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  •   Mauritius Commercial Bank MCB Ltd https www MCB mu the banking arm of the MCB Group aspires to become a major player in the African energy landscape financing and supporting electrification projects that encourage the use of renewable energy In this sense MCB has recently participated in three emblematic projects in Ghana Rwanda and Nigeria These projects are crucial milestones in the electrification goals of these respective countries and in their transition from fossil energy to more renewable and low carbon energy sources Before joining those three projects MCB applied the Equator Principles to proactively identify and mitigate environmental and social risks Zaahir Sulliman Head of Specialist Finance MCB We are proud to contribute to these important goals of electrification and the transition to more renewable energy sources Make a difference in Ghana In July Genser Energy announced that it successfully closed an 8 year US 425 million financing package which will be used to refinance existing debt and fund critical electrification projects in Ghana The funds will enable a 100 km natural gas pipeline to Kumasi Ghana s largest city a 200 mmscfd gas conditioning plant in Prestea and a liquefied natural gas LNG storage terminal at the port of Takoradi Genser Energy aims to achieve net zero carbon emissions by 2035 According to Genser Energy the construction of the natural gas pipeline to Kumasi and the gas processing plant in Prestea will have significant economic and environmental benefits not only for Genser but also for Ghana and West African subregion The transaction will support Genser s diversification from the power sector to midstream gas and mark a major milestone in its decarbonization strategy to achieve net zero carbon emissions by 2035 while contributing significantly to Ghana s national climate change goals in the future emissions reduction The availability of cheaper and more easily accessible piped natural gas in Kumasi and Ghana s central belt through the new pipeline will encourage industries to switch from imported diesel and heavy fuel oil HFO by trucks to indigenous natural gas as an intensive fuel low carbon The pipeline will also support the relocation of power plants from coastal regions to reduce line losses and improve efficiency in the national grid In addition the gas conditioning plant will produce cleaner fuels and establish Ghana as a major producer and exporter of LNG In addition the gas conditioning plant will produce cleaner fuels and establish Ghana as a major producer and exporter of natural gas liquids This demonstrates the potential for natural gas to act as a transition fuel that can help Africa achieve its development agenda Supporting Nigeria s Gas to Power Program MCB as the lead organizer helped structure and raise 260 million in debt to finance the completion of the ANOH gas processing plant Despite significant untapped reserves domestic gas utilization remains low due to lack of infrastructure Gas development and infrastructure projects will address this imbalance and result in significantly higher rates of gas utilization for domestic use Assa North Ohaji South ANOH is a conventional gas development located off the coast of Nigeria that will supply AGPC with feed gas and is operated by Shell Petroleum Development Company of Nigeria The gas infrastructure development project is one of seven critical gas development projects designated by the Nigerian National Petroleum Corporation NNPC and the Ministry of Petroleum to bridge the gap between supply and demand in the Nigerian domestic gas market The 300MMscfd capacity ANOH plant located at OML53 in Imo State is being built by ANOH Gas Processing Company Ltd AGPC which is owned 50 50 by Nigerian Gas Company Limited NGCL and Seplat Energy Plc Seplat is already a leading supplier of natural gas to the Nigerian power sector and will supply up to 30 of Nigeria s national grid by 2021 A leading player in Rwanda s Omnihydro project Last June the hydroelectric plant was inaugurated Omnihydro in the Nyamagabe district Rwanda Implemented by Omnicane a Mauritian company and financed by MCB the leading bank in Mauritius this project came to fruition under a Special Purpose Vehicle SPV incorporated in Rwanda and operating under the name of Omnihydro Ltd The facility has a central common electrical outlet with two different outlets one on the Mushishito River and the other on the Rukarara River The aim of this plant is to reduce CO2 emissions by approximately 14 500 tons per year The hydroelectric plant is expected to power the equivalent of 175 000 homes with clean energy on average Small dams built on the Mushishito and Rukarara rivers protect communities from floods and droughts while providing more than 600 new jobs during project implementation How MCB Can Help To limit global warming and mitigate the worst impacts of climate change MCB recognizes the need for countries around the world to transition to low carbon economies This is particularly important for Africa as existing development challenges such as poverty food insecurity and instability make it the most vulnerable continent to climate change However MCB also recognizes Africa s complicated energy requirements and the challenge of balancing economic and social progress and energy access with climate goals Africa has the lowest rate of energy access globally an estimated 600 million people lack access to electricity and more than 930 million lack access to clean cooking fuels While there has been increased investment in the continent s vast renewable energy potential this is insufficient to meet growing energy demand To meet the continent s growing electricity needs and help achieve your renewable energy goals MCB can be a financing and organizing partner of choice Commenting on MCB s strong involvement in these projects and its ambition to accompany the transition of African countries towards more renewable energy sources Zaahir Sulliman MCB s Head of Specialized Finance said We are proud to contribute to universal electrification from Ghana Rwanda and Nigeria and their respective goal of advancing the sustainable development goals to meet universal energy demand while optimizing production minimizing costs and reducing emissions Mr Sulliman added MCB is aware of its responsibility in the face of the climate emergency and has already committed to stop financing new coal fired power plants and discontinue commercial financing of thermal and metallurgical coal We believe that financing for LPG and natural gas will form part of MCB s gradual energy transition strategy which builds on our previous commitment to stop all new financing for infrastructure and carbon trading worldwide Funding more sustainable energy projects is a first step in the right direction and we look forward to continuing to support customer projects that drive the energy transition through responsible consumption and production in an effort to improve living standards
    The Mauritius Commercial Bank (MCB) Ltd aims to help Africa transition to a low-carbon economy
      Mauritius Commercial Bank MCB Ltd https www MCB mu the banking arm of the MCB Group aspires to become a major player in the African energy landscape financing and supporting electrification projects that encourage the use of renewable energy In this sense MCB has recently participated in three emblematic projects in Ghana Rwanda and Nigeria These projects are crucial milestones in the electrification goals of these respective countries and in their transition from fossil energy to more renewable and low carbon energy sources Before joining those three projects MCB applied the Equator Principles to proactively identify and mitigate environmental and social risks Zaahir Sulliman Head of Specialist Finance MCB We are proud to contribute to these important goals of electrification and the transition to more renewable energy sources Make a difference in Ghana In July Genser Energy announced that it successfully closed an 8 year US 425 million financing package which will be used to refinance existing debt and fund critical electrification projects in Ghana The funds will enable a 100 km natural gas pipeline to Kumasi Ghana s largest city a 200 mmscfd gas conditioning plant in Prestea and a liquefied natural gas LNG storage terminal at the port of Takoradi Genser Energy aims to achieve net zero carbon emissions by 2035 According to Genser Energy the construction of the natural gas pipeline to Kumasi and the gas processing plant in Prestea will have significant economic and environmental benefits not only for Genser but also for Ghana and West African subregion The transaction will support Genser s diversification from the power sector to midstream gas and mark a major milestone in its decarbonization strategy to achieve net zero carbon emissions by 2035 while contributing significantly to Ghana s national climate change goals in the future emissions reduction The availability of cheaper and more easily accessible piped natural gas in Kumasi and Ghana s central belt through the new pipeline will encourage industries to switch from imported diesel and heavy fuel oil HFO by trucks to indigenous natural gas as an intensive fuel low carbon The pipeline will also support the relocation of power plants from coastal regions to reduce line losses and improve efficiency in the national grid In addition the gas conditioning plant will produce cleaner fuels and establish Ghana as a major producer and exporter of LNG In addition the gas conditioning plant will produce cleaner fuels and establish Ghana as a major producer and exporter of natural gas liquids This demonstrates the potential for natural gas to act as a transition fuel that can help Africa achieve its development agenda Supporting Nigeria s Gas to Power Program MCB as the lead organizer helped structure and raise 260 million in debt to finance the completion of the ANOH gas processing plant Despite significant untapped reserves domestic gas utilization remains low due to lack of infrastructure Gas development and infrastructure projects will address this imbalance and result in significantly higher rates of gas utilization for domestic use Assa North Ohaji South ANOH is a conventional gas development located off the coast of Nigeria that will supply AGPC with feed gas and is operated by Shell Petroleum Development Company of Nigeria The gas infrastructure development project is one of seven critical gas development projects designated by the Nigerian National Petroleum Corporation NNPC and the Ministry of Petroleum to bridge the gap between supply and demand in the Nigerian domestic gas market The 300MMscfd capacity ANOH plant located at OML53 in Imo State is being built by ANOH Gas Processing Company Ltd AGPC which is owned 50 50 by Nigerian Gas Company Limited NGCL and Seplat Energy Plc Seplat is already a leading supplier of natural gas to the Nigerian power sector and will supply up to 30 of Nigeria s national grid by 2021 A leading player in Rwanda s Omnihydro project Last June the hydroelectric plant was inaugurated Omnihydro in the Nyamagabe district Rwanda Implemented by Omnicane a Mauritian company and financed by MCB the leading bank in Mauritius this project came to fruition under a Special Purpose Vehicle SPV incorporated in Rwanda and operating under the name of Omnihydro Ltd The facility has a central common electrical outlet with two different outlets one on the Mushishito River and the other on the Rukarara River The aim of this plant is to reduce CO2 emissions by approximately 14 500 tons per year The hydroelectric plant is expected to power the equivalent of 175 000 homes with clean energy on average Small dams built on the Mushishito and Rukarara rivers protect communities from floods and droughts while providing more than 600 new jobs during project implementation How MCB Can Help To limit global warming and mitigate the worst impacts of climate change MCB recognizes the need for countries around the world to transition to low carbon economies This is particularly important for Africa as existing development challenges such as poverty food insecurity and instability make it the most vulnerable continent to climate change However MCB also recognizes Africa s complicated energy requirements and the challenge of balancing economic and social progress and energy access with climate goals Africa has the lowest rate of energy access globally an estimated 600 million people lack access to electricity and more than 930 million lack access to clean cooking fuels While there has been increased investment in the continent s vast renewable energy potential this is insufficient to meet growing energy demand To meet the continent s growing electricity needs and help achieve your renewable energy goals MCB can be a financing and organizing partner of choice Commenting on MCB s strong involvement in these projects and its ambition to accompany the transition of African countries towards more renewable energy sources Zaahir Sulliman MCB s Head of Specialized Finance said We are proud to contribute to universal electrification from Ghana Rwanda and Nigeria and their respective goal of advancing the sustainable development goals to meet universal energy demand while optimizing production minimizing costs and reducing emissions Mr Sulliman added MCB is aware of its responsibility in the face of the climate emergency and has already committed to stop financing new coal fired power plants and discontinue commercial financing of thermal and metallurgical coal We believe that financing for LPG and natural gas will form part of MCB s gradual energy transition strategy which builds on our previous commitment to stop all new financing for infrastructure and carbon trading worldwide Funding more sustainable energy projects is a first step in the right direction and we look forward to continuing to support customer projects that drive the energy transition through responsible consumption and production in an effort to improve living standards
    The Mauritius Commercial Bank (MCB) Ltd aims to help Africa transition to a low-carbon economy
    Africa2 months ago

    The Mauritius Commercial Bank (MCB) Ltd aims to help Africa transition to a low-carbon economy

    Mauritius Commercial Bank (MCB) Ltd (https://www.MCB.mu), the banking arm of the MCB Group, aspires to become a major player in the African energy landscape, financing and supporting electrification projects that encourage the use of renewable energy.

    In this sense, MCB has recently participated in three emblematic projects in Ghana, Rwanda and Nigeria.

    These projects are crucial milestones in the electrification goals of these respective countries and in their transition from fossil energy to more renewable and low-carbon energy sources.

    Before joining those three projects, MCB applied the Equator Principles to proactively identify and mitigate environmental and social risks.

    Zaahir Sulliman, Head of Specialist Finance, MCB: "We are proud to contribute to these important goals of electrification and the transition to more renewable energy sources."

    Make a difference in Ghana In July, Genser Energy announced that it successfully closed an 8-year, US$425 million financing package, which will be used to refinance existing debt and fund critical electrification projects in Ghana.

    The funds will enable a 100 km natural gas pipeline to Kumasi, Ghana's largest city, a 200 mmscfd gas conditioning plant in Prestea, and a liquefied natural gas (LNG) storage terminal at the port of Takoradi.

    Genser Energy aims to achieve net zero carbon emissions by 2035.

    According to Genser Energy, the construction of the natural gas pipeline to Kumasi and the gas processing plant in Prestea will have significant economic and environmental benefits not only for Genser but also for Ghana and West. African subregion.

    The transaction will support Genser's diversification from the power sector to midstream gas and mark a major milestone in its decarbonization strategy to achieve net-zero carbon emissions by 2035, while contributing significantly to Ghana's national climate change goals in the future.

    emissions reduction.

