Business
Coy To Deliver $30m Lagos Free Zone Infrastructure Facility In Q2
Optimera Energy LFZ Enterprise says every machinery has been put in place to deliver the $30 million Lagos free zone natural gas distribution facility by Q2 2025.
Optimera Energy, an indigenous consortium comprising Falcon Corporation Limited, FHN Gas Limited and ND Western Midstream Limited, executed a 20 years Gas Infrastructure Development Agreement with the Lagos Free Zone Company for gas distribution within the Zone.
Managing Director, Falcon Corporation Limited, Prof Joe Ezigbo, disclosed that the project is at 90 per cent completion stage with over $30 million investment committed till date.
He added that the project is crucial to Falcon’s long-term vision of creating an integrated gas supply network that supports economic growth, industrialisation, and energy security.
Ezigbo said, “We plan to commission the facility for ‘First Gas’ delivery in Q2 2025, following completion of FEED and Detail Engineering designs including the process of obtaining relevant permits and approvals.
“This collaboration leverages decades of experience and extensive gas resources to ensure a steady and reliable supply of energy to the Zone”.
Ezigbo noted that Nigeria’s economic landscape is undergoing a transformative shift with energy security at the heart of its next phase of growth.
He explained that reliable, sustainable energy is no longer a luxury but the foundation for industrial expansion, job creation, and economic resilience.
The Falcon Corporation boss noted that Optimera Energy LFZ Enterprise (Optimera Energy) is at the forefront of this transition, bridging the energy gap by delivering clean, cost-effective, and efficient natural gas solutions to power industries and communities.
It would be noted that the gas infrastructure project is comprised of a 25MMScf/D City Gate Station, scalable to 100MMScf/D, together with necessary ancillary infrastructure which included 10km distribution lines within the zone as well as a 6.5km x 10 inches gas pipeline from the Escravos – Lagos Pipeline System tie-in point in the Lekki corridor outside the zone to Optimera City Gate Station at the Lagos Free zone.
Natural gas is a pivotal component of Nigeria’ s energy matrix, offering cleaner and more efficient solutions.
The gas infrastructure project is not just about pipes and stations but about powering communities, industries, and dreams. It is about creating a foundation for economic growth, job creation, and environmental sustainability.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Sports4 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports4 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports4 days ago
NPFL club name Iorfa new GM
-
Sports4 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports4 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports4 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports4 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension