asd
Thursday, July 18, 2024
Home Oil & Gas NNPC SETS TO BUILD THREE LNG STATIONS, 100 CNG SITES

NNPC SETS TO BUILD THREE LNG STATIONS, 100 CNG SITES

The Group Chief Executive Officer of NNPC Limited Mallam Mele Kyari has declared that the drive to bring Compressed Natural Gas (CNG) closer to Nigerians has since commenced and is irreversible.
Kyari, who disclosed this  during the simultaneous commissioning of 12 CNG stations in Abuja and Lagos, says, in addition to the massive deployment of CNG stations nationwide, the NNPC Ltd and its partners will also build three Liquefied Natural Gas (LNG) stations in Ajaokuta.
“There is simply no way to turn back on delivering CNG for all Nigerians. It is the right thing to do. Is it late? Yes, but we will make progress, we will cover the gap in order to ensure that the volatility we see with Premium Motor Spirit (petrol) does not apply to gas,” Kyari stated.”
The GCEO commended President Bola Ahmed Tinubu for providing the needed support to drive domestic gas utilisation aimed at delivering cleaner and cheaper source of energy to Nigerians.
While assuring that the NNPC Ltd will continue to deliver more strategic gas projects for the benefit of Nigerians in line with the Presidential CNG Initiative of bringing prosperity to all Nigerians, Kyari reaffirmed the determination of the NNPC to guarantee the nation’s energy security.
Also speaking at the occasion, the Managing Director, NNPC Retail Limited, Huub Stokman revealed that in the next one year, NNPC Retail would have launched over 100 CNG sites, including 16 NNPC Gas Marketing and NIPCO Gas JV sites.
“CNG provides Nigeria with affordable alternatives to existing available fuel products. It will be about 40% cheaper than petrol in Nigeria and with continued investments, it will become a significant part of our energy mix,” Stokman added”
In his remarks, Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo says, the commissioning of the stations will not only provide economic benefits by creating jobs and stimulating local economies, it will also contribute significantly to Nigeria’s national goals of reducing emissions and combating climate change.
On his part, the Chairman of the NNPC Board of Directors, Chief Pius Akinyelure said increased CNG adoption will foster economic benefits by reducing fuel costs for consumers and businesses alike.
Following the removal of fuel subsidy and the declaration of the Presidential Compressed Natural Gas (CNG) initiatives, Nnpc Limited has taken the lead in the deployment of Auto-CNG Stations across Nigeria.
Already, NNPC Gas Marketing Limited, a subsidiary of NNPC Limited, in partnership with NIPCO Gas Limited has developed an Auto-CNG rollout plan for construction of thirty-five (35) CNG stations across the various geographical zones of Nigeria.
RELATED ARTICLES

LOGISTICS CHALLENGES, FLOODING CAUSE OF FUEL QUEUES – NNPCL.

The Nigeria National Petroleum Corporation Ltd says ,the fuel queues seen in the FCT and some parts of the country, were as a result...

FG AS ASSURES GAS PROJECT WILL BE READY 1ST QTR 2025.

The Federal Government has highlighted the huge multiplier impact of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project on the nation's economic growth and industrialisation. This was...

NNPC LTD.,GOLAR LNG, SIGNS PDA ON 400-500MMSCF GAS DEAL.

In furtherance of its commitment to monetize Nigeria's vast natural gas resources, the NNPC Limited has executed a Project Development Agreement (PDA) with Golar...

Most Popular

NAICOM LAUNCHES COMPLAINTS PORTAL TO ADDRESS INSURANCE RELATED ISSUES

In an effort to effectively address complaints and ensure swift resolution to all Insurance related issues, the National Insurance Commission has launched the NAICOM...

NAICOM  COLLABORATES WITH NFIU ON FINANCIAL ACTION TASK FORCE .

NAICOM  COLLABORATES WITH NFIU ON FINANCIAL ACTION TASK FORCE . The Commissioner for Insurance/CEO of the National Insurance Commission, NAICOM,  Olusegun Ayo Omosehin, alongside   his...

HOUSE COMMITTEE ON CUSTOMS COMMENDS NCS FOR INCREASE IN REVENUE.

HOUSE COMMITTEE ON CUSTOMS COMMENDS NCS FOR INCREASE IN REVENUE. The Nigeria Customs Service  (NCS) receives commendation from the House Committee on Customs and Excise...

CBN SELLS $122.671 MILLION TO 46 AUTHORISED DEALERS.

CBN SELLS $122.671 MILLION TO 46 AUTHORISED DEALERS  The Central Bank of Nigeria  (CBN)   says it has sold the sum of US$122,671,000.00 (One Hundred and...

Recent Comments