Falcon Corporation Limited is a leading indigenous Midstream and Downstream Gas Company incorporated in 1994. Falcon is the strategic partner of the Nigerian Gas Marketing Company Limited (NGMC), a subsidiary of the Nigerian National Petroleum Company (NNPC), under a Build, Operate and Transfer (BOT) arrangement for the Ikorodu Gas Distribution Zone. The Company is currently diversifying its business operations, expanding into LPG distribution to bulk offtakers.

FALCON CORPORATION Limited (“FALCON”)

Since its inception over 28 years ago, FCL has played a major role in the development, utilisation and commercialisation of natural gas in Nigeria. As the local distribution company licensed to operate the Ikorodu Gas Distribution Zone, the Company has the exclusive right to distribute natural gas to industrial customers in the aforementioned axis until 2045. The Company achieved ‘First Gas’ in November 2006 and has since deployed a network of over 50km of distribution pipeline across Ikorodu and the surrounding environs.

As part of the Company’s diversification efforts, Falcon commenced the trading of LPG products in 2020, which has emerged a key contributor to the Company’s overall revenue. LPG stands as a strategically important product for the country given the nation-wide drive for the use of cleaner, cheaper, more environmentally friendly fuels over traditional options such as kerosene and firewood. The geographical location of the storage facility and dedicated jetty where Falcon is expected to offload products directly places the Project at a unique competitive advantage. The Company’s target catchment area comprises eleven states in the South-East and South-South regions of Nigeria, within close proximity to the project location, where it would be more cost-effective to purchase LPG from Falcon in comparison to other major suppliers in the South-West.