Asiko Energy, one of the leading independent clean energy utilities and infrastructure providers in West Africa, founded by Nigerian Chemical Engineer Felix Ekundayo, has completed a 5,000-tonne liquefied petroleum gas terminal in Lagos, adding storage, blending and distribution capacity as Nigeria pushes to increase domestic gas use.

The Ijora facility is designed to handle LPG and propane from Nigerian producers, including supplies that previously moved into export markets.

The fully mounded terminal can receive LPG from Nigeria LNG Ltd. and other domestic producers before feeding Asiko’s distribution network across the hinterland.

Its location in Lagos also positions the company closer to import infrastructure, industrial customers and the transport routes serving Nigeria’s large and growing cooking-gas market.

Blending targets lower costs

The terminal includes in-line blending equipment that allows imported LPG to be mixed with other supplies as cargo is discharged from ships. Felix Ekundayo, Asiko’s chief executive officer, said the setup would help bring more gas into Nigeria’s domestic market and create additional flexibility in sourcing LPG for consumers.

Ekundayo said Asiko had about 150 employees before the project and expects the terminal alone to double its workforce. Planned natural gas projects could add a similar number of jobs, he said, underscoring the company’s broader expansion beyond LPG into other parts of the gas value chain.

“The significance of the project is that it allows us to receive gas from NLNG and other producers, Nigerian producers, bring that gas that was previously isolated on islands and exported,” Ekundayo said. “We can now bring that gas into the country and distribute it.”

Final work is underway at the terminal, including instrumentation and electrical installations, while valves and emergency systems are being tested. Asiko expects those activities to be completed within weeks and plans to receive its first ship cargo in November, according to Ekundayo.

Expanding beyond LPG

Asiko is also preparing to build compressed natural gas facilities at two locations before moving into liquefied natural gas operations. The company already operates in Kano, Abuja and Edo state and is expanding into the Port Harcourt and wider Rivers state market as demand for gas infrastructure grows.

Ekundayo said the terminal’s blending capability could help reduce cooking-gas prices by allowing Asiko to use cheaper LPG that does not initially meet the required specification. By combining different streams to reach the appropriate standard, the company expects to widen sourcing options while maintaining the quality needed for distribution.

Alex Ogedegbe, chairman of Asiko Energy Holdings, said the project reflected investment and collaboration across the company’s partners. “Today, we are not merely opening a terminal. We are opening another chapter in Nigeria’s gas story,” Ogedegbe said at the commissioning ceremony.

Founded in 2006 by Felix Ekundayo, Asiko Energy Holdings is an independent clean energy utility and infrastructure company focused on LPG, propane, LNG and renewable energy. Ekundayo, a chemical engineer with more than 30 years of oil and gas experience, previously worked as a senior consultant with Nexant Ltd., an energy industry management consultancy.