    The availability of cheaper and more easily accessible piped natural gas in Kumasi and Ghana's central belt through the new pipeline will encourage industries to switch from imported diesel and heavy fuel oil (HFO) by trucks to indigenous natural gas as an intensive fuel.

    low carbon.

    The pipeline will also support the relocation of power plants from coastal regions to reduce line losses and improve efficiency in the national grid.

    In addition, the gas conditioning plant will produce cleaner fuels and establish Ghana as a major producer and exporter of LNG.

    In addition, the gas conditioning plant will produce cleaner fuels and establish Ghana as a major producer and exporter of natural gas liquids.

    This demonstrates the potential for natural gas to act as a transition fuel that can help Africa achieve its development agenda.

    Supporting Nigeria's Gas-to-Power Program MCB, as the lead organizer, helped structure and raise $260 million in debt to finance the completion of the ANOH gas processing plant.

    Despite significant untapped reserves, domestic gas utilization remains low due to lack of infrastructure.

    Gas development and infrastructure projects will address this imbalance and result in significantly higher rates of gas utilization for domestic use.

    Assa North-Ohaji South ("ANOH") is a conventional gas development located off the coast of Nigeria that will supply AGPC with feed gas and is operated by Shell Petroleum Development Company of Nigeria.

    The gas infrastructure development project is one of seven critical gas development projects designated by the Nigerian National Petroleum Corporation ("NNPC") and the Ministry of Petroleum to bridge the gap between supply and demand in the Nigerian domestic gas market.

    The 300MMscfd capacity ANOH plant, located at OML53 in Imo State, is being built by ANOH Gas Processing Company Ltd ("AGPC"), which is owned 50/50 by Nigerian Gas Company Limited ("NGCL") and Seplat.

    Energy Plc. Seplat is already a leading supplier of natural gas to the Nigerian power sector and will supply up to 30% of Nigeria's national grid by 2021.

    A leading player in Rwanda's Omnihydro project Last June, the hydroelectric plant was inaugurated Omnihydro in the Nyamagabe district, Rwanda.

    Implemented by Omnicane, a Mauritian company, and financed by MCB, the leading bank in Mauritius, this project came to fruition under a Special Purpose Vehicle (SPV) incorporated in Rwanda and operating under the name of Omnihydro Ltd. The facility has a central common electrical outlet with two different outlets, one on the Mushishito River and the other on the Rukarara River.

    The aim of this plant is to reduce CO2 emissions by approximately 14,500 tons per year.

    The hydroelectric plant is expected to power the equivalent of 175,000 homes with clean energy on average.

    Small dams built on the Mushishito and Rukarara rivers protect communities from floods and droughts, while providing more than 600 new jobs during project implementation.

    How MCB Can Help To limit global warming and mitigate the worst impacts of climate change, MCB recognizes the need for countries around the world to transition to low-carbon economies.

    This is particularly important for Africa, as existing development challenges such as poverty, food insecurity and instability make it the most vulnerable continent to climate change.

    However, MCB also recognizes Africa's complicated energy requirements and the challenge of balancing economic and social progress and energy access with climate goals.

    Africa has the lowest rate of energy access globally: an estimated 600 million people lack access to electricity and more than 930 million lack access to clean cooking fuels.

    While there has been increased investment in the continent's vast renewable energy potential, this is insufficient to meet growing energy demand.

    To meet the continent's growing electricity needs and help achieve your renewable energy goals, MCB can be a financing and organizing partner of choice.

    Commenting on MCB's strong involvement in these projects and its ambition to accompany the transition of African countries towards more renewable energy sources, Zaahir Sulliman, MCB's Head of Specialized Finance, said: “We are proud to contribute to universal electrification.

    from Ghana, Rwanda and Nigeria.

    and their respective goal of advancing the sustainable development goals to meet universal energy demand, while optimizing production, minimizing costs and reducing emissions.” Mr. Sulliman added: “MCB is aware of its responsibility in the face of the climate emergency and has already committed to stop financing new coal-fired power plants and discontinue commercial financing of thermal and metallurgical coal.

    We believe that financing for LPG and natural gas will form part of MCB's gradual energy transition strategy, which builds on our previous commitment to stop all new financing for infrastructure and carbon trading worldwide.

    Funding more sustainable energy projects is a first step in the right direction and we look forward to continuing to support customer projects that drive the energy transition through responsible consumption and production in an effort to improve living standards.”

  •  Former President Olusegun Obasanjo has said innovation in agriculture is key to human survival and development Obasanjo said this at the Grand Award Night for the 2022 Nigeria Prize for Literature Science and Literary Criticism organised by the Nigeria LNG Limited NL on Friday in Lagos He emphasised the need to encourage innovations in food security eradication of hunger and poverty secure raw materials for domestic and foreign exchange so as to see the nation develop Way back when humans were primarily hunters they saw the need to cultivate and grow plants and livestock for sustenance and then as exchange for other goods With increased success cottage industries bloomed and that principle of survival has still not changed after millions of years Obasanjo said He expressed delight at NLNG s choice of science prize theme Innovations in Food Security describing it as appropriate As a farmer I am really impressed with NLNG s choice of this year s science prize theme being Innovations in Food Security In my view agriculture is the most ancient and proven industry for mankind What I am saying is that agriculture is synonymous with human survival and development We need to encourage innovations in food security eradicate hunger and poverty secure raw materials for domestic and foreign exchange and we will see the nation develop said Obasanjo He thanked the Board of Directors and Management of NLNG for the achievements recorded by the company over the years as a corporate entity contributing to nation building since May 1989 I have had the joy of witnessing NLNG s coming of age story in your maturity you seek to pull our nation to the height you have attained I enjoin all stakeholders to support NLNG in all its aspirations to help in building a better Nigeria the former president said Obasanjo also praised the NLNG for its vision to be a globally competitive LNG company helping to build a better Nigeria NLNG helps in Nigeria s development particularly through its flagship corporate social responsibility initiative the Nigeria Prize for Literature the Nigeria Prize for Science and the Nigeria Prize for Literary Criticism We can adopt world class best practices and leap with giant strides into the future We can collaborate on exchange of ideas and invest in research and development We can focus on the education and mental development of our people so that we position the nation for the direction it should go said the former president In his address Dr Philip Mshelbila MD Nigeria LNG Ltd said NLNG in its 33 years of existence had become a world class company and was actively seeking its place in the future What the future holds may in some views be left to time and chance but we do know from the experiences of others that when we future proof our business we get a say as to what should be beyond he said Mshelbila remarked that within the energy transition landscape NLNG would be rightly positioned to make Nigeria a global giant Furthermore in deepening our resolve for Domestic LPG intervention we received the support and approval of the Board of NLNG to commit 100 per cent of our LPG production to the Nigerian market While we compete globally with other LNG companies our vision is balanced when we help to build a better Nigeria It is in this line of envisioning that the Nigeria Prizes for Literature and Science were birthed he said According to him the NLNG has always been at the forefront of stakeholder partnerships that strengthen Nigeria its people and their sustainable future Explaining details of the award the NLNG boss said the company chose to sponsor the Nigeria Prize for Literature and the Nigeria Prize for Science with monetary awards of 100 000 dollars each The Nigeria Prize for Literary Criticism has an award of N1 000 000 The overall intent of these is to place a bar of excellence and shun mediocrity in creativity and innovation said the NLNG boss This year he said NLNG chose to celebrate the poetry genre According to him a record 288 poetry submissions were received out of which 11 entries were long listed and later three were finally shortlisted from where the winner emerged I congratulate the shortlist of three Romeo Oriogun S ueddie Agema and Saddiq Dzukoji he said Mshelbila explained that the Nigeria Prize for Science this year was about food security He said the United Nations Committee on World Food Security defined food security as a situation wherein all people at all times had physical social and economic access to sufficient safe and nutritious food that met their food preferences and dietary needs for an active and healthy life The News Agency of Nigeria reports that the recipients of the 2022 Nigeria Prize for Science were Dr Muhydideen Oyekunle and Dr Shehu Ado as well as Dr Sesan Ayodeji and Dr Emmanuel Olatomilola Their works are entitled Gains in Grain Yield of Released Maize Zea Mays L Cultivars under Drought and Well Watered Conditions as well as Development of Process Plant for Plantain Flour respectively Minister of Science and Technology Sen Adeleke Mamora Amb Gabriel Aduda Permanent Secretary Federal Ministry of Petroleum Resources and representatives of Service Chiefs and the Inspector General of Police were among dignitaries at the Grand Award Night NewsSourceCredit NAN
    Innovation in agriculture key to survival, dev. – Obasanjo
     Former President Olusegun Obasanjo has said innovation in agriculture is key to human survival and development Obasanjo said this at the Grand Award Night for the 2022 Nigeria Prize for Literature Science and Literary Criticism organised by the Nigeria LNG Limited NL on Friday in Lagos He emphasised the need to encourage innovations in food security eradication of hunger and poverty secure raw materials for domestic and foreign exchange so as to see the nation develop Way back when humans were primarily hunters they saw the need to cultivate and grow plants and livestock for sustenance and then as exchange for other goods With increased success cottage industries bloomed and that principle of survival has still not changed after millions of years Obasanjo said He expressed delight at NLNG s choice of science prize theme Innovations in Food Security describing it as appropriate As a farmer I am really impressed with NLNG s choice of this year s science prize theme being Innovations in Food Security In my view agriculture is the most ancient and proven industry for mankind What I am saying is that agriculture is synonymous with human survival and development We need to encourage innovations in food security eradicate hunger and poverty secure raw materials for domestic and foreign exchange and we will see the nation develop said Obasanjo He thanked the Board of Directors and Management of NLNG for the achievements recorded by the company over the years as a corporate entity contributing to nation building since May 1989 I have had the joy of witnessing NLNG s coming of age story in your maturity you seek to pull our nation to the height you have attained I enjoin all stakeholders to support NLNG in all its aspirations to help in building a better Nigeria the former president said Obasanjo also praised the NLNG for its vision to be a globally competitive LNG company helping to build a better Nigeria NLNG helps in Nigeria s development particularly through its flagship corporate social responsibility initiative the Nigeria Prize for Literature the Nigeria Prize for Science and the Nigeria Prize for Literary Criticism We can adopt world class best practices and leap with giant strides into the future We can collaborate on exchange of ideas and invest in research and development We can focus on the education and mental development of our people so that we position the nation for the direction it should go said the former president In his address Dr Philip Mshelbila MD Nigeria LNG Ltd said NLNG in its 33 years of existence had become a world class company and was actively seeking its place in the future What the future holds may in some views be left to time and chance but we do know from the experiences of others that when we future proof our business we get a say as to what should be beyond he said Mshelbila remarked that within the energy transition landscape NLNG would be rightly positioned to make Nigeria a global giant Furthermore in deepening our resolve for Domestic LPG intervention we received the support and approval of the Board of NLNG to commit 100 per cent of our LPG production to the Nigerian market While we compete globally with other LNG companies our vision is balanced when we help to build a better Nigeria It is in this line of envisioning that the Nigeria Prizes for Literature and Science were birthed he said According to him the NLNG has always been at the forefront of stakeholder partnerships that strengthen Nigeria its people and their sustainable future Explaining details of the award the NLNG boss said the company chose to sponsor the Nigeria Prize for Literature and the Nigeria Prize for Science with monetary awards of 100 000 dollars each The Nigeria Prize for Literary Criticism has an award of N1 000 000 The overall intent of these is to place a bar of excellence and shun mediocrity in creativity and innovation said the NLNG boss This year he said NLNG chose to celebrate the poetry genre According to him a record 288 poetry submissions were received out of which 11 entries were long listed and later three were finally shortlisted from where the winner emerged I congratulate the shortlist of three Romeo Oriogun S ueddie Agema and Saddiq Dzukoji he said Mshelbila explained that the Nigeria Prize for Science this year was about food security He said the United Nations Committee on World Food Security defined food security as a situation wherein all people at all times had physical social and economic access to sufficient safe and nutritious food that met their food preferences and dietary needs for an active and healthy life The News Agency of Nigeria reports that the recipients of the 2022 Nigeria Prize for Science were Dr Muhydideen Oyekunle and Dr Shehu Ado as well as Dr Sesan Ayodeji and Dr Emmanuel Olatomilola Their works are entitled Gains in Grain Yield of Released Maize Zea Mays L Cultivars under Drought and Well Watered Conditions as well as Development of Process Plant for Plantain Flour respectively Minister of Science and Technology Sen Adeleke Mamora Amb Gabriel Aduda Permanent Secretary Federal Ministry of Petroleum Resources and representatives of Service Chiefs and the Inspector General of Police were among dignitaries at the Grand Award Night NewsSourceCredit NAN
    Innovation in agriculture key to survival, dev. – Obasanjo
    General news2 months ago

    Innovation in agriculture key to survival, dev. – Obasanjo

    Former President Olusegun Obasanjo has said innovation in agriculture is key to human survival and development.

