In another step towards actualising the Gas Infrastructure Development and Distribution Project of 2022, a team from Shell Nigeria Gas Limited led by executive director, Ed Ubong, presented the finished Oyo State Gas Distribution Infrastructure Masterplan at a recent international business summit held in Ibadan
With industries in Ibadan as the point of start, clean and reliable gas to the capacity of 50 mn standard cu/ft will be made available every day.
Giving an update on social media, Governor Seyi Makinde also posted, "Also at this meeting was Mr D. Subashkumar, a representative of one of the companies which attended the Oyo State International Business Summit, Karma Agric Feeds and Foods Ltd. I met with their Chairman in London on the sidelines of the summit, and they agreed to expand their operations in Oyo State by investing an additional $30 million. The only support they requested from our administration was a guarantee that they would get gas supply by Q2 2024 which we committed to do."
Shell Nigeria Gas Ltd is constructing a pressure reduction and metering station (PRMS) on a build-own-operate-transfer (BOOT) basis. The project will deliver gas to industrial, manufacturing and commercial entities in Oyo State.
The Governor has assured that the project will benefit industrial corridors and independent power projects as well. It will accelerate domestic gas consumption and power generation too.
"Industries in the state would be the major beneficiaries of the gas infrastructure masterplan and this would no doubt improve the operating business environment and reduce the cost of production as it provides a cheaper alternative source of energy which is a major cost line," Lanre Popoola, Manufacturers Association of Nigeria branch chairman, who was also attending the presentation, said to media.
“The partnership is an opportunity to further improve domestic gas utilisation in Nigeria, enabling local industries to thrive and create employment opportunities for Nigerians,” said Ubong.