NNPC To Build Jetties To Boost Gas Supply

The Nigerian National Petroleum Company Limited (NNPC) and Sahara Group, through their joint venture business, WAGL Energy Limited, are set to develop jetties across West African countries to boost the supply of Liquefied Petroleum Gas, popularly called cooking gas.

The Managing Director, WAGL Energy Limited, Emmanuel Ubani, said in a statement made available to journalists that discussions were already at advanced stages for the first in the lot.

He said the move was part of several efforts by the company to take advantage of the opportunities in the energy transition space, adding that WAGL had embarked on developing infrastructure to take beneficial advantage in the emerging energy transition era.

The statement reads:

“All parts of the value chain must be in place and functional, that is, a distribution system to enable feasible access for the users must exist, a ready and vibrant market network and most importantly, acceptable and accommodating uses of the alternative energy source.

“Ensuring this requires both public and private investments at a level that allows for economies of scale, supporting in making the sector commercially viable.”

While acknowledging growing LPG demand in Africa, Ubani, advised that more strategic policies and investments were required to further promote and deepen the product’s utilisation in rural communities on the continent.


Discover more from LN247

Subscribe to get the latest posts sent to your email.

Advertisement

Most Popular This Week

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More from Author

Advertisement

Read Now

Equity Market Sees Largest 2025 Decline As NGX Loses N1.06trn

The Nigerian Exchange Limited (NGX) recorded a significant decline Tuesday as market capitalization dropped by ₦1.06 trillion, driven by selloffs in 41 stocks. The All-Share Index (ASI) fell by 1,745.16 points, representing a 1.66% decline, to close at 103,622.09 points, while market capitalization settled at ₦63.188 trillion....

TCN Requires N2.8trn to Execute 149 Projects— Power Minister

The Minister of Power, Adebayo Adelabu has disclosed that the Transmission Company of Nigeria, TCN, needs about N2.8 trillion to execute 149 projects to improve electricity transmission across the country.   A statement by the Ministry  said Adelabu made this disclosure in separate appearances before power sector committees...

CBN Fines 9 Banks N1.35bn Over ATMs Cash Scarcity

The Central Bank of Nigeria has sanctioned nine Deposit Money Banks with fines totaling N1.35bn for failing to ensure cash availability via Automated Teller Machines during the festive season. Each of the banks was fined N150m following spot checks that revealed non-compliance with the apex bank’s cash distribution...

Discover more from LN247

Subscribe now to keep reading and get access to the full archive.

Continue reading