Metalgalante S.p.A.
MSC Mediterranean Shipping Company
CAF Data Centre Industry Outlook
Car Mix

twitter Facebook Linkedin acp Contact Us

Oando distributes natural gas to industries in Port Harcourt

Nigerian natural gas distribution company Oando Gas and Power PLC has signed an agreement with the Rivers State Government to operate and expand existing gas infrastructure in the greater Port Harcourt industrial areas

The agreement commits Oando to rehabilitation and operation of existing natural gas infrastructure at Trans-Amadi and expansion of the network to Choba Airport, the new UST area of Greater Port Harcourt City, Abuloma, Heliconia Park, Reclamation Road and other adjoining areas.

The existing gas pipeline has a throughput of about 40mmscm/annum, which currently serves industries in Trans-Amadi including Nigerian Bottling Company, First Aluminum Company and Stallion Foods. The development, which will deliver gas as a cheaper and environmentally-friendlier energy source to users, is expected to catalyse rapid industrial development and enhance the state’s economy.

Cheaper, reliable gas


Mr. Bolaji Osunsanya commented, “We are excited about this development which represents an opportunity for Rivers State to join the league of regions that have enjoyed strong industrial tenancy and economic growth through the adoption of cheaper and reliable gas as energy fuel. As a company, this is another major milestone in our quest to build sub-Saharan Africa’s largest natural gas pipeline grid in Nigeria and is in line with Oando’s principal aspiration of evolving home-grown solutions to Nigeria’s energy challenges. This development provides an immediate boost to our revenue profile starting from August 2011 resulting in additional value creation for our shareholders.”


Dr. George Nwolu stated, “This concession is a major milestone for the Rivers State Government and people of our great state. We are confident we have found capable partner in Oando Gas and Power, who brings wealth of experience from its other franchises and their commitment to infrastructure development as evident in the 128km gas pipeline built from Akwa Ibom to Cross River states. We have no doubt that this will signpost rapid economic development of the state as industries will be attracted by the availability of cheap and reliable fuel. This concession is specifically designed to help build indigenous capacity, improve community relations, corporate social responsibility and jobs creation for the people for Rivers State.”

 

Reserves


Dr. Nwolu added; “Oando has worked assiduously throughout the negotiating process and have demonstrated diligence, professionalism and strong commitment to this project.”


Nigeria is rich in associated and non-associated gas reserves, estimated in excess of 180 trillion cubic feet, ranking currently as the eighth largest holder of proven natural gas reserves in the world. Unfortunately, local utilisation of gas is very low – a problem attributed to inadequate infrastructure that would enable supply of natural gas to last mile users in Nigeria.

Oando, through its subsidiary - Gaslink Nigeria Limited - has already developed distribution of natural gas via pipelines to industries in Nigeria. Its 100km gas pipeline network in Greater Lagos connects 110 customers. Another Oando subsidiary - East Horizon Gas Company (EHGC) - is presently completing a 128km natural gas transmission line traversing Akwa Ibom and Cross River States, to deliver gas to United Cement Company (UNICEM), and other industrial clusters in both states.

African Review

Most Read

The Bell team in Richards Bay consists of more than 800 machinists, welders, and assemblers. (Image source: Bell)

GFE Power Product’s extensive range covers generators from 10 kVA up to 3,000 kVA. (Image source: GFE Power Products)

The funding is the largest-ever equity raise in the minigrid industry according to Husk. (Image source: Adobe Stock)

The initiative will help African contractors participate in annual infrastructure investments. (Image source: Afreximbank)

ITS has evolved into a sophisticated systems approach, providing numerous opportunities to revolutionise road networks. (Image source: Adobe Stock)

Invest International’s Lara Muller; Ivory Coast Minister of Finance and Economy, Adam Coulibaly; and Ambassador Designate to Ivory Coast, Jeroen Kelderhuis. (Image source: Invest International)

Inside Condra’s Johannesburg factory: an overhead crane positions an electric motor during assembly of hoist and crab. (Image source: Condra)

The Yellow Metal Machine Rental team with some Wacker Neuson equipment. (Image source: Wacker Neuson)

The parties will also promote the mutual exchange of information and expertise in the field of export credit policies and practices. (Image source: TBD Group)

Although displaying resilience, the report warns that African banks remain exposed to physical climate risks due to both sovereign and industry lending. (Image source: Adobe Stock)

WAA and VCMI will seek to establish regulatory frameworks to enable access to high integrity and fair voluntary carbon markets for WAA member countries. (Image source: Adobe Stock)

IVECO is renewing its entire product range, all at once. (Image source: IVECO)

Both the IMF and EIU expect SSA to rank as the world’s second fastest growing economy in 2024. (Image source: Adobe Stock)

The MoU was signed alongside the Africa Health Business Symposium. (Image source: Africa CDC)

There has been a focus on the sugar industry. (Image source: Adobe Stock)

Latest news

Dietmar Siersdorfer speaking at Africa Energy Forum in Barcelona. (Image source: Siemens Energy)

The generator set fitted with a Perkins 1103 is providing vital backup power at the St Patrick School in Uganda. (Image source: Perkins)

5G technology deployment will take place later this year. (Image source: Adobe Stock)

Spiro will draw from its experience in Kenya, Benin, Togo, Rwanda and Nigeria as it launched in Uganda. (Image source: Spiro)

According to IRENA, concrete policy actions and massive mobilisation of finance at full speed is required in order to meet the 2030 target. (Image source: Adobe Stock)

The distributor will hold specialised training and empowerment sessions to enable its channel network to effectively deliver Vertiv’s portfolio, as well as managing inventory to serve the market. (Image source: Vertiv)

The HQ is expected to be completed and handed over by February 2025. (Image source: ECOWAS)

Africa’s share of global manufacturing only sits at around 2% today. (Image source: Adobe Stock)

There are numerous but not insurmountable challenges facing Africa's aviation sector, according to IATA. (Image source: Adobe Stock)

Africa Energy Forum 2024 was held in the Fira de Montjuïc in Barcelona. (Image source: ACP)

The quality design and manufacture of SEW-EURODRIVE South Africa’s panels and enclosures can be suited to any customer requirement wall mounts. (Image source: SEW-EURODRIVE)

African countries will require over US$45bn in the coming eight years to plug the gap in its transmission systems. (Image source: Synergy Consulting)

BII commits US$75mn to second Green Basket Bond with Symbiotics Investments to finance small-scale green projects in Africa, South, and South-East Asia. (Image source:

Transforming Africa's digital economy: Data Centres powering growth, innovation, and sustainability in the digital era. (Image source: Adobe Stock)

The Linnhoff TSD1500 Asphalt Mixing Plant is undertaking crucial work on two rural road projects in Kenya. (Image source: Lintec & Linnhoff)

Genset BuyersGuide
Construction Buyers Guide