    Obasanjo said this at the Grand Award Night for the 2022 Nigeria Prize for Literature, Science and Literary Criticism, organised by the Nigeria LNG Limited (NL on Friday in Lagos.

    He emphasised the need to encourage innovations in food security, eradication of hunger and poverty, secure raw materials for domestic and foreign exchange so as to see the nation develop.

    “Way back when humans were primarily hunters, they saw the need to cultivate and grow plants and livestock for sustenance, and then as exchange for other goods.

    “With increased success, cottage industries bloomed and that principle of survival has still not changed after millions of years,” Obasanjo said.

    He expressed delight at NLNG’s choice of science prize theme, ‘Innovations in Food Security,’ describing it as appropriate.

    “As a farmer, I am really impressed with NLNG’s choice of this year’s science prize theme being ‘Innovations in Food Security.

    ’ “In my view, agriculture is the most ancient and proven industry for mankind.

    “What I am saying is that agriculture is synonymous with human survival and development.

    “We need to encourage innovations in food security, eradicate hunger and poverty, secure raw materials for domestic and foreign exchange, and we will see the nation develop,” said Obasanjo.

    He thanked the Board of Directors and Management of NLNG for the achievements recorded by the company over the years as a corporate entity, contributing to nation-building since May 1989. “I have had the joy of witnessing NLNG’s coming-of-age story; in your maturity, you seek to pull our nation to the height you have attained.

    “I enjoin all stakeholders to support NLNG in all its aspirations to help in building a better Nigeria,” the former president said.

    Obasanjo also praised the NLNG for its vision to be a globally competitive LNG company helping to build a better Nigeria.

    “NLNG helps in Nigeria’s development, particularly, through its flagship, corporate social responsibility initiative – the ‘Nigeria Prize for Literature, the Nigeria Prize for Science and the ‘Nigeria Prize for Literary Criticism.

    ’ “We can adopt world-class best practices and leap with giant strides into the future.

    “We can collaborate on exchange of ideas and invest in research and development.

    “We can focus on the education and mental development of our people so that we position the nation for the direction it should go,” said the former president.

    In his address, Dr Philip Mshelbila, MD Nigeria LNG Ltd., said NLNG, in its 33 years of existence, had become a world-class company and was actively seeking its place in the future.

    “What the future holds, may in some views, be left to time and chance, but we do know from the experiences of others, that when we future-proof our business, we get a say as to what should be beyond,” he said.

    Mshelbila remarked that within the energy transition landscape, NLNG would be rightly positioned to make Nigeria a global giant.

    “Furthermore, in deepening our resolve for Domestic LPG intervention, we received the support and approval of the Board of NLNG, to commit 100 per cent of our LPG production to the Nigerian market.

    “While we compete globally with other LNG companies, our vision is balanced when we help to build a better Nigeria.

    “It is in this line of envisioning, that the Nigeria Prizes for Literature and Science, were birthed,” he said.

    According to him, the NLNG has always been at the forefront of stakeholder partnerships that strengthen Nigeria, its people and their sustainable future.

    Explaining details of the award, the NLNG boss said the company chose to sponsor the ‘Nigeria Prize for Literature’ and the ‘Nigeria Prize for Science,’ with monetary awards of 100,000 dollars each.

    “The Nigeria Prize for Literary Criticism has an award of N1,000,000. “The overall intent of these, is to place a bar of excellence and shun mediocrity in creativity and innovation,” said the NLNG boss.

    This year, he said NLNG chose to celebrate the poetry genre.

    According to him, a record 288 poetry submissions were received, out of which 11 entries were long-listed and later, three were finally shortlisted from where the winner emerged.

    “I congratulate the shortlist of three; Romeo Oriogun, S’ueddie Agema and Saddiq Dzukoji,” he said.

    Mshelbila explained that the Nigeria Prize for Science this year was about food security.

    He said the United Nations Committee on World Food Security defined food security as a situation wherein all people, at all times, had physical, social, and economic access to sufficient, safe, and nutritious food that met their food preferences and dietary needs for an active and healthy life.

    The News Agency of Nigeria reports that the recipients of the 2022 Nigeria Prize for Science were Dr Muhydideen Oyekunle and Dr Shehu Ado as well as Dr Sesan Ayodeji and Dr Emmanuel Olatomilola.

    Their works are entitled: ‘Gains in Grain Yield of Released Maize (Zea Mays L.

    ) Cultivars under Drought and Well-Watered Conditions’ as well as ‘Development of Process Plant for Plantain Flour,’ respectively.

    Minister of Science and Technology, Sen. Adeleke Mamora, Amb. Gabriel Aduda, Permanent Secretary, Federal Ministry of Petroleum Resources and representatives of Service Chiefs and the Inspector General of Police were among dignitaries at the Grand Award Night.


    NewsSourceCredit: NAN

  •  Mr Simbi Wabote Executive Secretary Nigerian Content Development and Monitoring Board NCDMB has lauded the Minister of State for Petroleum Resources Chief Timipre Sylva on the conferment of Commander of the Order of the Niger CON on him Wabote gave the commendation in a statement on Tuesday following the conferment of the honour on the minister by President Muhammadu Buhari He noted that Sylva who was appointed in 2019 was fully deserving of the national honour having worked tirelessly to change the Nigerian oil and gas landscape According to him the minister has recorded several accomplishments which had improved the economy of the nation He listed some of the achievements to include working with the National Assembly for the passage of the Petroleum Industry Bill PIB Wabote said the bill was signed into law by President Muhammadu Buhari on Aug 16 2021 to become the Petroleum Industry Act PIA 2021 He said it also included the initiation and launching of the Decade of Gas Initiative in 2020 and the National Gas Expansion Programme NGEP aimed at improving domestic LPG consumption and deepening the use of alternative fuels such as CNG for vehicular use He added that the NGEP promoted the use of cleaner and cheaper fuels and ensured that the impact of subsidy removal from Premium Motor Spirit PMS was minimal Other achievements of the minister included improving the harmonised data reporting to Organisation of the Petroleum Exporting Countries OPEC Provision of comprehensive technical support for Nigeria s representation at OPEC and ensuring that the Federal Government took the Final Investment Decision FID that led to the development of the 7 billion dollars NLNG Train 7 project It Championed Africa s position for a multi dimensional approach to energy transition using gas as a transition fuel Wabote said He said Sylva also championed the removal of fuel subsidy so that the proceeds could be channeled towards national development and the rehabilitation of the three refineries in Nigeria Port Harcourt Warri and Kaduna Wabote listed other accomplishments of the minister to include pushing for the resuscitation of the Brass LNG project abandoned over 17 years ago by sourcing for new investors and launching the Nigerian Gas Transportation Network Code NGTNC programme He added that the minister conceived the Nigerian Gas Flare Commercialisation Programme NGFCP to support Nigeria s effort to achieve zero routine flaring by taking gas at flare and auctioning same to third parties for commercialisation He also cr NewsSourceCredit NAN
    NCDMB boss hails Sylva’s national honours award
     Mr Simbi Wabote Executive Secretary Nigerian Content Development and Monitoring Board NCDMB has lauded the Minister of State for Petroleum Resources Chief Timipre Sylva on the conferment of Commander of the Order of the Niger CON on him Wabote gave the commendation in a statement on Tuesday following the conferment of the honour on the minister by President Muhammadu Buhari He noted that Sylva who was appointed in 2019 was fully deserving of the national honour having worked tirelessly to change the Nigerian oil and gas landscape According to him the minister has recorded several accomplishments which had improved the economy of the nation He listed some of the achievements to include working with the National Assembly for the passage of the Petroleum Industry Bill PIB Wabote said the bill was signed into law by President Muhammadu Buhari on Aug 16 2021 to become the Petroleum Industry Act PIA 2021 He said it also included the initiation and launching of the Decade of Gas Initiative in 2020 and the National Gas Expansion Programme NGEP aimed at improving domestic LPG consumption and deepening the use of alternative fuels such as CNG for vehicular use He added that the NGEP promoted the use of cleaner and cheaper fuels and ensured that the impact of subsidy removal from Premium Motor Spirit PMS was minimal Other achievements of the minister included improving the harmonised data reporting to Organisation of the Petroleum Exporting Countries OPEC Provision of comprehensive technical support for Nigeria s representation at OPEC and ensuring that the Federal Government took the Final Investment Decision FID that led to the development of the 7 billion dollars NLNG Train 7 project It Championed Africa s position for a multi dimensional approach to energy transition using gas as a transition fuel Wabote said He said Sylva also championed the removal of fuel subsidy so that the proceeds could be channeled towards national development and the rehabilitation of the three refineries in Nigeria Port Harcourt Warri and Kaduna Wabote listed other accomplishments of the minister to include pushing for the resuscitation of the Brass LNG project abandoned over 17 years ago by sourcing for new investors and launching the Nigerian Gas Transportation Network Code NGTNC programme He added that the minister conceived the Nigerian Gas Flare Commercialisation Programme NGFCP to support Nigeria s effort to achieve zero routine flaring by taking gas at flare and auctioning same to third parties for commercialisation He also cr NewsSourceCredit NAN
    NCDMB boss hails Sylva’s national honours award
    General news2 months ago

    NCDMB boss hails Sylva’s national honours award

    Mr Simbi Wabote,  Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB) has lauded the Minister of State for Petroleum Resources, Chief Timipre Sylva on the conferment of Commander of the Order of the Niger (CON) on him.

    Wabote gave the commendation in a statement on Tuesday following the conferment of the honour on the minister by President Muhammadu Buhari.

    He noted that Sylva, who was appointed in 2019, was fully deserving of the national honour, having worked tirelessly to change the Nigerian oil and gas landscape.

    According to him, the minister has recorded several accomplishments, which had improved the economy of the nation.

    He listed some of the achievements to include working with the National Assembly for the passage of the Petroleum Industry Bill (PIB).

    Wabote said the bill was signed into law by President Muhammadu Buhari on Aug. 16, 2021, to become the Petroleum Industry Act (PIA) 2021. He said it also included the initiation and launching of the Decade of Gas Initiative in 2020 and the National Gas Expansion Programme (NGEP), aimed at improving domestic LPG consumption and deepening the use of alternative fuels such as CNG for vehicular use.

    He added that the NGEP promoted the use of cleaner and cheaper fuels and ensured that the impact of subsidy removal from Premium Motor Spirit (PMS) was minimal.

    “Other achievements of the minister included improving the harmonised data reporting to Organisation of the Petroleum Exporting Countries (OPEC).

    “Provision of comprehensive technical support for Nigeria’s representation at OPEC and ensuring that the Federal Government took the Final Investment Decision (FID) that led to the development of the 7 billion dollars NLNG Train 7 project.

    “It Championed Africa’s position for a multi-dimensional approach to energy transition using gas as a transition fuel,” Wabote said.

    He said Sylva also championed the removal of fuel subsidy so that the proceeds could be channeled towards national development and the rehabilitation of the three refineries in Nigeria: Port Harcourt, Warri and Kaduna.

    Wabote listed other accomplishments of the minister to include pushing for the resuscitation of the Brass LNG project abandoned over 17 years ago by sourcing for new investors and launching the Nigerian Gas Transportation Network Code (NGTNC) programme.

    He added that the minister conceived the Nigerian Gas Flare Commercialisation Programme (NGFCP) to support Nigeria’s effort to achieve zero routine flaring by taking gas at flare and auctioning same to third parties for commercialisation.

