NGMC, Transit Gas sign pact on LNG plant in Ajaokuta

By Faruk Umar Nigerian Gas Marketing Company (NGMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), in partnership with Transit Gas Nigeria Limited  a subsidiary of Axxela Limited recently signed the Engineering, Procurement, Construction and Commissioning (EPCC) contract for the building of a 5MMSCFD small-scale liquefied natural gas plant in Ajaokuta, Kogi State, which […]

By Faruk Umar

Nigerian Gas Marketing Company (NGMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), in partnership with Transit Gas Nigeria Limited  a subsidiary of Axxela Limited recently signed the Engineering, Procurement, Construction and Commissioning (EPCC) contract for the building of a 5MMSCFD small-scale liquefied natural gas plant in Ajaokuta, Kogi State, which is the first phase of a 20MMSCFD development.

Speaking at the official contract signing ceremony, Chief Executive Officer, Axxela, Mr. Bolaji Osunsanya said, “This official contract signing ceremony is a major landmark for us. We are happy to cross this critical milestone on this multifaceted virtual pipeline development.

“With the recent declaration of the “Decade of Gas” by the Federal Government of Nigeria. We believe that collaborations of this nature are important to actualise the government’s aspiration. With all hands on deck, the project is on the right footing for timely completion to unlock value for stakeholders and Nigeria as a nation”.

With its strategic central location in Ajaokuta and proximity to the Northern market, the project will serve stranded industrial and commercial customers who are currently using diesel and similar fuels, helping to improve their competitive advantage. It will also serve as a catalyst to further drive industrialisation and open up areas without gas pipeline infrastructure to a cheaper, cleaner and more environmentally friendly fuel.