WAGL vessel delivers 7,000MT of gas to Nigeria
MT Sahara Gas, the newly-built vessel acquired by the West Africa Gas Limited, has delivered 7,000 metric tonnes of Liquefied Petroleum Gas, popularly known as cooking gas, in its maiden voyage to Nigeria.
The WAGL is a joint venture of the Nigerian National Petroleum Corporation and the Sahara Group. The JV is run by two companies, NNPC LNG Limited, a wholly-owned subsidiary of the NNPC, and Ocean Bed Trading Limited (BVI), the trading arm of Sahara Energy.
In January 2017, the WAGL acquired two new vessels, MT Africa Gas and MT Sahara Gas.
The firm stated on Tuesday that the acquisitions were in order to reduce transportation bottlenecks, add value to the Nigerian economy by exporting the commodity, deepen the LPG market in West Africa as well as enhance access to clean and safe energy.
The WAGL also stated that the acquisitions were a strategic response to the lingering challenges of supply, affordability and fraudulent activities motivated by the scarcity of the product.
Commenting on the development, the Group Managing Director, NNPC, Maikanti Baru, stated that in keeping with the Federal Government’s economic growth plan, the WAGL remained committed to stabilising the market and ensuring sustainability of the commodity through strategic deliveries within the sub-region.
He was quoted as saying in a statement by the firm, “This is a historic achievement for the NNPC and the Sahara Group that showcases a truly successful partnership by all global standards. The quest is to achieve uninterrupted supply of the commodity and address infrastructural limitations as we continue to implement our zero tolerance policy against adulterated products and their promoters across the country.”
Baru described the NNPC/Sahara Group partnership as a successful joint venture, adding that both parties were considering various strategies to optimise the delivery of the product across West Africa.
“The Federal Government deserves commendation for implementing policies that are geared towards growing the economy. That we have such a partnership involving the NNPC and Sahara Group is indeed an important global narrative for Nigeria in terms of capacity, expertise and sustainability,” he added.
The Managing Director, WAGL, Roland Omoregbe, said it was the first time that the private sector in the country was involved with the NNPC in ensuring enough supply of the LPG.
“We are happy that it (vessel) has done several voyages into West Africa, including Lome, Ivory Coast and Ghana and we are counting more. The sister vessel, Africa Gas, is in the West Africa waters as we speak. We have strategic plans to flood Nigeria with the LPG and other cleaner sources of energy to do their domestic chores, which will in turn save our country and our planet,” he added.