    He also cr
    NewsSourceCredit: NAN

  •  The Nigerian National Petroleum Company Limited NNPC LTD has completed the acquisition of OVH Energy Marketing Limited OVHEM downstream assets under an Accelerated Network Expansion ANEX Initiative Unveiling the acquisition on Saturday in Abuja Sen Margery Okadigbo NNPC Ltd Board Chairman said it would strengthen the downstream business portfolio to enhance profitability and guarantee National Energy Security The News Agency of Nigeria reports that downstream assets acquisition which were from OVHEM operators of Oando filling stations include reception jetty ASPM with 240 000MT monthly capacity and eight LPG Plants Others include three Lubes blending plants three Aviation Depots and 12 warehouses Okadigbo said the acquisition would bring over 380 additional filling stations under NNPC Retail brand in Nigeria and Togo to its journey of attaining 1 500 stations We will be the largest petroleum product retail network in Africa We are going to have the Biggest filling station collection in Africa OVH has given us so much to look after the investment we have you on the package to continue to work with us Okadigbo said Malam Mele Kyari NNPC Ltd Group Chief Executive GCEO said the merger was achievable through NNPC Ltd robust system and network being an institution with the capabilities to deliver to shareholders Kyari said the acquisition was in line with President Muhammadu Buhari s zeal for the NNPC to consistently provide energy security for Nigeria which involved access to products and management of the every transition By this merger we are the largest downstream company with robust network in the country and in Africa This is vehicle to ensure we deliver on the energy transition in the country We will use it to deliver Liquefied Petroleum Gas LPG and Compressed Natural Gas C into the market Poor citizens who rely on biomass to cook 70 per cent of Nigerians don t have access to clean cooking fuel downstream company with robust network in the country and in Africa This is an opportunity for us to utilise this privilege and expand it Today what we have struggled for years have been attained We will deliver value to our stakeholders and guarantee energy to all he said In a remark Huub Stokman OVH CEO said the company was enthusiastic of the future potential and capabilities of the combine entity and was ready to bring efficiency in leading business Stokman said this acquisition from NNPC which would transform downstream energy sector in West Africa came at a critical time in the Nigerian energy sector and in the light of the enactment of the Petroleum Industry Act 2021 PIA As the demand is still increasing also there should be deliberate effort to increase the supply in consumption of Natural Gas energy transition The combined entity will be well positioned to take advantage of these opportunities in a way the will really positively impact oil and gas downstream sector he said NewsSourceCredit NAN
    NNPC Ltd acquires OVH energy marketing limited assets
     The Nigerian National Petroleum Company Limited NNPC LTD has completed the acquisition of OVH Energy Marketing Limited OVHEM downstream assets under an Accelerated Network Expansion ANEX Initiative Unveiling the acquisition on Saturday in Abuja Sen Margery Okadigbo NNPC Ltd Board Chairman said it would strengthen the downstream business portfolio to enhance profitability and guarantee National Energy Security The News Agency of Nigeria reports that downstream assets acquisition which were from OVHEM operators of Oando filling stations include reception jetty ASPM with 240 000MT monthly capacity and eight LPG Plants Others include three Lubes blending plants three Aviation Depots and 12 warehouses Okadigbo said the acquisition would bring over 380 additional filling stations under NNPC Retail brand in Nigeria and Togo to its journey of attaining 1 500 stations We will be the largest petroleum product retail network in Africa We are going to have the Biggest filling station collection in Africa OVH has given us so much to look after the investment we have you on the package to continue to work with us Okadigbo said Malam Mele Kyari NNPC Ltd Group Chief Executive GCEO said the merger was achievable through NNPC Ltd robust system and network being an institution with the capabilities to deliver to shareholders Kyari said the acquisition was in line with President Muhammadu Buhari s zeal for the NNPC to consistently provide energy security for Nigeria which involved access to products and management of the every transition By this merger we are the largest downstream company with robust network in the country and in Africa This is vehicle to ensure we deliver on the energy transition in the country We will use it to deliver Liquefied Petroleum Gas LPG and Compressed Natural Gas C into the market Poor citizens who rely on biomass to cook 70 per cent of Nigerians don t have access to clean cooking fuel downstream company with robust network in the country and in Africa This is an opportunity for us to utilise this privilege and expand it Today what we have struggled for years have been attained We will deliver value to our stakeholders and guarantee energy to all he said In a remark Huub Stokman OVH CEO said the company was enthusiastic of the future potential and capabilities of the combine entity and was ready to bring efficiency in leading business Stokman said this acquisition from NNPC which would transform downstream energy sector in West Africa came at a critical time in the Nigerian energy sector and in the light of the enactment of the Petroleum Industry Act 2021 PIA As the demand is still increasing also there should be deliberate effort to increase the supply in consumption of Natural Gas energy transition The combined entity will be well positioned to take advantage of these opportunities in a way the will really positively impact oil and gas downstream sector he said NewsSourceCredit NAN
    NNPC Ltd acquires OVH energy marketing limited assets
    General news2 months ago

    NNPC Ltd acquires OVH energy marketing limited assets

    The Nigerian National Petroleum Company Limited (NNPC LTD.

    ) has completed the acquisition of OVH Energy Marketing Limited (OVHEM) downstream assets under an Accelerated Network Expansion (ANEX) Initiative.

    Unveiling the acquisition on Saturday in Abuja, Sen. Margery Okadigbo, NNPC Ltd Board Chairman, said it would strengthen the downstream business portfolio to enhance profitability and guarantee National Energy Security.

    The News Agency of Nigeria reports that downstream assets acquisition which were from OVHEM, operators of Oando filling stations, include reception jetty (ASPM) with 240,000MT monthly capacity and eight LPG Plants.

    Others include three Lubes blending plants, three Aviation Depots, and 12 warehouses.

    Okadigbo said the acquisition would bring over 380 additional filling stations under NNPC Retail brand in Nigeria and Togo to its journey of attaining 1,500 stations.

    “We will be the largest petroleum product retail network in Africa.

    We are going to have the Biggest filling station collection in Africa.

    “OVH has given us so much to look after the investment we have you on the package to continue to work with us,” Okadigbo said.

    Malam Mele Kyari, NNPC Ltd. Group Chief Executive (GCEO), said the merger was achievable through NNPC Ltd robust system and network, being an institution with the capabilities to deliver to shareholders.

    Kyari said the acquisition was in line with President Muhammadu Buhari’s zeal for the NNPC to consistently provide energy security for Nigeria which involved access to products and management of the every transition.

    “By this merger, we are the largest downstream company with robust network in the country and in Africa.

    “This is vehicle to ensure we deliver on the energy transition in the country.

    “We will use it to deliver Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (C into the market.

    “Poor citizens who rely on biomass to cook.

    70 per cent of Nigerians don’t have access to clean cooking fuel downstream company with robust network in the country and in Africa.

    This is an opportunity for us to utilise this privilege and expand it.

    “Today what we have struggled for years have been attained.

    We will deliver value to our stakeholders and guarantee energy to all,” he said.  

    In a remark, Huub Stokman, OVH CEO, said the company was enthusiastic of the future potential and capabilities of the combine entity and was ready to bring efficiency in leading business.

    Stokman said this acquisition from NNPC, which would transform downstream energy sector in West Africa, came at a critical time in the Nigerian energy sector and in the light of the enactment of the Petroleum Industry Act 2021 (PIA).

    “As the demand is still increasing, also there should be deliberate effort to increase the supply in consumption of Natural Gas energy transition.

    “The combined entity will be well positioned to take advantage of these opportunities in a way the will really positively impact oil and gas downstream sector,” he said.


    NewsSourceCredit: NAN

  •  The Nigerian Heart Foundation NHF says 80 per cent of premature deaths from heart diseases can be addressed if tobacco use unhealthy diet physical inactivity harmful use of alcohol and air pollution are controlled Addressing a news conference in Lagos on behalf of the NHF Mrs Dolapo Coker Member Nutrition Committee of the foundation stressed the need to address carbon emissions by the government to reduce cardiovascular diseases The News Agency of Nigeria reports that the briefing was to commemorate 2022 World Heart Day The World Heart Day is marked annually on Sept 20 to raise awareness about Cardiovascular Diseases CVD their management as well as their toll on the society The theme of the 2022 World Heart Day is Use heart for every heart Coker a former President of the Nigerian Institute of Food Science and Technology said that heart diseases remained the number one cause of death worldwide claiming 18 6 million lives per year She said that the World Heart Foundation WHF was calling for urgent action on climate change and health inequity saying millions more lives now at risk from cardiovascular disease which is still the world s biggest killer The year 2022 has seen historic heat waves and with climate change disproportionately affecting the most vulnerable populations we can expect a further widening of the gap in global cardiovascular healthcare equity Climate change and related air pollution is already responsible for 25 of all deaths from cardiovascular disease killing 7 million people annually Quoting Prof Fausto Pinto President of WHF Coker said Millions of already vulnerable people are doubly exposed to extreme weather events and limited access to healthcare World leaders must step up efforts on the two biggest threats of our time climate change and global health inequity Coker said that working hand in hand with the World Health Organisation WHO WHF was calling on governments civil society and global industry to meet net zero targets to tackle global warming and curb air pollution and to deliver healthcare access for all A new global survey by WHF highlights the global concern surrounding the link between climate change and cardiovascular disease with climate change and air pollution ranked as the third most serious issues in relation to cardiovascular health among the respondents The survey also revealed that awareness of healthcare inequality is growing in reply to a question about which global issues affected cardiovascular disease the most the second The second most common answer was social inequality and access to healthcare WHF is also urging healthcare providers to help improve cardiovascular health and prevent CVD mortality by issuing regular reminders to at risk groups about the dangers of extreme weather events including tips on managing excessive heat events She commended all partner in the fight against heart diseases and promotion of healthy lifestyles in Nigeria In his goodwill message Mr Foluso Ogunwale the Chief Executive Officer I Fitness who described heart as most important organ in the body decried prevalence of harmful lifestyles and physical inactivity among many Nigerians If the heart is that much important it means that at one point we need to match the brake and examine how we live over lives so that we can perhaps live a happy and healthier life The issue of physical health physical exercise and the issue of nutrition and harmful lifestyles that potentially cause heart diseases can be addressed Ogunwale said Another NHF s partner Quest Oil Group said that the issue of heart health was a concern to the firm hence the commitment to address carbon emissions to reduce heart risks Its Corporate Communications and Branding Manager Mr Gerald Moore said For us at Quest Oil we believe that good health is good business and that is why we innovatively changed the energy mix that we provide our customers We now have different systems that can change from fuel to gas We have gas as our transition fuel We also provide LPG which is cleaner fuel We also started something innovative in our stations which is to replace the existing fuel generators with the solar power system We believe that will significantly reduce the carbon emissions and give out stakeholders the opportunity for a better health Moore said In her remarks wife of Lagos State Governor Dr Ibijoke Sanwo Olu said it was extremely important that people desist from unhealthy lifestyles to build heathy population which in turn would enhance productivity in the state Sanwo Olu who was represented by Mrs Patience Ogunnubi Member Committee of Wives of Lagos State Officials said that the increase in the statistics of cardiovascular disease called for comprehensive approach and strategy This is to ensure that people are aware of the serious threat that the disease posed She advised people to embrace deliberate lifestyles and choice that can help to address the trend NAN reports that the NHF has outlined a month long activities to mark the 2022 World Heart Day which include bike a Heart Route cycling rides medical health talks and check walks mini health exhibitions distribution of fliers and i Fitness exercise NewsSourceCredit NAN
    How to avoid 80% of heart-related diseases— NHF
     The Nigerian Heart Foundation NHF says 80 per cent of premature deaths from heart diseases can be addressed if tobacco use unhealthy diet physical inactivity harmful use of alcohol and air pollution are controlled Addressing a news conference in Lagos on behalf of the NHF Mrs Dolapo Coker Member Nutrition Committee of the foundation stressed the need to address carbon emissions by the government to reduce cardiovascular diseases The News Agency of Nigeria reports that the briefing was to commemorate 2022 World Heart Day The World Heart Day is marked annually on Sept 20 to raise awareness about Cardiovascular Diseases CVD their management as well as their toll on the society The theme of the 2022 World Heart Day is Use heart for every heart Coker a former President of the Nigerian Institute of Food Science and Technology said that heart diseases remained the number one cause of death worldwide claiming 18 6 million lives per year She said that the World Heart Foundation WHF was calling for urgent action on climate change and health inequity saying millions more lives now at risk from cardiovascular disease which is still the world s biggest killer The year 2022 has seen historic heat waves and with climate change disproportionately affecting the most vulnerable populations we can expect a further widening of the gap in global cardiovascular healthcare equity Climate change and related air pollution is already responsible for 25 of all deaths from cardiovascular disease killing 7 million people annually Quoting Prof Fausto Pinto President of WHF Coker said Millions of already vulnerable people are doubly exposed to extreme weather events and limited access to healthcare World leaders must step up efforts on the two biggest threats of our time climate change and global health inequity Coker said that working hand in hand with the World Health Organisation WHO WHF was calling on governments civil society and global industry to meet net zero targets to tackle global warming and curb air pollution and to deliver healthcare access for all A new global survey by WHF highlights the global concern surrounding the link between climate change and cardiovascular disease with climate change and air pollution ranked as the third most serious issues in relation to cardiovascular health among the respondents The survey also revealed that awareness of healthcare inequality is growing in reply to a question about which global issues affected cardiovascular disease the most the second The second most common answer was social inequality and access to healthcare WHF is also urging healthcare providers to help improve cardiovascular health and prevent CVD mortality by issuing regular reminders to at risk groups about the dangers of extreme weather events including tips on managing excessive heat events She commended all partner in the fight against heart diseases and promotion of healthy lifestyles in Nigeria In his goodwill message Mr Foluso Ogunwale the Chief Executive Officer I Fitness who described heart as most important organ in the body decried prevalence of harmful lifestyles and physical inactivity among many Nigerians If the heart is that much important it means that at one point we need to match the brake and examine how we live over lives so that we can perhaps live a happy and healthier life The issue of physical health physical exercise and the issue of nutrition and harmful lifestyles that potentially cause heart diseases can be addressed Ogunwale said Another NHF s partner Quest Oil Group said that the issue of heart health was a concern to the firm hence the commitment to address carbon emissions to reduce heart risks Its Corporate Communications and Branding Manager Mr Gerald Moore said For us at Quest Oil we believe that good health is good business and that is why we innovatively changed the energy mix that we provide our customers We now have different systems that can change from fuel to gas We have gas as our transition fuel We also provide LPG which is cleaner fuel We also started something innovative in our stations which is to replace the existing fuel generators with the solar power system We believe that will significantly reduce the carbon emissions and give out stakeholders the opportunity for a better health Moore said In her remarks wife of Lagos State Governor Dr Ibijoke Sanwo Olu said it was extremely important that people desist from unhealthy lifestyles to build heathy population which in turn would enhance productivity in the state Sanwo Olu who was represented by Mrs Patience Ogunnubi Member Committee of Wives of Lagos State Officials said that the increase in the statistics of cardiovascular disease called for comprehensive approach and strategy This is to ensure that people are aware of the serious threat that the disease posed She advised people to embrace deliberate lifestyles and choice that can help to address the trend NAN reports that the NHF has outlined a month long activities to mark the 2022 World Heart Day which include bike a Heart Route cycling rides medical health talks and check walks mini health exhibitions distribution of fliers and i Fitness exercise NewsSourceCredit NAN
    How to avoid 80% of heart-related diseases— NHF
    General news2 months ago

    How to avoid 80% of heart-related diseases— NHF

    The Nigerian Heart Foundation (NHF) says 80 per cent of premature deaths from heart diseases can be addressed if tobacco use, unhealthy diet, physical inactivity, harmful use of alcohol and air pollution are controlled.

