November 30, 2017

Firm to boost LPG market with 5,000 metric tons facility

Firm to boost LPG market with 5,000 metric tons facility

By Egufe Yafugborhi

WARRI—MAJOR downstream player, Matrix Energy, has promised steady supply of affordable Liquified Petroleum Gas, LPG, when its 5,000 metric tons storage facility opens in December at Ifiekporo, Warri South Local Government Area, Delta State.

Chief Operation Officer of the major fuel importer, Luqman Salam-Alada, gave the assurance yesterday while hosting members of the Nigerian Association of LPG Marketers, NALPGAM, who visited the company’s tank farm.


“Each of the 2,500 storage tanks is equivalent to five million litres.

“We have done the first test run. By weekend, we will do the second test run and hopefully by December we will commence operation.

“The idea is to make the product readily available, accessible and affordable to consumers. We have also made arrangement with four companies for the product so that we do not run out of supply,” Salam-Alada stated.

Mrs Oluwatoyin Okoizi, Chief Marketing Officer, added that the company has purchased 17 LPG trucks and “expecting additional 30 trucks before the end of December to enhance operation.”

NALPGAM President, Mr Nosa Ogieva-Okunbor commended Matrix’s effort said, “It is great that a Nigeria entrepreneur is building such a massive depot. This will help in deepening LPG usage in the country.

“Realising one million metric tons is feasible with the coming on stream of this 5000 metric tons, it will help to widen the LPG industry.”