Plan to bring CNG closer to Nigerians irreversible – NNPCL
The Nigerian National Petroleum Company (NNPC Ltd.), on Thursday, disclosed that the urge to bring Compressed Natural Gas (CNG) closer to Nigerians has commenced and is irreversible.
According to Malam Mele Kyari, Group Chief Executive Officer, NNPC Ltd, in addition to the massive deployment of CNG stations nationwide, the company and its partners would also build three Liquefied Natural Gas (LNG) stations in Ajaokuta.
Kyari said this during the simultaneous commissioning of 12 CNG stations in Abuja and Lagos by Mr Ekperikpe Ekpo, Minister of State Petroleum Resources (Gas).
“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.
“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 commended President Bola Tinubu for supporting domestic gas utilisation to deliver cleaner and cheaper energy sources to Nigerians.
In his remarks, the Managing Director of NNPC Retail Limited, Mr Huub Stokman, said the NNPC Retail planned to set up over 100 CNG sites, including 16 NNPC Gas Marketing and NIPCO Gas JV sites in 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 added.
NAN