    Addressing a news conference in Lagos on behalf of the NHF, Mrs Dolapo Coker, Member, Nutrition Committee of the foundation, stressed the need to address carbon emissions by the government to reduce cardiovascular diseases.

    The News Agency of Nigeria reports that the briefing was to commemorate 2022 World Heart Day.    The World Heart Day is marked annually on Sept. 20 to raise awareness about Cardiovascular Diseases (CVD), their management, as well as their toll on the society.

    The theme of the 2022 World Heart Day is ‘Use heart for every heart”.

    Coker, a former President of the Nigerian Institute of Food Science and Technology, said that heart diseases remained the number one cause of death worldwide, claiming 18.6 million lives per year.

    She said that the World Heart Foundation (WHF) was calling for urgent action on climate change and health inequity, saying millions more lives now at risk from cardiovascular disease, “which is still the world’s biggest killer.

    ” “The year 2022 has seen historic heat waves and, with climate change disproportionately affecting the most vulnerable populations, we can expect a further widening of the gap in global cardiovascular healthcare equity.

    “Climate change and related air pollution is already responsible for 25% of all deaths from cardiovascular disease, killing 7 million people annually.

    Quoting Prof. Fausto Pinto, President of WHF, Coker said: “Millions of already vulnerable people are doubly exposed to extreme weather events and limited access to healthcare.

    “World leaders must step up efforts on the two biggest threats of our time – climate change and global health inequity.

    ” Coker said that working hand in hand with the World Health Organisation (WHO), WHF was calling on governments, civil society, and global industry to meet net-zero targets, to tackle global warming and curb air pollution, and to deliver healthcare access for all .

    “A new global survey by WHF highlights the global concern surrounding the link between climate change and cardiovascular disease with climate change and air pollution ranked as the third most serious issues in relation to cardiovascular health among the respondents.

    “The survey also revealed that awareness of healthcare inequality is growing: in reply to a question about which global issues affected cardiovascular disease the most the second.

    “The second most common answer was social inequality and access to healthcare.

    “WHF is also urging healthcare providers to help improve cardiovascular health and prevent CVD mortality by issuing regular reminders to at-risk groups about the dangers of extreme weather events, including tips on managing excessive heat events.

    ” She commended all partner in the fight against heart diseases and promotion of healthy lifestyles in Nigeria.

    In his goodwill message, Mr Foluso Ogunwale, the Chief Executive Officer, I Fitness, who described heart as most important organ in the body, decried prevalence of harmful lifestyles and physical inactivity among many Nigerians.

    “If the heart is that much important, it means that at one point we need to match the brake and examine how we live over lives so that we can perhaps live a happy and healthier life.

    “The issue of physical health, physical exercise and the issue of nutrition and harmful lifestyles that potentially cause heart diseases can be addressed,” Ogunwale said.

    Another NHF’s partner, Quest Oil Group, said that the issue of heart health was a concern to the firm, hence the commitment to address carbon emissions to reduce heart risks.

    Its Corporate Communications and Branding Manager, Mr Gerald Moore, said: “For us at Quest Oil, we believe that good health is good business and that is why we innovatively changed the energy mix that we provide our customers.

    “We now have different systems that can change from fuel to gas.

    We have gas as our transition fuel.

    We also provide LPG which is cleaner fuel.

    “We also started something innovative in our stations, which is to replace the existing fuel generators with the solar power system.

    “We believe that will significantly reduce the carbon emissions and give out stakeholders the opportunity for a better health,’ Moore said.

    In her remarks, wife of Lagos State Governor, Dr Ibijoke Sanwo-Olu, said it was extremely important that people desist from unhealthy lifestyles to build heathy population which in turn would enhance productivity in the state.

    Sanwo-Olu, who was represented by Mrs Patience Ogunnubi, Member, Committee of Wives of Lagos State Officials, said that the increase in the statistics of cardiovascular disease called for comprehensive approach and strategy.

    “This is to ensure that people are aware of the serious threat that the disease posed.

    ” She advised people to embrace deliberate lifestyles and choice that can help to address the trend.

    NAN reports that the NHF has outlined a month long activities to mark the 2022 World Heart Day which include bike a Heart Route (cycling rides), medical health talks and check, walks, mini health exhibitions, distribution of fliers and i Fitness exercise.


    NewsSourceCredit: NAN

  •  The Federal Government says Nigeria currently produces about five million tonnes of Liquefied Petroleum Gas LPG annually and only eight per cent of the production is being utilised domestically with the bulk being exported It says domestic LPG production stands at about 45 per cent of annual consumption with Nigerian Liquefied Natural Gas Limited NL supplying 450 000 metric tonnes per annum while 55 per cent is imported Dr Adeyemi Dipeolu Special Adviser to the President on Economic Matters in the Office of the Vice President made this known on Wednesday at the India Nigeria Liquefied Petroleum Gas LPG Summit Abuja 2022 The India Nigeria LPG summit was hosted by Nigerian National Petroleum Company Limited NNPC Ltd with the support of the Office of the Vice President and World LPG Association WLPGA The summit is expected to translate into bilateral exchanges to foster mutual collaboration and opportunities for the Nigerian LPG industry to learn from India s experience one of the world s most successful National LPG penetration initiatives In a keynote address Dipeolu said Nigeria had the ninth largest proven natural gas reserves in the world and also the second largest producer of LPG in Africa after Algeria LPG adoption in the Nigerian market of course is still very low with per capita consumption at about 1 8 kg which is below the West African average The household energy mix in Nigeria is about five per cent LPG 65 per cent biomass and 30 per cent kerosene The preference for the use of other sources is largely due to high switching costs associated with the acquisition of cylinders and LPG stoves lack of awareness of associated benefits and safe LPG handling across consumer basis There is also the high cost of LPG in comparison with alternative fuels insufficient and inappropriate cylinders in circulation and inadequate infrastructure especially trucks roads rail pipelines and plants he said He said the predominant use of biomass for household cooking resulted in deforestation and ambient air pollution which also could lead to death due to stroke heart disease lung cancer and chronic respiratory diseases The Presidential Aide underscored the imperative for policies incentives and investment to grow the Nigerian LPG market This he said would make cleaner fuel available accessible and affordable not only for household cooking but also in autogas captive power generation heating and cooling as well as agriculture and industry He expressed optimism that Nigeria would learn from Indian s experience with the Pradhan Mantri Ujjwala Yojana PMUY scheme implemented by the Indian Government in May 2016 such that LPG penetration in that country increased from 62 per cent to 100 per cent currently He said the theme of the summit Energising the Future Leveraging the Indian Experience to Achieve Nigerian National LPG Aspiration underscored the need for cooperation and collaboration between the two countries Dipeolu said the cooperation should dwell on policy structures health safety and environmental methods and standards ICT infrastructure management techniques stakeholder engagement and innovative programmes to incentivise Nigerian LPG market growth According to him the recently enacted PIA specifically provides enablers for robust midstream and downstream gas development through promotion of policies incentives and wavers to stimulate investments Others he said included removal of VAT on domestic LPG presidential waiver on duty imported LPG equipment tax holiday on new investment on gas and approval of eight new LPG terminals and storage facilities to add 150 000 metric tonnes gas capacity NewsSourceCredit NAN
    Nigeria’s LPG production hits 5m tonnes, utilises 8% domestically – Presidential Aide
     The Federal Government says Nigeria currently produces about five million tonnes of Liquefied Petroleum Gas LPG annually and only eight per cent of the production is being utilised domestically with the bulk being exported It says domestic LPG production stands at about 45 per cent of annual consumption with Nigerian Liquefied Natural Gas Limited NL supplying 450 000 metric tonnes per annum while 55 per cent is imported Dr Adeyemi Dipeolu Special Adviser to the President on Economic Matters in the Office of the Vice President made this known on Wednesday at the India Nigeria Liquefied Petroleum Gas LPG Summit Abuja 2022 The India Nigeria LPG summit was hosted by Nigerian National Petroleum Company Limited NNPC Ltd with the support of the Office of the Vice President and World LPG Association WLPGA The summit is expected to translate into bilateral exchanges to foster mutual collaboration and opportunities for the Nigerian LPG industry to learn from India s experience one of the world s most successful National LPG penetration initiatives In a keynote address Dipeolu said Nigeria had the ninth largest proven natural gas reserves in the world and also the second largest producer of LPG in Africa after Algeria LPG adoption in the Nigerian market of course is still very low with per capita consumption at about 1 8 kg which is below the West African average The household energy mix in Nigeria is about five per cent LPG 65 per cent biomass and 30 per cent kerosene The preference for the use of other sources is largely due to high switching costs associated with the acquisition of cylinders and LPG stoves lack of awareness of associated benefits and safe LPG handling across consumer basis There is also the high cost of LPG in comparison with alternative fuels insufficient and inappropriate cylinders in circulation and inadequate infrastructure especially trucks roads rail pipelines and plants he said He said the predominant use of biomass for household cooking resulted in deforestation and ambient air pollution which also could lead to death due to stroke heart disease lung cancer and chronic respiratory diseases The Presidential Aide underscored the imperative for policies incentives and investment to grow the Nigerian LPG market This he said would make cleaner fuel available accessible and affordable not only for household cooking but also in autogas captive power generation heating and cooling as well as agriculture and industry He expressed optimism that Nigeria would learn from Indian s experience with the Pradhan Mantri Ujjwala Yojana PMUY scheme implemented by the Indian Government in May 2016 such that LPG penetration in that country increased from 62 per cent to 100 per cent currently He said the theme of the summit Energising the Future Leveraging the Indian Experience to Achieve Nigerian National LPG Aspiration underscored the need for cooperation and collaboration between the two countries Dipeolu said the cooperation should dwell on policy structures health safety and environmental methods and standards ICT infrastructure management techniques stakeholder engagement and innovative programmes to incentivise Nigerian LPG market growth According to him the recently enacted PIA specifically provides enablers for robust midstream and downstream gas development through promotion of policies incentives and wavers to stimulate investments Others he said included removal of VAT on domestic LPG presidential waiver on duty imported LPG equipment tax holiday on new investment on gas and approval of eight new LPG terminals and storage facilities to add 150 000 metric tonnes gas capacity NewsSourceCredit NAN
    Nigeria’s LPG production hits 5m tonnes, utilises 8% domestically – Presidential Aide
    General news2 months ago

    Nigeria’s LPG production hits 5m tonnes, utilises 8% domestically – Presidential Aide

    The Federal Government says Nigeria currently produces about five million tonnes of Liquefied Petroleum Gas (LPG) annually and only eight per cent of the production is being utilised domestically, with the bulk being exported.

    It says domestic LPG production stands at about 45 per cent of annual consumption, with Nigerian Liquefied Natural Gas Limited (NL supplying 450,000 metric tonnes per annum while 55 per cent is imported.

    Dr Adeyemi Dipeolu, Special Adviser to the President on Economic Matters in the Office of the Vice President made this known on Wednesday at the India-Nigeria Liquefied Petroleum Gas (LPG) Summit Abuja, 2022. The India-Nigeria LPG summit was hosted by Nigerian National Petroleum Company Limited (NNPC Ltd) with the support of the Office of the Vice President and World LPG Association (WLPGA).

