Oil & Energy
AROGMA Moves To Partner NNPCL, Foreign Investors In Gas Sector
The Arewa Oil and Gas Marketers Association (AROGMA) says it has concluded arrangements to invite foreign companies for investment in the domestic gas utilization value chain in the country.
The Chairman, AROGMA, Bashir Dan-Mallam, revealed this at a Press Conference in Kano, Weekend.
Dan-Mallam said with the active support of the Nigeria National Petroleum Company Limited (NNPCL), AROGMA was set to invite companies from Qatar, Turkey, Germany and India to establish gas facilities, particularly in the Northern part of the country.
He explained that AROGMA was not only in contact with their foreign partners, but also studying their various proposals.
“Nigerians, especially Northerners, are set to witness an energy transition and alternative energy from Premium Motor Spirit (PMS), otherwise known as petrol, to Compressed Natural Gas (CNG), if the invited foreign companies come on board”, he said.
He noted that the project would be a great achievement for Nigeria and become another milestone in the country’s development, especially in the Northern region.
According to him, the development would ease the biting economic hardship in the Northern Nigeria, occasioned by the fuel subsidy removal.
Dan-Mallam also commended the effort of the NNPCL management for their “tireless and unflinching support and encouragement to industry players, to investing in various fuel substitution initiatives, including the CNG usage and conversion, Autogas, refineries and others”.