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NNPC, Sahara Group deliver 437,170mt of LPG

MT Africa Gas and MT Sahara Gas has delivered 437,170 metric tons of liquefied petroleum gas (LPG), known as cooking gas to the domestic market thus boosting penetration of the product in the country.

The vessels were unveiled in Ulsan, South Korea, a product of collaboration between the Nigerian National Petroleum Corporation (NNPC) and Sahara Group, a leading international energy and infrastructure conglomerate. The two new LPG vessels, have a combined capacity of 38,000 cubic meters.

The  joint venture operates as the West Africa Gas Limited (WAGL) and is run by two companies, NNPC LNG Ltd, a wholly-owned subsidiary of NNPC and Sahara Energy’s Oil and Gas trading arm, Ocean Bed Trading Ltd (BVI).

The JV is addressing LPG- related transportation bottlenecks, availability and quality concerns, deepening the LPG market in West Africa and other markets and above all, enhancing access to clean and safe energy.

Speaking at the inauguration of the vessels in South Korea, NNPC’s group managing director, Dr. Maikanti Baru, described the acquisition of the vessels as “an outstanding achievement” for Nigeria considering the fact “that the Joint Venture between NNPC and Sahara Group is already recording success stories within a short period having been established in 2013.The continuing success of the operations of these vessels lends credence to these comments.”

During the maiden voyage of MT Sahara Gas to Nigeria, Moroti Adedoyin-Adeyinka, chief executive officer, Asharami Synergy Plc (A Sahara Group Downstream Company) said, “What we see here today speaks to the power of collaboration and the great things that can be achieved when the private and public sector work together with the right strategy, expertise and capacity. At Sahara, this is the kind of collaboration that we push for; one that makes our economy better and saves our planet.”

SOURCE: leadership