    The summit is expected to translate into bilateral exchanges to foster mutual collaboration and opportunities for the Nigerian LPG industry to learn from India’s experience, one of the world’s most successful National LPG penetration initiatives.

    In a keynote address, Dipeolu said Nigeria had the ninth largest proven natural gas reserves in the world, and also the second largest producer of LPG in Africa after Algeria.

    “LPG adoption in the Nigerian market, of course, is still very low with per capita consumption at about 1.8 kg, which is below the West African average.

    “The household energy mix in Nigeria is about five per cent LPG, 65 per cent biomass and 30 per cent kerosene.

    “The preference for the use of other sources is largely due to high switching costs associated with the acquisition of cylinders and LPG stoves, lack of awareness of associated benefits and safe LPG handling across consumer basis.

    “There is also the high cost of LPG in comparison with alternative fuels, insufficient and inappropriate cylinders in circulation and inadequate infrastructure, especially trucks, roads, rail pipelines and plants,” he said.

    He said the predominant use of biomass for household cooking resulted in deforestation and ambient air pollution, which also could lead to death due to stroke, heart disease, lung cancer and chronic respiratory diseases.

    The Presidential Aide underscored the imperative for policies, incentives and investment to grow the Nigerian LPG market.

    This, he said, would make cleaner fuel available, accessible and affordable, not only for household cooking, but also in autogas, captive power generation, heating and cooling as well as agriculture and industry.

    He expressed optimism that Nigeria would learn from Indian’s experience with the Pradhan Mantri Ujjwala Yojana (PMUY) scheme implemented by the Indian Government in May 2016 such that LPG penetration in that country increased from 62 per cent to 100 per cent currently.

    He said the theme of the summit, `Energising the Future: Leveraging the Indian Experience to Achieve Nigerian National LPG Aspiration’ underscored the need for cooperation and collaboration between the two countries.

    Dipeolu said the cooperation should dwell on policy structures; health, safety and environmental methods and standards, ICT, infrastructure management techniques, stakeholder engagement and innovative programmes to incentivise Nigerian LPG market growth.

    According to him, the recently enacted PIA specifically provides enablers for robust midstream and downstream gas development through promotion of policies, incentives and wavers to stimulate investments.

    Others, he said, included removal of VAT on domestic LPG, presidential waiver on duty imported LPG equipment, tax holiday on new investment on gas and approval of eight new LPG terminals and storage facilities to add 150,000 metric tonnes gas capacity.


    NewsSourceCredit: NAN

  •  The Federal Government says it is aggressively pursuing the opening of micro Liquefied Natural Gas L plants across several communities to address the rising prices of Liquefied Petroleum Gas LPG in the country Dr Mohammed Ibrahim Chairman Natural Gas Expansion Programme NGEP made this known at the 2022 Annual General Meeting of Nigerian Association of Liquefied Petroleum Gas Marketers NALPGAM in Port Harcourt on Wednesday The theme of the event was LPG Sustainability and Contemporary Issues Ibrahim said the Federal Government was fully focused on ensuring that LPG was made available to Nigerians and at an affordable rate in no distant future So we are now building micro LNG plants in every part of this country because we want to demystify LNG In this programme we can have a 4 000 mmbtu LNG plant right in any village where you have a flare site In the next 12 months we are going to open a micro LNG plant in Owazza community in Abia producing LPG right in the village he said Ibrahim said that Nigeria had no business exporting LNG when the country was yet to address local consumption and transformation of the industry According to him the country has an abundance of LNG in the Dahomy Basin Niger Delta Basin Bida Basin Gondola Basin and Chad Basin among others Nigeria is a haven of natural gas So now that LNG is the transition fuel it is an opportunity to take advantage of the resource to develop the country We are producing so much natural gas for export when we should be using it for power production which explains why there is no electricity in the country This means that every single molecule we export out of Nigeria we are exporting electricity and development among others yet we are celebrating Nigeria LNG Train 7 he added He said that massive corruption behind the subsidy scheme on petroleum products had hindered needed growth of the sector and affected the economy So by this time next year 2023 there will be no subsidy on gasoline in Nigeria We will ensure that every single Butane or Propane gas is sold in Nigeria and not exported Once this happens the price of LPG will crash while there will be a massive diffusion of gas into every nook and cranny in the country he said On his part the National President of NALPGAM Mr Oladapo Olatunbosun said the annual general meeting was a yearly event that brought together industry players to brainstorm on how to improve the LPG business He said that NALPGAM members would also look into the LPG distribution value chain and deepening of LPG as the preferred cooking gas We will also look at expansion of the use of LPG into other areas like auto gas power among others which is a catalyst of industrialisation in line with the Decade of Gas declaration of the Federal Government So this event will provide a pathway for stakeholders to x ray the landmarks and roadblocks that may aid or hinder the realisation of the policy he added NewsSourceCredit NAN
    FG plans opening of micro LNG plants in communities
     The Federal Government says it is aggressively pursuing the opening of micro Liquefied Natural Gas L plants across several communities to address the rising prices of Liquefied Petroleum Gas LPG in the country Dr Mohammed Ibrahim Chairman Natural Gas Expansion Programme NGEP made this known at the 2022 Annual General Meeting of Nigerian Association of Liquefied Petroleum Gas Marketers NALPGAM in Port Harcourt on Wednesday The theme of the event was LPG Sustainability and Contemporary Issues Ibrahim said the Federal Government was fully focused on ensuring that LPG was made available to Nigerians and at an affordable rate in no distant future So we are now building micro LNG plants in every part of this country because we want to demystify LNG In this programme we can have a 4 000 mmbtu LNG plant right in any village where you have a flare site In the next 12 months we are going to open a micro LNG plant in Owazza community in Abia producing LPG right in the village he said Ibrahim said that Nigeria had no business exporting LNG when the country was yet to address local consumption and transformation of the industry According to him the country has an abundance of LNG in the Dahomy Basin Niger Delta Basin Bida Basin Gondola Basin and Chad Basin among others Nigeria is a haven of natural gas So now that LNG is the transition fuel it is an opportunity to take advantage of the resource to develop the country We are producing so much natural gas for export when we should be using it for power production which explains why there is no electricity in the country This means that every single molecule we export out of Nigeria we are exporting electricity and development among others yet we are celebrating Nigeria LNG Train 7 he added He said that massive corruption behind the subsidy scheme on petroleum products had hindered needed growth of the sector and affected the economy So by this time next year 2023 there will be no subsidy on gasoline in Nigeria We will ensure that every single Butane or Propane gas is sold in Nigeria and not exported Once this happens the price of LPG will crash while there will be a massive diffusion of gas into every nook and cranny in the country he said On his part the National President of NALPGAM Mr Oladapo Olatunbosun said the annual general meeting was a yearly event that brought together industry players to brainstorm on how to improve the LPG business He said that NALPGAM members would also look into the LPG distribution value chain and deepening of LPG as the preferred cooking gas We will also look at expansion of the use of LPG into other areas like auto gas power among others which is a catalyst of industrialisation in line with the Decade of Gas declaration of the Federal Government So this event will provide a pathway for stakeholders to x ray the landmarks and roadblocks that may aid or hinder the realisation of the policy he added NewsSourceCredit NAN
    FG plans opening of micro LNG plants in communities
    General news2 months ago

    FG plans opening of micro LNG plants in communities

    The Federal Government says it is aggressively pursuing the opening of micro Liquefied Natural Gas (L plants across several communities, to address the rising prices of Liquefied Petroleum Gas (LPG) in the country.

    Dr Mohammed Ibrahim, Chairman, Natural Gas Expansion Programme (NGEP) made this known at the 2022 Annual General Meeting of Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) in Port Harcourt on Wednesday.

    The theme of the event was “LPG Sustainability and Contemporary Issues.

    ” Ibrahim said the Federal Government was fully focused on ensuring that LPG was made available to Nigerians and at an affordable rate in no distant future.

    “So, we are now building micro LNG plants in every part of this country because we want to demystify LNG.

    “In this programme, we can have a 4,000 mmbtu LNG plant right in any village where you have a flare site.

    “In the next 12 months, we are going to open a micro LNG plant in Owazza community in Abia – producing LPG right in the village,” he said.

    Ibrahim said that Nigeria had no business exporting LNG when the country was yet to address local consumption and transformation of the industry.

    According to him, the country has an abundance of LNG in the Dahomy Basin, Niger Delta Basin, Bida Basin, Gondola Basin and Chad Basin, among others.

    “Nigeria is a haven of natural gas.

    So, now that LNG is the transition fuel it is an opportunity to take advantage of the resource to develop the country.

    “We are producing so much natural gas for export when we should be using it for power production, which explains why there is no electricity in the country.

    “This means that every single molecule we export out of Nigeria, we are exporting electricity and development, among others; yet we are celebrating Nigeria LNG Train 7,” he added.

    He said that massive corruption behind the subsidy scheme on petroleum products had hindered needed growth of the sector and affected the economy.

    “So, by this time next year (2023), there will be no subsidy on gasoline in Nigeria.

    We will ensure that every single Butane or Propane gas is sold in Nigeria – and not exported.

    “Once this happens, the price of LPG will crash while there will be a massive diffusion of gas into every nook and cranny in the country,” he said.

    On his part, the National President of NALPGAM, Mr Oladapo Olatunbosun, said the annual general meeting was a yearly event that brought together industry players, to brainstorm on how to improve the LPG business.

    He said that NALPGAM members would also look into the LPG distribution value chain and deepening of LPG as the preferred cooking gas.

    “We will also look at expansion of the use of LPG into other areas like auto-gas, power, among others, which is a catalyst of industrialisation in-line with the Decade of Gas declaration of the Federal Government “So, this event will provide a pathway for stakeholders to x-ray the landmarks and roadblocks that may aid or hinder the realisation of the policy,” he added.


