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Liquified Petroleum Gas Bulk Storage And Marketing; The Feasibility Report

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Nigeria is said to be a gas country with an estimated reserves  of 182 trillion cubic feet ( tcf) as recently disclosed by the ministry of petroleum , however , the Nigerian LPG industry  has grown slowly even with the intervention of Nigeria Liquefied Natural Gas (NLNG) in terms of regular supply of domestic gas.

The Federal Government, at the last African Summit of the World LP Gas Association, made a pronouncement that Nigeria would develop cooking gas market from the current 150,000 metric tones to one million MT per annum by 2015 .

Product Description

Although, the market is currently fraught with decayed infrastructure, the five- year growth projection of the Federal Government, according to Gas master plan , will attract investment across the LPG value chain from storage, logistics, to filling plants and cylinders, among others.

The  low patronage of LPG can be trace to lack of infrastructure  in the distribution of LPG .Infrastructure such as refrigerated shuttling vessel  & Bulk storage facility are inadequate in comparism   to the  ratio of domestic consumption .

Investment  in LPG Bulk storage is one of the numerous investment opportunities in the LPG value chain as  sub- distributors  (  re-filling plant  owners)  with bullet truck must purchase from bulk traders .

This report envisages setting-up LPG Bulk Storage Tank Farm , marketing & distribution business in any costal city,    The proposed plant will have a storage capacity of  (1,500 tons),and will hold a capacity of 1200 tons/month  allocated by one of the LPG producers (NLNG) OR it Off-Takers and this allocated LPG will be sold to the marketing companies (refilling plant ) through their gas supplying trucks.

Table of Content

Table of Contents:

1.0    Project profile

1.1    Opportunity rationale
1.2    Project Brief
1.3    Market entry time
1.4    Legal Status
1.5    Proposed storage capacity
1.6    Proposed cost
1.7    Break- Down of capital cost
1.8    Break – Down of working capital
1.9    Recommended project parameter
1.10    Proposed location
1.11    Site Feasibility

2.0    Key Success Factors

3.0    Sector and Industry Analysis

3.1    Sector characteristic & Overview
3.2    Sources of LPG in Nigeria

4.0    Market

4.1    Local  production of LPG
4.2    LPG producers in Nigeria
4.3    Production process of LPG
4.4    Market Information
4.5    LPG Value chain
4.6    LPG Bulk Storage facility in Nigeria
4.7    Market Demand
4.8    Nigeria current status ( Supply & Pricing)
4.9    LPG Consumption in Nigeria
4.10    SWOT Analysis

5.0    Product /Project standard and compliances issues

5.1    Pre-qualification  of LPG License
5.2    REGULATIONS AND CONDITIONS GOVERNING THE CONSTRUCTION OF LIQUEFIED PETROLEUM GAS (LPG) BULK STORAGE PLANT.
5.3    STORAGE TANKS DESIGN SPECIFICATIONS AND FITTINGS
5.4    TANK LOCATION AND SAFETY DISTANCES
5.5    Pre -License Inspection

6.0    Management Feasibility

6.1    Tank Farm manpower  requirement
6.2    Key responsibility of personnel

7.0    Technical Feasibility

7.1    Project design consideration
7.2     Mechanical component and estimated cost

8.0    Risk & Risk Mitigation

9.0    Financial Plan

9.1    Project Cost
9.2    Project Financing
9.3    Key variable
9.4    Revenue assumptions
9.5    Expense assumptions
9.6    Other assumptions
9.7    Projected income statement
9.8    Projected Cash –flow
9.9    Repayment Schedule

Get This Report

Report Type: Feasibility Report
Formats of Delivery: MS WORD
No. of Pages: 60
Product Code: FORA/2014/3074841/0995663
Release Date: 21/01/2014; Updated Every 3- Months
Language: English
Delivery time: 24– 48hours