Federal Government, through the Midstream and Downstream Gas Infrastructure Fund (MDGIF), created with the Petroleum Industry Act (PIA), has signed joint venture investment agreements with nine companies with the aim of expanding gas infrastructure in the country.
The companies, ANT Energy Ltd, Sub Sea Gas, Wishnefisky Global, Waterdance International Concepts, Geospectra Energy, Deemah Integrated Services, Sonic Petroleum, VTT LNG West Africa, and Amari Energy Resources signed the deal with the government yesterday in Abuja.
MDGIF Executive Director, Oluwole Adama, announced that the agreements cover ten major projects, including six gas processing plants, two of which would use flare gas as feedstock, helping to reduce gas flaring and environmental harm and three Compressed Natural gas (CNG) refuelling stations to promote domestic gas use in transport and industry, while one bulk liquefied petroleum gas (LPG) storage facility would ease supply chain bottlenecks.
Adama noted that recent reforms had attracted investment, increased local refining capacity, and advanced the monetisation of Nigeria’s abundant natural gas reserves.
Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, hailed the signing as a landmark moment in delivering Tinubu’s “Decade of Gas” vision, calling the partnerships a demonstration of the administration’s commitment to energy security, economic growth, and sustainable development.
He urged the partners to focus on timely execution, professionalism and accountability, warning against business-as-usual approaches.
“The future of Nigeria’s gas economy will not be judged by the documents we sign, but by the results we deliver, pipelines laid, facilities commissioned, jobs created, and energy supplied to millions,” Ekpo said.
The projects are designed to bridge critical gaps in Nigeria’s gas value chain, providing the infrastructure needed to move gas from production to end-users across industries and regions.
MEANWHILE, Nigeria is calling for the adoption and use of Compressed Natural Gas (CNG) vehicles, stating that it is affordable, will reduce the country’s carbon footprint and encourage a green economy for environmental sustainability.
Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, stated this at the commissioning ceremony of “Project CNG-Sprout,” an initiative aimed at providing special palliative relief through CNG-powered buses for university transportation across Nigeria, yesterday in Abuja.
He said the initiative’s timely arrival amid Nigeria’s energy reform and transition to cleaner fuels, had stressed the importance of supporting vulnerable populations, particularly students.
Commending FEMADEC Energy for their commitment to energy innovation and collaboration with MDGIF, which provided funding for the project, Ekpo said the project aligned with President Bola Tinubu’s commitment to energy affordability, security, and environmental responsibility.
