Energy
Nigeria’s cooking gas storage capacity increases to 69,968 MT
Nigeria’s total Liquified Petroleum Gas storage capacity has increased to 69,968 Metric Tons.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, announced that Nigeria’s cooking gas storage capacity has increased to 69,968MT. He revealed this while inaugurating the 8,400 MT capacity Liquified Petroleum Gas (LPG) terminal in Kirikiri, Lagos, built by Techno Oil.
According to NANS report, Chief Timipre Sylva, who was represented by Dr Musa Zaki, Deputy Director, Department of Petroleum Resources (DPR), commended the company on this great milestone, both in its operation and in meeting the national aspiration. He said that with the inauguration of this facility, there are now 12 LPG depots in the country, with a total storage capacity of 69,698MT.
The Minister explained that 2020 is a year in which the national economy was planned for expansion with the abundant natural gas resources of the country. He emphasized that with the 8,400MT automated terminal, the company was no doubt set to provide end to end solution in the domestic LPG industry.
According to him, the great milestone reached by the company is in line with the national aspiration of deepening LPG (cooking gas) in the country and that the LPG gas terminal will facilitate job and wealth creation by reducing deforestation and greenhouse emissions and promoting domestic gas value chain development in the nation.
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However, the LPG terminal is expected to pivot Lagos State and Nigeria at large to a gas-powered economy, which would offer an array of economic and environmental benefits to its residents. The terminal is expected to generate up to 2,000 jobs in the months ahead.
What they are saying
Chief Timipre Sylva said, “The commissioning of this facility is definitely a good contribution to the two aspirations mentioned above in addition to environment protection, job, and wealth creation by reducing deforestation and greenhouse emissions and promoting domestic gas value chain development.
“With the inauguration of this facility, there are now 12 LPG depots in the country, with a total storage capacity of 69,698MT. However, the Nigerian LPG market is still not saturated, there are huge opportunities for further investments in the entire domestic gas value chain.
“These include gas processing, transportation and distribution, storage, retail, manufacturing of equipment and provision of services.
Commenting on the milestone, Mrs. Nkechi Obi, the Group Managing Director/Chief Executive Officer, Techno Oil, said,
“We plead with the government to provide funding to industrialists in building key facilities such as the one being commissioned. The government should consider reactivating its butanization plants and also building new ones across the country to guarantee LPG availability nationwide.
“Similarly, it is also time for the government to embark on a media campaign to sensitize the populace on the benefits of LPG over other cooking fuels. More so, government agencies and regulatory bodies should enforce the rules to sanitize the space for a safe and profitable business environment.
“We remain thankful to the Lagos State government for being a worthy host by providing the much appreciated conducive environment for our business to thrive. This is yet another of our numerous projects that is being hosted in Lagos; we thank you from the bottom of our heart.”
Energy
NNPC to provide free conversion services to motorists to switch from PMS to autogas
The NNPC has revealed plans to help motorists switch from Premium Motor Spirit (PMS) to Autogas.
The Nigerian National Petroleum Corporation (NNPC) has disclosed that it is going to provide free conversion services in some selected NNPC retail filling station in the country.
This is part of the effort of the corporation aimed at assisting interested motorists to switch from Premium Motor Spirit (PMS) popularly known as petrol to Autogas as the Federal Government rolls out an autogas programme called the National Gas Expansion Programme.
This was disclosed by the Group Managing Director of NNPC, Mele Kyari, on Tuesday, December 1, 2020, while delivering his address at the Presidential Virtual Rollout of the National Gas Expansion Programme (NGEP).
While delivering his address, Kyari pointed out that the areas of focus with existing Autogas service stations include the Federal Capital Territory Abuja, Kaduna, Kano, Kogi, Kwara, Ogun, Ondo, Oyo, Lagos, Edo, Delta, Rivers and Bayelsa States.
The statement from Kyari partly reads, ‘’To support this effort, NNPC is providing free conversion services in some selected NNPC retail filling stations to assist interested motorists switch from PMS to Autogas, especially in areas with existing Autogas service stations in the Federal Capital Territory Abuja, Kaduna, Kano, Kogi, Kwara, Ogun, Ondo, Oyo, Lagos, Edo, Delta, Rivers and Bayelsa States.’’
The NNPC boss revealed that the state-owned oil corporation is expanding this initiative to all NNPC retail filling stations across the country, while also assuring motorists of steady availability of Autogas at competitive prices.