    NewsSourceCredit: NAN

  •  The Nigeria National Petroleum Company NNPC Ltd is collaborating with the Office of the Vice President on establishment of Gas Funding Company Ltd for injection of 20 million cylinders in the next five years The NNPC Ltd said the company s establishment which involved collaboration of other relevant stakeholders and being done under the Marketer Cylinder Owned Model would boost Liquefied Petroleum Gas LPG penetration Malam Mele Kyari the Group Chief Executive Officer GCEO NNPC said this on Wednesday at the opening of India Nigeria Liquefied Petroleum Gas LPG summit in Abuja The India Nigeria LPG summit was hosted by the NNPC with the support of the Office of the Vice President and World LPG Association WLPGA The summit is expected to translate into bilateral exchanges to foster mutual collaborations and opportunities for the Nigerian LPG industry to learn from India s experience one of the world s most successful national LPG penetration initiatives The summit has its theme as Energising the Future Leveraging the Indian Experience to Achieve Nigerian National LPG Aspiration Kyari represented by Mr Adeyemi Adetunji the Group Executive Director Downstream NNPC said the summit would be required to submit a report detailing gaps identified and recommendations on best practices from the Indian experience This he said would be for adoption in Nigeria by relevant stakeholders to achieve rapid National LPG penetration He said the summit would equally discuss the Nigerian experience and Indian example covering safe LPG handling pricing and financial support According to him this will enhance LPG affordability among the poor communication strategies ICT and infrastructure as well as collaboration on Cylinder management and manufacturing Kyari said Nigeria had identified its abundant gas resources as fuel for energy transition which informed its net zero commitments by 2060 and the declaration of 2021 2030 as Decade of Gas NNPC Ltd is an energy company with new investments in gas power and renewables Key pipeline projects such as ELPS II OB3 and AKK to deliver a total of 6 2 billion cubic feet of gas per day to demand nodes across the country are at various stages of completion We have strong presence in the LPG value chain contributing about 45 per cent of domestic supply via JVs Oso Bonny River Terminal affiliates Nigeria LNG Ltd and Ashtavinayak Hydocarbon Ltd and subsidiaries of NPDC The NNPC Ltd is fully aligned with the Federal Government s National Gas Expansion Programme NGEP and National LPG Expansion Plan initiatives and has a full fledged LPG business unit established to commercially drive the National LPG penetration Accordingly NNPC Ltd is commissioned to deploy 740 LPG Micro Distribution Centres MDCs 37 Filing Plants and Skids in its 541 stations within the next three years he said Michael Kelly the Chief Advocacy Officer and Deputy Managing Director WLPGA said the both countries had a powerful role to play in geopolitics for the rest of the century Kelly said the discussions would be followed up to foster the cooperation during its LPG week in Delhi in November adding that looking at lessons learnt and grafting them into Nigerian context would be impactful He said the focus of the summit was to share India s experience with the Pradhan Mantri Ujjwala Yojana PUMY scheme implemented by the Indian Government in May 2016 This scheme pursued an aggressive LPG penetration drive providing free cylinders stoves and valves to end users This resulted to growth in LPG consumption in last 10 years with the Indian National consumption currently at 30 million MT per annum and LPG penetration from 62 per cent in 2016 to 99 per cent in 2019 Mr Shrikant Vadya Chairman Indian Oil Corporation Ltd IOC expressed confidence that the summit would liberate the Indians to achieve Nigerian National LPG aspirations and strengthen India Nigeria bilateral opportunities NewsSourceCredit NAN
    FG, NNPC to inject 20m cylinders via new gas coy
     The Nigeria National Petroleum Company NNPC Ltd is collaborating with the Office of the Vice President on establishment of Gas Funding Company Ltd for injection of 20 million cylinders in the next five years The NNPC Ltd said the company s establishment which involved collaboration of other relevant stakeholders and being done under the Marketer Cylinder Owned Model would boost Liquefied Petroleum Gas LPG penetration Malam Mele Kyari the Group Chief Executive Officer GCEO NNPC said this on Wednesday at the opening of India Nigeria Liquefied Petroleum Gas LPG summit in Abuja The India Nigeria LPG summit was hosted by the NNPC with the support of the Office of the Vice President and World LPG Association WLPGA The summit is expected to translate into bilateral exchanges to foster mutual collaborations and opportunities for the Nigerian LPG industry to learn from India s experience one of the world s most successful national LPG penetration initiatives The summit has its theme as Energising the Future Leveraging the Indian Experience to Achieve Nigerian National LPG Aspiration Kyari represented by Mr Adeyemi Adetunji the Group Executive Director Downstream NNPC said the summit would be required to submit a report detailing gaps identified and recommendations on best practices from the Indian experience This he said would be for adoption in Nigeria by relevant stakeholders to achieve rapid National LPG penetration He said the summit would equally discuss the Nigerian experience and Indian example covering safe LPG handling pricing and financial support According to him this will enhance LPG affordability among the poor communication strategies ICT and infrastructure as well as collaboration on Cylinder management and manufacturing Kyari said Nigeria had identified its abundant gas resources as fuel for energy transition which informed its net zero commitments by 2060 and the declaration of 2021 2030 as Decade of Gas NNPC Ltd is an energy company with new investments in gas power and renewables Key pipeline projects such as ELPS II OB3 and AKK to deliver a total of 6 2 billion cubic feet of gas per day to demand nodes across the country are at various stages of completion We have strong presence in the LPG value chain contributing about 45 per cent of domestic supply via JVs Oso Bonny River Terminal affiliates Nigeria LNG Ltd and Ashtavinayak Hydocarbon Ltd and subsidiaries of NPDC The NNPC Ltd is fully aligned with the Federal Government s National Gas Expansion Programme NGEP and National LPG Expansion Plan initiatives and has a full fledged LPG business unit established to commercially drive the National LPG penetration Accordingly NNPC Ltd is commissioned to deploy 740 LPG Micro Distribution Centres MDCs 37 Filing Plants and Skids in its 541 stations within the next three years he said Michael Kelly the Chief Advocacy Officer and Deputy Managing Director WLPGA said the both countries had a powerful role to play in geopolitics for the rest of the century Kelly said the discussions would be followed up to foster the cooperation during its LPG week in Delhi in November adding that looking at lessons learnt and grafting them into Nigerian context would be impactful He said the focus of the summit was to share India s experience with the Pradhan Mantri Ujjwala Yojana PUMY scheme implemented by the Indian Government in May 2016 This scheme pursued an aggressive LPG penetration drive providing free cylinders stoves and valves to end users This resulted to growth in LPG consumption in last 10 years with the Indian National consumption currently at 30 million MT per annum and LPG penetration from 62 per cent in 2016 to 99 per cent in 2019 Mr Shrikant Vadya Chairman Indian Oil Corporation Ltd IOC expressed confidence that the summit would liberate the Indians to achieve Nigerian National LPG aspirations and strengthen India Nigeria bilateral opportunities NewsSourceCredit NAN
    FG, NNPC to inject 20m cylinders via new gas coy
    General news2 months ago

    FG, NNPC to inject 20m cylinders via new gas coy

    The Nigeria National Petroleum Company (NNPC Ltd) is collaborating with the Office of the Vice President on establishment of Gas Funding Company Ltd for injection of 20 million cylinders in the next five years.

    The NNPC Ltd said the company’s establishment, which involved collaboration of other relevant stakeholders and being done under the Marketer Cylinder Owned Model, would boost Liquefied Petroleum Gas (LPG) penetration.

    Malam Mele Kyari, the Group Chief Executive Officer (GCEO), NNPC, said this on Wednesday at the opening of India-Nigeria Liquefied Petroleum Gas (LPG summit) in Abuja.

    The India-Nigeria LPG summit was hosted by the NNPC with the support of the Office of the Vice President and World LPG Association (WLPGA).

    The summit is expected to translate into bilateral exchanges to foster mutual collaborations and opportunities for the Nigerian LPG industry to learn from India’s experience, one of the world’s most successful national LPG penetration initiatives.

    The summit has its theme as: “Energising the Future: Leveraging the Indian Experience to Achieve Nigerian National LPG Aspiration.

    ” Kyari, represented by Mr Adeyemi Adetunji, the Group Executive Director, Downstream, NNPC, said the summit would be required to submit a report detailing gaps identified and recommendations on best practices from the Indian experience.

    This, he said, would be for adoption in Nigeria by relevant stakeholders to achieve rapid National LPG penetration.

    He said the summit would equally discuss the Nigerian experience and Indian example covering safe LPG handling, pricing and financial support.

    According to him, this will enhance LPG affordability among the poor, communication strategies, ICT and infrastructure as well as collaboration on Cylinder management and manufacturing.

    Kyari said Nigeria had identified its abundant gas resources as fuel for energy transition which informed its net zero commitments by 2060 and the declaration of 2021-2030 as Decade of Gas. “NNPC Ltd is an energy company with new investments in gas, power and renewables.

    Key pipeline projects such as ELPS II, OB3 and AKK to deliver a total of 6.2 billion cubic feet of gas per day to demand nodes across the country are at various stages of completion.

    “We have strong presence in the LPG value chain contributing about 45 per cent of domestic supply via JVs (Oso Bonny River Terminal) affiliates (Nigeria LNG Ltd and Ashtavinayak Hydocarbon Ltd) and subsidiaries of NPDC.

    “The NNPC Ltd. is fully aligned with the Federal Government’s National Gas Expansion Programme (NGEP) and National LPG Expansion Plan initiatives and has a full-fledged LPG business unit established to commercially drive the National LPG penetration.

    “Accordingly, NNPC Ltd is commissioned to deploy 740 LPG Micro Distribution Centres (MDCs) 37 Filing Plants and Skids in its 541 stations within the next three years,’’ he said.

    Michael Kelly, the Chief Advocacy Officer and Deputy Managing Director, WLPGA, said the both countries had a powerful role to play in geopolitics for the rest of the century.

    Kelly said the discussions would be followed up to foster the cooperation during its LPG week in Delhi in November, adding that looking at lessons learnt and grafting them into Nigerian context would be impactful.

    He said the focus of the summit was to share India’s experience with the Pradhan Mantri Ujjwala Yojana (PUMY) scheme implemented by the Indian Government in May 2016. This scheme pursued an aggressive LPG penetration drive, providing free cylinders, stoves and valves to end users.

    This resulted to growth in LPG consumption in last 10 years, with the Indian National consumption currently at 30 million MT per annum and LPG penetration from 62 per cent in 2016 to 99 per cent in 2019. Mr Shrikant Vadya, Chairman, Indian Oil Corporation Ltd. (IOC) expressed confidence that the summit would liberate the Indians to achieve Nigerian National LPG aspirations and strengthen India-Nigeria bilateral opportunities.


    NewsSourceCredit: NAN

  •  The Major Oil Marketers Association of Nigeria MOMAN has reiterated its support to Nigeria s energy transition and efforts of the Federal Government to actualise net zero carbon emission target by 2060 MOMAN also said it had within the last one year organised several trainings for its members to improve efficiency and safety in the petroleum downstream sector operations Mr Olumide Adeosun made these known at a news conference to mark his first year anniversary as the chairman of the association on Friday in Lagos Adeosun said our members are committed to the energy transition and the sustainable decarbonisation of our respective businesses As a collective we have embarked on several impactful initiatives and projects that signals that commitment to cleaner energy According to him MOMAN has been engaging with the National Gas Expansion Programme NGEP to drive the expansion of the use of gas in Nigeria He said the association had recently reviewed the contents of the Federal Government s Auto Gas policy and have sent in a memorandum with the association s input to the policy My members are ready to move as long there is regulatory and policy clarity he said Adeosun who is also the Chief Executive of Ardova Plc said as part of these efforts the company had invested in the construction of a 20 000MT Liquefied Petroleum Gas LPG storage facility in Ijora Lagos He said this new capacity which would come on stream in 2023 would enable economies of scale for coastal gas delivery and help deepen the adoption of LPG as the cooking fuel of choice nationwide Adeosun also reiterated MOMAN s position for the petroleum downstream sector going forward especially with regards to the continued payment of fuel subsidy by the government He said We have tabled our recommendations to the government on our considered view on subsidy removal approach It can best be summarised as full deregulation in phases These huge subsidy payments are simply not sustainable The government should focus on palliatives for Nigerians such as mass transit improve power supply agriculture education etc Government may subsidise sectors that would stimulate sustainable economic growth Overwhelmingly the right course of action is a clear trajectory toward full implementation of the Petroleum Industry Act 2021 as it is a very well thought out legislation that would ultimately cause the petroleum industry in Nigeria to grow Listing some of the achievements of his administration in the past one year Adeosun said it included engagements with stakeholders such as the Ministry of Petroleum Resources the National Assembly and the Federal Competition and Consumer Protection Commission He said MOMAN had also engaged the Nigerian Midstream and Downstream Petroleum Regulatory Authority Dangote Refinery and the Nigerian National Petroleum Company Ltd and the media These engagements have all been in a bid to ensure that downstream positions and our customers interests are well articulated and documented The goal has always been to develop good working relationships with the regulator and positively impact the petroleum sector Adeosun said He said MOMAN member companies being the heritage of International Oil Companies IOCs who have operated in Nigeria in some cases for over 100 years were the custodians of years of operational experience and evolved industry competencies Adeosun said It was our opinion that under investment arising from years of operation under the subsidy regime has led to a degradation of equipment industry knowledge and practices In response MOMAN established regional collaborations with other industry associations across Africa We share best practices and collaborate on various fronts We have therefore pooled our resources and recently published compendiums of best practices for the downstream industry in Nigeria he concluded NewsSourceCredit NAN
    MOMAN reiterates support for energy transition, safety 
     The Major Oil Marketers Association of Nigeria MOMAN has reiterated its support to Nigeria s energy transition and efforts of the Federal Government to actualise net zero carbon emission target by 2060 MOMAN also said it had within the last one year organised several trainings for its members to improve efficiency and safety in the petroleum downstream sector operations Mr Olumide Adeosun made these known at a news conference to mark his first year anniversary as the chairman of the association on Friday in Lagos Adeosun said our members are committed to the energy transition and the sustainable decarbonisation of our respective businesses As a collective we have embarked on several impactful initiatives and projects that signals that commitment to cleaner energy According to him MOMAN has been engaging with the National Gas Expansion Programme NGEP to drive the expansion of the use of gas in Nigeria He said the association had recently reviewed the contents of the Federal Government s Auto Gas policy and have sent in a memorandum with the association s input to the policy My members are ready to move as long there is regulatory and policy clarity he said Adeosun who is also the Chief Executive of Ardova Plc said as part of these efforts the company had invested in the construction of a 20 000MT Liquefied Petroleum Gas LPG storage facility in Ijora Lagos He said this new capacity which would come on stream in 2023 would enable economies of scale for coastal gas delivery and help deepen the adoption of LPG as the cooking fuel of choice nationwide Adeosun also reiterated MOMAN s position for the petroleum downstream sector going forward especially with regards to the continued payment of fuel subsidy by the government He said We have tabled our recommendations to the government on our considered view on subsidy removal approach It can best be summarised as full deregulation in phases These huge subsidy payments are simply not sustainable The government should focus on palliatives for Nigerians such as mass transit improve power supply agriculture education etc Government may subsidise sectors that would stimulate sustainable economic growth Overwhelmingly the right course of action is a clear trajectory toward full implementation of the Petroleum Industry Act 2021 as it is a very well thought out legislation that would ultimately cause the petroleum industry in Nigeria to grow Listing some of the achievements of his administration in the past one year Adeosun said it included engagements with stakeholders such as the Ministry of Petroleum Resources the National Assembly and the Federal Competition and Consumer Protection Commission He said MOMAN had also engaged the Nigerian Midstream and Downstream Petroleum Regulatory Authority Dangote Refinery and the Nigerian National Petroleum Company Ltd and the media These engagements have all been in a bid to ensure that downstream positions and our customers interests are well articulated and documented The goal has always been to develop good working relationships with the regulator and positively impact the petroleum sector Adeosun said He said MOMAN member companies being the heritage of International Oil Companies IOCs who have operated in Nigeria in some cases for over 100 years were the custodians of years of operational experience and evolved industry competencies Adeosun said It was our opinion that under investment arising from years of operation under the subsidy regime has led to a degradation of equipment industry knowledge and practices In response MOMAN established regional collaborations with other industry associations across Africa We share best practices and collaborate on various fronts We have therefore pooled our resources and recently published compendiums of best practices for the downstream industry in Nigeria he concluded NewsSourceCredit NAN
    MOMAN reiterates support for energy transition, safety 
    General news3 months ago

    MOMAN reiterates support for energy transition, safety 

    The Major Oil Marketers Association of Nigeria (MOMAN) has reiterated its support to Nigeria’s energy transition and efforts of the Federal Government to actualise net zero carbon emission target by 2060.MOMAN also said it had within the last one year organised several trainings for its members to improve efficiency and safety in the petroleum downstream sector operations.

