…Highlights Stable Prices and Industrial Growth in Delta

The Chief Executive Officer of POWERGAS Africa, Sumeet Singh, has said that the recent geopolitical tensions between Iran and the United States, which triggered volatility in global energy markets, have had no impact on the company’s gas supply operations in Delta State and other parts of southern Nigeria.

Speaking during a panel session at the Delta State Economic and Investment Summit 2026 in Asaba, Singh attributed the stability of the company’s operations and pricing to long-term domestic gas supply agreements, arguing that Nigeria’s abundant gas resources can shield industries from external economic shocks while driving industrial growth.

He explained that while the global energy market witnessed sharp increases in diesel and petrol prices following the Iran crisis, POWERGAS Africa maintained stable gas prices because of its long-term contractual arrangements with upstream gas producers and customers.

“Since February, we have all seen what has happened with the Iran war. Diesel prices have fluctuated significantly, and petrol prices have also increased. Our gas price, however, has not changed because we operate under long-term gas supply contracts with upstream producers and long-term agreements with our customers,” Singh said.

According to him, the company’s pricing model has insulated customers from international market volatility, demonstrating the strategic value of relying on Nigeria’s domestic gas reserves to power industries and strengthen the economy.

“Our customers are therefore not affected by events in Iran. We are using a domestic resource to support domestic production, domestic manufacturing, and ultimately to solve our own economic challenges,” he added.

Singh disclosed that POWERGAS Africa established a Compressed Natural Gas (CNG) mother station at Ebedei, near Abraka in Delta State, about a decade ago through a partnership involving the Delta State Government and indigenous gas producers.

He said the facility now supplies gas across Delta State as well as the South-South and South-East regions through the company’s virtual pipeline network, ensuring reliable energy for industries and power generation.

According to him, no fewer than 20 factories in Delta State currently receive gas from the network and generate their own electricity independent of the national grid, allowing uninterrupted production despite persistent electricity transmission and distribution challenges.

He maintained that wider adoption of gas by industries and the transportation sector would significantly reduce production costs, improve the competitiveness of Nigerian manufacturers and contribute to easing inflationary pressures.

Singh also called for stronger collaboration among state governments to unlock investment opportunities, stressing that coordinated efforts in developing gas infrastructure would accelerate industrialisation, attract private capital and enhance economic resilience.