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Oando Gas & Power Limited has commenced the development of a mini Liquefied Natural Gas (LNG) facility through its Transit Gas Nigeria Limited (TGNL) subsidiary in Ajaokuta, Kogi State.
The 20 mmscf/day plant is to fulfil the gas supply requirement for captive power plants, embedded generation, and industrial clusters in the Northern region, as well as stranded customers in the South, the company, fully-owned by Oando PLC, said.
The multi-billion naira Ajaokuta LNG facility will commence operations in the second quarter of 2017.
CEO, Oando Gas & Power Limited, Mr. Bolaji Osunsanya said, “The establishment of the Ajaokuta mini LNG project is in firm alignment with our mid-to-long term gas conversion strategy. This venture further emphasises our push to broaden our asset portfolio and strengthen our market play within the gas sector; and by providing the gas advantage, we will help spur the development of self-sustaining industrial clusters to bolster the country’s socio-economic growth.”
Credit: Daily Trust
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