He also said that NNPC is expanding its natural gas footprint across the country in order to support industrialization and job creation through its various ongoing gas infrastructure projects which includes Obiafu-Obrikom-Oben (OB3) gas pipeline project connecting East and West.
Others are Escravos-Lagos Pipeline System (ELPS 11 which is expected to boost supply to the western corridor and the AKK gas pipeline that will supply gas to Abuja, Kaduna and Kano states.
What you should know
- President Muhammadu Buhari today performed the virtual rollout of autogas programme called the National Gas Expansion Programme. The programme, which involves the conversion of fuel-powered cars, generators from petrol to gas, is aimed at deepening domestic usage of natural gas in its various forms.
- The programme is also in line with the Federal Government’s plan to make gas the first choice source of cheaper and cleaner energy. This follows the deregulation of the downstream sector of the oil industry with sharp increases in prices of petrol.
GMD @NNPCgroup: "To support this effort, NNPC is providing free conversion services in some selected NNPC Retail Filling Stations to assist interested motorists switch from PMS to Autogas…#NGEP #NigeriaGoGas #YearOfGas
— NNPC Group (@NNPCgroup) December 1, 2020
Energy
Senate confirms 6 NERC commissioners, drops Chairman-nominee
Six nominees for the board of the Nigerian Electricity Regulatory Commission (NERC) have been confirmed as commissioners.
The Nigerian Senate has confirmed the nomination of six members for the board of the Nigerian Electricity Regulatory Commission (NERC) as commissioners.
The legislators also dropped, Prof. Akintunde Akinwande, the nominee for the Chairman position due to his absence from the screening.
This was disclosed by the senate committee on Power, Steel Development and Metallurgy on Tuesday.
The confirmed nominees are Sanusi Garba (North-West) as vice-chairman; with Nathan Rogers Shatti (North-East), Moses Arigu (North-Central), Dafe Akpedeye (South-South), Frank Okafor (South-East) and Musiliu Oseni (South-West).
The committee recommended that President Muhammadu Buhari present another nominee to replace Akinwande.
Energy
FG to deliver 1 million vehicle conversion to autogas by end of 2021
The FG’s Autogas programme is expected to deliver at least 1 million vehicle conversions by the end of 2021.
The Federal Government has revealed that its Autogas programme is expected to deliver at least 1 million vehicle conversions by the end of next year.
The implementation of this programme by the government will herald the clean energy transition for Nigeria and the delivery of cheap transportation.
This was disclosed on Sunday, November 29, 2020, by the Federal Government via tweets on its official Twitter handle.
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Pres. @MBuhari will Tue, Dec 1 rollout the much awaited National Gas Expansion Programme(NGEP) in Abuja. As part of the event, HM @HETimipreSylva will, on behalf of the FG, hand over CNG-powered mass transport buses to the NLC as part of the agreement reached during negotiations. pic.twitter.com/S8gEHv8lkW
— Government of Nigeria (@NigeriaGov) November 29, 2020
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The rollout is the culmination of the resolve of President Muhammadu Buhari-led government to deepen domestic usage of natural gas in its various forms. It is also in line with the government’s plan to make gas the first choice source of cheaper and cleaner energy for Nigerians in their personal and industrial use.
(READ MORE: FG gives reasons why it is repackaging its social intervention programmes)
The government also stated that there will be a commencement of formal dispensing of Autogas (CNG and LPG) products at two NNPC retail stations.
In addition, there will be a handover of CNG-powered mass transport buses to NLC, in fulfilment of the agreement during recent negotiations. This agreement was reached with labour during negotiations and in recognition of the role organized labour plays in the quest to bring relief to ordinary Nigerians.
READ: Cornerstone Insurance Plc projects PAT of N537.4million in Q1 2021
What you should know
Nairametrics reported in September that the Minister of State for Petroleum Resources, Timipre Sylva revealed that Nigerians can now convert cars using petrol to gas, which is cheaper, with effect from October 2020.
The Department of Petroleum Resources also ordered 9,000 filling stations nationwide to begin the installation of facilities for gas products.
READ: PIB may be passed by first quarter of 2021 – Sylva
In October, the Federal Government estimated that the Compressed Natural Gas (CNG) will cost N97 per litre, as it had promised to provide alternatives to the Premium Motor Spirit (PMS), otherwise known as petrol, for poor Nigerians.
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