News
NNPC Projects 3 LNG Stations, 100 CNG Sites Nationwide
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the irreversible commencement of its initiative to bring Compressed Natural Gas (CNG) closer to Nigerians.
Group Chief Executive Officer of NNPC Ltd, Mele Kyari, stated that along with the extensive deployment of CNG stations nationwide, the company and its partners will also establish three Liquefied Natural Gas (LNG) stations in Ajaokuta.
Kyari made this announcement on Thursday during the simultaneous commissioning of 12 CNG stations in Abuja and Lagos by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo.
“There is simply no way to turn back on delivering CNG for all Nigerians. It is the right thing to do. Is it late? Yes, but we will make progress.
EDITOR’S PICK
- Minimum Wage: Labour Warns Governors Against Harmful Advice, Await President’s Decision
- ₦14.77 Billion Spent On Presidential Air Fleet Maintenance In 11 Months
- Lagos: Police Inspector Killed In Confrontation With Suspected Naval Officers
“We will cover the gap in order to ensure that the volatility we see with Premium Motor Spirit (petrol) does not apply to gas,” Kyari said.
He praised President Bola Tinubu for providing the necessary support to enhance domestic gas utilization, aiming to deliver cleaner and cheaper energy sources to Nigerians.
Managing Director of NNPC Retail Limited, Mr. Huub Stokman, revealed plans to establish over 100 CNG sites, including 16 NNPC Gas Marketing and NIPCO Gas JV sites, within the next year.
“CNG provides Nigeria with affordable alternatives to existing available fuel products. It will be about 40 per cent cheaper than petrol in Nigeria, and with continued investments, it will become a significant part of our energy mix,” Stokman said.
Chairman of the NNPC Board of Directors, Pius Akinyelure, highlighted the economic benefits of increased CNG adoption, noting it would reduce fuel costs for consumers and businesses alike.
Following the removal of fuel subsidies and the declaration of the Presidential Compressed Natural Gas (CNG) initiatives, NNPC Ltd. has taken the lead in deploying Auto-CNG Stations across Nigeria. NNPC Gas Marketing Limited, a subsidiary of NNPC Ltd., in collaboration with NIPCO Gas Limited, has already developed an Auto-CNG rollout plan to construct 35 CNG stations nationwide.
CLICK HERE TO WATCH VIDEO OF THE WEEK:
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611
