THE BEGINNING
Early 2006
Company founded as LINETRALE GAS in early 2006, a Special Purpose Vehicle (SPV), by founding companies: Asiko Gas, Linetrale Oil and Bronwen Energy. The company’s raison d'etre was to establish itself as the leading independent LPG supply, logistics and distribution company in Nigeria.
2006
PIONEER OFF TAKER OF LPG
Late 2006
By late 2006 we were shortlisted by the largest LPG producer in Africa, Nigeria LNG, as a offtake partner under their domestic LPG scheme.
2006
THE ORIGINAL PLAN
Early 2007
In early 2007 the company commenced the multimillion dollar front end engineering design (FEED) for a 30,000MT receiving terminal to be sited in the Apapa Port of Lagos. The development attains Department of Petroleum Approval and World Bank environmental and social impact clearance.
2007
INTRODUCTION TO THE MARKET
Late 2007
27th of December 2007 the company commences trading LPG during a period of tight supply to the whole country. Our introduction into the market relieved a bottleneck in supply, which had to that point driven LPG prices sky high. As a consequence national LPG had declined to 60,000MT. Within months of commencement of operations the company, along with 5 other pioneer offtakers, had managed to reduce retail LPG prices nationally by 50%.
2007
REALISING PLAN
Early 2008
Company acquires land in Ijora for the Lagos depot to develop with the intention of developing this into its central distribution hub for South West. October 2008, We acquired the Kano gas depot from a Kano family marking the commencement of our distribution business. We started our first retail / commercial operations selling to end users, distributors and a major national insecticide manufacturing company. We conclude investment discussions with Africa Capital Alliance, Nigeria’s largest Private Equity company, resulting in the injection of US$3.2 million in equity in the company by the CAPE II fund.
2008
INTRODUCTION TO THE MARKET
End 2008
By the end of 2008 the deepening global financial crisis derails the final investment decision (FID) for the planned 30,000MT coastal terminal bringing about a period of contraction for the company. Fortunately though, the company had managed to place a large order for equipment just prior to the onset. This equipment was to sustain the company through a number of challenging years that followed.
2008
PERSEVERANCE IN CHALLENGING PERIOD
FEBUARY 2009
The company leases the Abuja gas depot from a local family, in keeping with our tradition of working with local communities and expertise. In the midst of some very challenging times the company re-strategizes to focus on its distribution depots and proceeds to upgrade the Kano and Abuja facilities with equipment procured f the abandoned terminal.
2009
GETTING BACK ON TRACK
AUGUST 2011
The Company secures additional funding through ACA from the CAPE II fund bringing ACA’s total investment to US$7.5 million.
2011
GETTING BACK ON TRACK
APRIL 2012
A rudimentary gas operation is established at the Ijora site to service Guinness as its sole customer. Our Lite Gas® Brand is established and our first corporate branded cylinders (size 6.25kg) are fabricated and delivered.
2012
GETTING BACK ON TRACK
SEPTEMBER 2012
The Company changes name from Linetrale Gas Limited to Gas Terminalling Global Operations Limited.
2012
RESTRUCTURE
JUNE 2014
Further to the approach of one of the World’s largest physical commodity traders the Company undergoes financial and management restructuring thereby commencing a new growth chapter. A controlling interest is acquired by Asiko Energy Holdings Limited (AEHL) under a group structure with the injection of new equity and via a rights issue.
2014
IMPLEMENTING THE VISION
MAY 2015
Gas Terminalling becomes the General Distributor for Bosch for their instantaneous hot water heaters. The company also secures a partnership relationship with Bosch for marketing their industrial boilers (hot water and steam).
2015
IMPLEMENTING THE VISION
JUNE 2015
The company transitions its fleet from second hand vehicles to a brand new fleet of LPG tankers that are 40% higher capacity than competing fleets. This e=introduces better economies of scale in transportation.
2015
IMPLEMENTING THE VISION
OCTOBER 2015
The rollout of our Mini Gas Outlets taking LPG sales through our Lite Gas® brand to the last mile with the end user.
2015