Oando Gas and Power (OGP) is set to take the final investment decision (FID) on its planned multi-million $20 million standard cubic feet per day (mmscf/d) mini-liquefied natural gas (LNG) Plant to be located in Ajaokuta, Kogi State, before end of June, The Nation reports.
Its Managing Director, Mr. Bolaji Osunsanya, said after taking the FID, construction of the facility would begin in the third quarter of the year. He said that the essence of building virtual in the Ajaokuta mini-LNG is to create other ways of bring natural gas to industrial and commercial concerns because pipeline vandalism is taking a toll on their operations.
OGP is developing the LNG facility via its newly-created Transit Gas Nigeria Limited (TGNL) subsidiary in partnership with Nigerian Gas Company (NGC). The facility aims at meeting the gas supply requirements for captive power plants, embedded generation, and industrial clusters in the Northern region, as well as stranded customers in the South.
According to him, OGP targets to increase gas sales levels from an average volume of 47mmscfd in 2016 to about 70mmscfd in the year. It also expects to complete and commission projects such as Greater Lagos 4 (GL4), and Central Horizon Gas Company (CHGC) expansion as well as aggressive regional expansion opportunities into Benin, Togo, Ghana, and Senegal.
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