Oando Plc, is said to be building a business to truck natural gas to industrial users whenever they are cut off from pipeline supply, Bloomberg reports.
The idea is to circumvent the gas pipelines which have been a source of incessant threats to the industry and rely on road transportation to supply gas to destination users. According to BolajiOsunsanya, chief executive officerofOando Gas & Power Ltd
“We’re basically creating a market for the future….Markets that otherwise you won’t have been able to use pipelines to serve, today it is possible to truck compressed national gas there.”
The article also claims Oando is investing $36 million to build three gas-compression plants in the Nigeria’s southern industrial belt within a year to produce 20 million cubic feet of gas a day initially, and then increase capacity as demand rises, he said.
More in Bloomberg