NIPCO Gas has entered in partnership with NNPC Gas Marketing Limited (NGML) for supply and distribution of natural gas in Lekki Gas Distribution Area in June, 2022.
NGML-NIPCO Gas JV has executed Gas Infrastructure and Development Agreement with Lekki Free Zone Development Company (LFZDC) in November, 2022 to provide natural gas supplies to industries and Power plant.
Speaking at the commissioning of Lekki Gas Distribution Project, MD of NIPCO Gas Ltd, Nagendra Verma said at the event that it was possible with the blessings of the GCEO of NNPC and continued monitoring by EVP Gas, Power & New Energy with Support of MD NGIC which can never be ignored in such prestigious project by NGML-NIPCO Gas partnership.
The company is proud to announce that with support of NNPC Gas Infrastructure Company (NGIC) on 28th August, 2024; NGML-NIPCO Gas JV is commissioning the prestigious Lekki Gas Distribution Project and also Lekki Power Plant.
The infrastructure developed by NGML-NIPCO Gas JV has capacity of over 100 mmscfd. The City Gate Station constructed by NGML-NIPCO Gas JV has a present capacity to flow 5 mmscfd to 25 mmscfd of gas further extendable to over 100 mmscfd. Lekki Free Zone is having gas-based power plant of 2 x 12 MW i.e. 24 MW capacity.
This milestone marks a significant step towards unlocking and harnessing the nation’s abundant natural gas and economic development of Nigeria.
NGML-NIPCO Gas JV is sure that the infrastructure created is certainly going to attract more industries to set up their facilities within and outside LFZDC. The supply of piped natural gas by NGML-NIPCO JV will certainly help in development of Lekki Free Zone and Free Zone Enterprise licensed by NEPZA (FZE) in exponential manner.
It will boost the industrialization and employment opportunities in Lekki area which in turn improves the economy of the country.
NIPCO Gas believes that the collaboration between NGML-NIPCO Gas will attracts industries to set up their facilities, as Lekki Free Zone has many advantages like proximity to the sea-port, export promotion zone, improving road connectivity while providing better logistics for movement of raw materials or finished products.
NGML-NIPCO Gas JV has the natural gas distribution network along Lagos-Ibadan Expressway and supplying gas to industries to meet their energy requirement.
This gas distribution is also being extended to Oyo and Ogun States presently. With the availability of natural gas distribution network, many industries are setting up their facilities in these states. This is resulting in overall development of the area with increased number of employments resulting into socio-economic upliftment of citizens.
Industries are enjoying reliable, economical and clean fuel for powering their factories and other fuel needs. The use of natural gas has reduced the industries fuel bills drastically and also contributed in lower equipment maintenance cost being the cleanest fuel.
NIPCO Gas in partnership with NNPC Gas Marketing Limited is also expanding AutoCNG stations across Nigeria under Presidential CNG initiative. NIPCO Gas is sure that with support of supply of piped natural gas to industries, NGML-NIPCO Gas JV will be able to keep and maintain lower AutoCNG prices. Also, the increased usage of domestic gas in industrial and automobile sector will certainly help the Federal Government in reduction in fuel importation bill and fuel subsidy burden.
Supply of natural gas to Lekki Free Zone being a prestigious project, NIPCO Gas feels honored and grateful to be associated with this project and would really like to thank NNPC Gas Marketing Limited by making NIPCO Gas as their preferred JV partner, and a great thank to LFZDC for partnering with the NGML-NIPCO Gas JV.
“We are deeply grateful and would like to especially thank NNPC Gas Infrastructure Company for their unhindered support and guidance and for expediting the connectivity to this prestigious project.”
NIPCO Gas hopes that with deepening in utilization of domestic natural gas will certainly help in overall development and economy of Nigeria.
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