Oil & Energy
NNPC Plans Three LNG Stations, 100 CNG Sites Nationwide
The Nigerian National Petroleum Company Limited (NNPCL) has said it plans to build three Liquefied Natural Gas (LNG) stations in Ajaokuta.
In addition, the company said it would deploy massive Compressed Natural Gas (CNG) of about 100 stations across the country in a bid to bring the gas closer to the people.
Group Chief Executive Officer, NNPC Ltd, Mele Kyari, who disclosed this during the simultaneous Commissioning of 12 CNG stations by the Minister of State, Petroleum Resources (Gas), Ekperikpe Ekpo, in Abuja and Lagos respectively, last Thursday, stated that the drive to bring Compressed Natural Gas closer to Nigerians has commenced and remained irreversible.
“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 said.
He commended President Bola Tinubu for providing the needed support to drive domestic gas utilisation targeted at delivering cleaner and cheaper sources of energy to Nigerians.
In his remarks, the Managing Director of NNPC Retail Limited, Mr Huub Stokman, said the NNPC Retail, aside the 100 CNG stations, would build 16 NNPC Gas Marketing and NIPCO Gas JV sites, by next year.
“CNG provides Nigeria with affordable alternatives to existing available fuel products. It will be about 40 per cent cheaper than petrol in Nigeria, and with continued investments, it will become a significant part of our energy mix”, Stokman said.
On his part, the Chairman, NNPC Board of Directors, Pius Akinyelure, emphasised that increased CNG adoption would foster economic benefits by reducing fuel costs for consumers and businesses alike.
By: Lady Godknows Ogbulu
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