NNPC Assures Nigerians of Cooking Gas Availability

Posted by African Examiner Featured, Latest Headlines, News Tuesday, January 17th, 2017

By Seun Adebosin

BALTIMORE, MD (AFRICAN EXAMINER) – Further assurance has been given that the supply logjam which often impedes stable availability of Liquefied Petroleum Gas, (LPG), otherwise called cooking gas, may soon be over.

The certainty followed the signal from the West Africa Gas Ltd (WAGL), a Joint Venture Company of Nigerian National Petroleum Corporation, NNPC and Sahara Energy plan to unveil two LPG vessels in Ulsan, South Korea Tuesday, 17 January, 2017.

NNPC confirmed Monday that the measure promises to be ”a game changer” in the supply network of the subsector.

Speaking at a Pre-Naming Ceremony Dinner Monday in Ulsan, South Korea, NNPC Group Managing Director, Dr Maikanti Baru, said he was delighted that the venture which was established in 2014 had started to record success even within a short span.

Dr. Baru said the milestone was a boost to the Liquefied Petroleum Gas (LPG) business in Nigeria.

Dr. Baru noted that as it is customary, ships are named by the spouses of the sponsors, often referred to as “godmother of the vessels”, adding that in this case, spouses of the GMD and COO Gas & Power would perform the naming ceremony.

WAGL JV which was incorporated in March 2013 will serve as a vehicle for off-take, marketing and trading of Natural Gas liquids (NGLs) across Africa and beyond.

A statement issued Monday by the NNPC Group General Manager Group Public Affairs Division Ndu Ughamadu indicated that JV is run by two companies – NNPC LNG Ltd, a wholly-owned subsidiary of NNPC and Sahara Energy’s oil and gas trading arm, Ocean Bed Trading Ltd (BVI).

The Company is expected to take the delivery of two vessels – Halls 8182 and 8183 – from the renowned Korean ship building company, Hyundai Mipo Dockyard Limited Tuesday, 17 January, 2017.