Seplat Plc Plans $250m Investment In Sapele Gas Plant

The Director, New Energy, Seplat Plc, Effiong Okon, has unveiled the company’s plan to construct a new $250m gas plant in Sapele, Delta State.
Okon made the disclosure during the Nigeria Oil and Gas Outlook event with the theme “Investing in Nigeria’s Energy Future”, in Lagos.
Okon, who noted that the company was committed to its vision of contributing to the energy landscape, said investing in the Sapele gas plant would further prove Seplat’s commitment.
Speaking during a panel discussion on “Secured Energy Transition Towards Gas”, Effiong explained that with the investment, the Liquefied Petroleum Gas (LPG) would be made more available in the market.
He said, “we are also starting a brand-new plant in Sapele, the Sapele gas plant, another $250 million investment that will deliver a lot of LPGs to the market”.
Giving insights into the company’s timeline, Effiong announced that Seplat’s Joint Venture gas processing facility in Imo State is set to be completed by December, with plans for commissioning in January 2024.
Okon, while addressing the broader investment climate, emphasized the pivotal role of the private sector in driving investments in the oil and gas sector.
He further stated that the government’s support through policies and ensuring a secure environment was crucial for fostering sustainable growth and development in the industry.