    Mr Olumide Adeosun made these known at a news conference to mark his first year anniversary as the chairman of the association on Friday in Lagos.

    Adeosun said: “our members are committed to the energy transition and the sustainable decarbonisation of our respective businesses.

    “As a collective, we have embarked on several impactful initiatives and projects that signals that commitment to cleaner energy.

    ”According to him, MOMAN has been engaging with the National Gas Expansion Programme (NGEP) to drive the expansion of the use of gas in Nigeria.

    He said the association had recently reviewed the contents of the Federal Government’s Auto Gas policy and have sent in a memorandum with the association’s input to the policy.

    “My members are ready to move as long there is regulatory and policy clarity,” he said.

    Adeosun, who is also the Chief Executive of Ardova Plc, said as part of these efforts, the company had invested in the construction of a 20,000MT Liquefied Petroleum Gas (LPG) storage facility in Ijora, Lagos.

    He said this new capacity which would come on stream in 2023 would enable economies of scale for coastal gas delivery and help deepen the adoption of LPG as the cooking fuel of choice nationwide.

    Adeosun also reiterated MOMAN’s position for the petroleum downstream sector going forward, especially with regards to the continued payment of fuel subsidy by the government.

    He said: “We have tabled our recommendations to the government on our considered view on subsidy removal approach.

    ” It can best be summarised as full deregulation in phases.

    These huge subsidy payments are simply not sustainable.

    “The government should focus on palliatives for Nigerians such as mass transit, improve power supply, agriculture, education etc.

    “Government may subsidise sectors that would stimulate sustainable economic growth.

    “Overwhelmingly the right course of action is a clear trajectory toward full implementation of the Petroleum Industry Act 2021, as it is a very well thought out legislation that would ultimately cause the petroleum industry in Nigeria to grow.

    “Listing some of the achievements of his administration in the past one year, Adeosun said it included engagements with  stakeholders such as the Ministry of Petroleum Resources, the National Assembly and the Federal Competition and Consumer Protection Commission.

    He said MOMAN had also engaged the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Dangote Refinery and the Nigerian National Petroleum Company Ltd. and the media.

    “These engagements have all been in a bid to ensure that downstream positions and our customers’ interests are well articulated and documented.

    “The goal has always been to develop good working relationships with the regulator and positively impact the petroleum sector,” Adeosun said.

    He said MOMAN member companies, being the heritage of International Oil Companies (IOCs) who have operated in Nigeria in some cases for over 100 years, were the custodians of years of operational experience and evolved industry competencies.

    Adeosun said: “It was our opinion that under investment arising from years of operation under the subsidy regime has led to a degradation of equipment, industry knowledge and practices.

    “In response, MOMAN established regional collaborations with other industry associations across Africa.

    We share best practices and collaborate on various fronts” We have, therefore, pooled our resources and recently published compendiums of best practices  for the downstream industry in Nigeria” he concluded.


    NewsSourceCredit: NAN

  •   Representing the cleanest and most widely available fossil fuel in Africa the continent has more than 620 trillion cubic feet tcf of proven gas reserves with new exploration campaigns scheduled to double this figure monetization and utilization of gas will enable Africa to make history out of energy poverty by 2030 In addition to opportunities for power generation gas represents the ideal resource to power industries and homes providing heat and clean solutions for cooking At a time when more than 900 million people lack access to clean cooking solutions in Africa it is essential to strengthen the supply and distribution of products such as liquefied petroleum gas LPG In line with this goal LNG market specialist Avedia Gas has joined African Energy Week AEW 2022 as a bronze sponsor further cementing the company s role in Africa s energy future During AEW 2022 Avedia will participate in panel discussions networking events and meetups furthering the dialogue on gas in Africa and the role that LPG has and continues to play Avedia Gas has played and continues to play an important role in strengthening the supply of LPG in the southern African market improving access to clean cooking and improving the processing and handling of LPG in South Africa Since its establishment the company has developed bulk handling and import facilities serving as one of the main LPG suppliers in the country The company is focused on further expanding the national and regional LPG market with AEW 2022 representing the ideal platform to secure new partnerships and agreements that will allow it to achieve its growth goals For Africa strengthening the LPG market in 2022 is key Large scale exploration and production projects are currently underway across the continent offering the opportunity for local people to benefit from both energy and cooking solutions In Africa projects such as the 15 tcf development of Greater Tortue Ahmeyim in Senegal and Mauritania the first phase of which is scheduled to come online in 2023 Equatorial Guinea s 3 7 million tonne per year mtpa Punta Europa liquefied natural gas LNG terminal which aims to enhance intra African gas trade and the 171mfd Sankofa Gas Project in Ghana is set to bring new supplies online Meanwhile in southern Africa specifically more than 100 tcf of reserves in Mozambique 11 tcf in Angola and possibly 20 tcf in Zimbabwe are set to transform the market with the regional LPG sector set to witness a boom of its own Meanwhile new gas infrastructure developments aim to significantly improve intra African gas trade allowing domestic markets across the continent to benefit from improved natural gas supply Taking advantage of the African Continental Free Trade Agreement several projects have been launched including pipelines and trade infrastructure By 2022 more than 900 million people will lack access to clean cooking solutions This is a crisis which directly affects the African population and will continue to cause health and socio economic problems unless new fuel solutions are introduced to the African market Gas is the solution to this crisis Abundant supplies from the continent and accelerating project development promise a new era of distribution and utilization and with companies like Avedia Gas who are committed to improving the supply and distribution of gas related products like LPG the future of continent is brilliant says NJ Ayuk Executive Chairman of the African Energy Chamber AEC adding that During AEW 2022 discussions on the role of gas and LPG in Africa s energy and economic future will be furthered
    Avedia Gas Joins African Energy Week (AEW) 2022 as Bronze Sponsor
      Representing the cleanest and most widely available fossil fuel in Africa the continent has more than 620 trillion cubic feet tcf of proven gas reserves with new exploration campaigns scheduled to double this figure monetization and utilization of gas will enable Africa to make history out of energy poverty by 2030 In addition to opportunities for power generation gas represents the ideal resource to power industries and homes providing heat and clean solutions for cooking At a time when more than 900 million people lack access to clean cooking solutions in Africa it is essential to strengthen the supply and distribution of products such as liquefied petroleum gas LPG In line with this goal LNG market specialist Avedia Gas has joined African Energy Week AEW 2022 as a bronze sponsor further cementing the company s role in Africa s energy future During AEW 2022 Avedia will participate in panel discussions networking events and meetups furthering the dialogue on gas in Africa and the role that LPG has and continues to play Avedia Gas has played and continues to play an important role in strengthening the supply of LPG in the southern African market improving access to clean cooking and improving the processing and handling of LPG in South Africa Since its establishment the company has developed bulk handling and import facilities serving as one of the main LPG suppliers in the country The company is focused on further expanding the national and regional LPG market with AEW 2022 representing the ideal platform to secure new partnerships and agreements that will allow it to achieve its growth goals For Africa strengthening the LPG market in 2022 is key Large scale exploration and production projects are currently underway across the continent offering the opportunity for local people to benefit from both energy and cooking solutions In Africa projects such as the 15 tcf development of Greater Tortue Ahmeyim in Senegal and Mauritania the first phase of which is scheduled to come online in 2023 Equatorial Guinea s 3 7 million tonne per year mtpa Punta Europa liquefied natural gas LNG terminal which aims to enhance intra African gas trade and the 171mfd Sankofa Gas Project in Ghana is set to bring new supplies online Meanwhile in southern Africa specifically more than 100 tcf of reserves in Mozambique 11 tcf in Angola and possibly 20 tcf in Zimbabwe are set to transform the market with the regional LPG sector set to witness a boom of its own Meanwhile new gas infrastructure developments aim to significantly improve intra African gas trade allowing domestic markets across the continent to benefit from improved natural gas supply Taking advantage of the African Continental Free Trade Agreement several projects have been launched including pipelines and trade infrastructure By 2022 more than 900 million people will lack access to clean cooking solutions This is a crisis which directly affects the African population and will continue to cause health and socio economic problems unless new fuel solutions are introduced to the African market Gas is the solution to this crisis Abundant supplies from the continent and accelerating project development promise a new era of distribution and utilization and with companies like Avedia Gas who are committed to improving the supply and distribution of gas related products like LPG the future of continent is brilliant says NJ Ayuk Executive Chairman of the African Energy Chamber AEC adding that During AEW 2022 discussions on the role of gas and LPG in Africa s energy and economic future will be furthered
    Avedia Gas Joins African Energy Week (AEW) 2022 as Bronze Sponsor
    Africa3 months ago

    Avedia Gas Joins African Energy Week (AEW) 2022 as Bronze Sponsor

    Representing the cleanest and most widely available fossil fuel in Africa, the continent has more than 620 trillion cubic feet (tcf) of proven gas reserves, with new exploration campaigns scheduled to double this figure: monetization and utilization of gas will enable Africa to make history out of energy poverty by 2030.

    In addition to opportunities for power generation, gas represents the ideal resource to power industries and homes, providing heat and clean solutions for cooking.

    At a time when more than 900 million people lack access to clean cooking solutions in Africa, it is essential to strengthen the supply and distribution of products such as liquefied petroleum gas (LPG).

    In line with this goal, LNG market specialist Avedia Gas has joined African Energy Week (AEW) 2022 as a bronze sponsor, further cementing the company's role in Africa's energy future.

    During AEW 2022, Avedia will participate in panel discussions, networking events and meetups, furthering the dialogue on gas in Africa and the role that LPG has and continues to play.

    Avedia Gas has played and continues to play an important role in strengthening the supply of LPG in the southern African market, improving access to clean cooking and improving the processing and handling of LPG in South Africa.

    Since its establishment, the company has developed bulk handling and import facilities, serving as one of the main LPG suppliers in the country.

    The company is focused on further expanding the national and regional LPG market, with AEW 2022 representing the ideal platform to secure new partnerships and agreements that will allow it to achieve its growth goals.

    For Africa, strengthening the LPG market in 2022 is key.

    Large-scale exploration and production projects are currently underway across the continent offering the opportunity for local people to benefit from both energy and cooking solutions.

    In Africa, projects such as the 15 tcf development of Greater Tortue Ahmeyim in Senegal and Mauritania, the first phase of which is scheduled to come online in 2023; Equatorial Guinea's 3.7 million tonne per year (mtpa) Punta Europa liquefied natural gas (LNG) terminal, which aims to enhance intra-African gas trade; and the 171mfd Sankofa Gas Project in Ghana is set to bring new supplies online.

    Meanwhile, in southern Africa specifically, more than 100 tcf of reserves in Mozambique; 11 tcf in Angola; and possibly 20 tcf in Zimbabwe are set to transform the market, with the regional LPG sector set to witness a boom of its own.

    Meanwhile, new gas infrastructure developments aim to significantly improve intra-African gas trade, allowing domestic markets across the continent to benefit from improved natural gas supply.

    Taking advantage of the African Continental Free Trade Agreement, several projects have been launched, including pipelines and trade infrastructure.

    “By 2022, more than 900 million people will lack access to clean cooking solutions.

    This is a crisis, which directly affects the African population and will continue to cause health and socio-economic problems unless new fuel solutions are introduced to the African market.

    Gas is the solution to this crisis.

    Abundant supplies from the continent and accelerating project development promise a new era of distribution and utilization, and with companies like Avedia Gas, who are committed to improving the supply and distribution of gas-related products like LPG, the future of continent is brilliant”, says NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC), adding that, “During AEW 2022, discussions on the role of gas and LPG in Africa’s energy and economic future will be furthered.” .

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