Masters Energy to boost job creation with $500m gas project

In line with Federal Government’s gas infrastructure development plan,Masters Energy Oil and Gas Limited has embarked on an audacious project of about $500 million for gas storage.

The project, which includes the construction of a 20,000 metric tonnes gas storage in Port Harcourt, Rivers State, with birth over 200 gas refill outlets, over 2,000 retail exchange outlets, bulk distribution trucks for Liquefied Petroleum Gas (LPG) transportation and dedicated vessel for coastal operations.

During the groundbreaking for the gas infrastructure in Port Harcourt, Group Managing Director, Masters Energy Group, Patience Dappa, said the company has an abiding faith in Nigeria andfully dedicated to investing more in the country’s critical infrastructure.

Dappa said the facility would provide job and create enormous ancillarybusinesses within the oil and gas eco- system for the country’s teeming population and contribute positively to the economic transformation of the host communities and Nigeria at large.

According to her, the approval came just a few days ago, “but as a testament to our readiness and commitment to this project, we are laying the foundation today.”

“In line with Federal Government gas infrastructure development plan, we have decided to embark on this audacious project of about $500 million project, which includes 20,000MT gas storage herein Energy City, over 200 gas refilling outlets, over 2,000 retail gas exchange outlet, bulk distribution trucks for LPG transportation and a dedicated vessel for coastal operations.”

Masters Energy Oil and Gas Limited, she noted, was incorporated in Nigeria in 2005 and we have since expanded anddiversified to assume leading sites not only in the oil and gas sector, but in power, EPC, petrochemicals, aviation, dredging and shore, shipping and marine businesses.

She added: “Our corporate vision is to be the world’s benchmark in the oil and gas industry, with a mission to deliver world-class services to our clients through sound management system, innovation and technology; while ensuring adequate returns to our stakeholders.

“In line with the above, we have remained a highly creative company desirous of delivering unmatched values for our stakeholders and partners. This has helped the company to break new grounds and attain greater heights.”