The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL) has entered into a Joint Venture (JV) agreement with Zuid Energies Limited for the development of a 6MMSCFD Capacity Compressed Natural Gas (CNG) plant and a 40MMSCFD LNG facility in Ajaokuta, Kogi State, to boost gas marketing and distribution nationwide.
The JV pact signing ceremony on the sidelines of the Mobility-CNG Stakeholders Workshop with the theme “Deepening Industry Alignment for a Sustainable Mobility-CNG Sub-Sector” on Monday in Abuja, is part of the NGML’s commitment to leveraging private sector partnerships to provide Virtual Pipeline Solutions (VPSs) that will enable efficient gas supply to off-grid and underserved areas.
The Presidential CNG Initiative (PCNGI), which was launched in 2023, is a flagship programme of the Federal Government to fast-track the nation’s transition to cleaner, more affordable, and more sustainable transportation energy sources.
The initiative is designed to encourage adoption of Compressed Natural Gas (CNG) and electric vehicles especially in cost-saving mass transit systems, job creation, energy security, and environmental sustainability while aligning with national policies on sustainable transport, reduced emissions, gas-flaring mitigation, and economic growth.
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The workshop featured key industry players and regulators in the downstream value chain who discussed commercial opportunities, deepen industry alignment, and proffered solutions to ensure effective implementation of the Presidential CNG Initiative.
