Firm converts 15,000 Vehicles To Run On CNG 

A technology company, Nipco Gas Limited, has announced the conversion of 15,000 vehicles to run on Compressed Natural Gas (CNG)

The firm has also announced that it has received Gas Distribution Licences (GDL) from the Federal Government, adding that the government issued the GDL to Nipco Gas through the Nigerian Midstream and Downstream Petroleum Regulatory Authority.

Managing Director of the company, Nagendra Verma, who disclosed this in a release made available to journalists, noted that the milestone highlights the firm’s pioneering role in the sub-sector and has strengthened investor confidence in Nigeria’s gas industry.

“The exclusivity period of 25 years granted under these licences prevents infrastructure duplication, ensuring efficiency and national resource optimisation.

“Gas Distribution Licenses awarded to Nipco Gas Ltd include: Ibadan Axis (Ogere-Ibadan-Oluyole-Olorisaoko-Asejire-Ajoda) – Nipco Gas/NGML; Benin City – Nipco Gas; Lekki Free Trade Zone – Nipco Gas/NGML; Kara-Sagamu-Abeokuta-Ibadan Axis (Sagamu Interchange-Ibafo-Isheri-Otedola Bridge) – Nipco Gas/NGML.

“With these awards, Nipco Gas Ltd. now stands as Nigeria’s largest indigenous licensed gas distribution company. This achievement is a testament to our unwavering commitment and the continuous support of stakeholders like you”, he said.

Verma noted that the company’s operational performance has been exceptional, with significant strides in supply chain efficiency, expansion of CNG infrastructure, customer satisfaction, and an increased market share.

“We have successfully commissioned several CNG stations across Abuja, Lagos, Edo, Delta, Ogun, Oyo, Kogi, and Akwa Ibom states. Our joint venture with NNPC Gas Marketing Limited (NGML) has strengthened industrial gas supply, particularly in the Lekki and Lagos-Ibadan corridors.

“Nipco Gas has entered into an agreement with Delta State very recently to construct a CNG station and CNG conversion workshop initially in Asaba.

“We are hoping to increase the number of CNG stations and conversion workshops in Delta State with the support of the government”, he said.

He also hinted that Delta State has provided the land for this facility, describing it as a very proactive and welcoming step.

 “We are sure that with such a type of public-private partnership, it will provide speed to the Presidential CNG initiative”, he stated.

Corlins Walter