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Liquified Petroleum Gas Bulk Storage And Marketing; The Feasibility Report

Liquified Petroleum Gas Bulk Storage And Marketing; The Feasibility Report

350,000.00

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 .

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.