limited, one of Nigeria’s integrated downstream oil and gas company, has launched a new Liquefied Petroleum Gas plant in the country’s financial capital, Lagos.

The inauguration ceremony of the new plant with a tank capacity of 8,000 metric tonnes was presided over by Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva.

Mr. Sylva in his speech said the establishment of the plant aligned with the Federal Government’s drive to deepen cooking gas penetration and attain five million MT of LPG consumption by 2022.

The inauguration was also attended by Group Managing Director of Nigerian National Petroleum Corporation, Mele Kyari.

 “Rainoil is really working in tandem with the vision of the Federal Government in making gas a preferred fuel in the country,” the NNPC boss commented.

He further noted that Energy is very important in the global economy adding that he was glad that Nigerians are playing key roles in the oil and gas industry.

The NNPC GMD further commended Rainoil for partnering with the government to boost domestic gas utilisation and the development of the gas sector in the country.

“We believe that gas is our next instrument for developing our economy, and we commend Rainoil for its effort in ensuring the use of gas in the country,” Kyari said.

The Group Managing Director, Rainoil Limited, Dr Gabriel Ogbechie, revealed that his company made the decision to invest in growing the LPG sector in 2018.

“Our investment in the project is substantial as we now account for 16.6 per cent of the LPG storage in the country,” Ogbechie explained.

Ogbechie expressed his confidence that RainOil’s investment will increase domestic storage flexibility for LGP and provide direct and indirect employment opportunities, including training, skills acquisition, transfer and enhancement.

 He further noted that the new LPG will also contribute to environmental protection through helping in reducing gas flaring and encouraging the use of cleaner fuel.

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