Board, Greenville LNG to partner on alternative power supply

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Board, Greenville LNG to partner on alternative power supply
Board, Greenville LNG to partner on alternative power supply

The Nigerian Content Development and Monitoring Board (NCDMB) will collaborate with Greenville Oil and Gas Company Limited on the possibility of using Liquefied Natural Gas (LNG) to provide an alternative source of electricity for the Board’s new 17 storey headquarters building in Yenagoa, Bayelsa State.

This discussion was initiated recently when the Executive Secretary of NCDMB, Engr. Simbi Wabote visited Greenville Oil and Gas at Rumuji, Rivers State with management of the Board and representatives of operating companies.

The Vice President, Greenville Oil and Gas, Mr. Steffano Piotti spoke at the event and promised that the company would submit a proposal to NCDMB on the planned utilisation of LNG for power, noting that the firm had capacity to supply LNG to all locations in Nigeria using a fleet of three hundred LNG fuelled trucks that have twenty-five-tons capacity each.

He disclosed plans to operate LNG refuelling stations across Nigeria in two phases which are Rumuji, Koton Karfe, Gwagwalada, Sagamu, Benin, Kaduna for phase one and Lagos, Abuja, Kano, Yola, Jos, Bauchi, Maiduguri, Sokoto for the second phase.

He stated that the LNG project would create over two thousand direct jobs and five thousand indirect jobs across Nigeria.

He added that the project also helps to reduce Greenhouse emission from gas flaring, deepen utilization of gas for power generation, revive moribund industries, provide power for stranded industrial ventures and support businesses in remote parts of the country.

 

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Earlier in his welcome remarks, the Director, Administration and Finance, Mr. Joseph Oyadoyi indicated that the company is the pioneer producer of LNG for domestic consumption and is determined to domesticate local utilization of LNG for power generation.

He said the company had capacity to produce three LNG trains fed with forty million standard cubic feet of gas per day and its mission is to expand the natural gas utilisation in Nigeria using LNG Trucks which are environmentally friendly. “The goal is to reach locations that are not served or underserved by existing gas pipelines.”

In his comments, the Executive Secretary NCDMB commended the company’s bold investment which is helping to harness gas resources for domestic use as against allowing it to be flared or processed for export.

Dwelling on the company’s Corporate Social Responsibility (CSR) Policies, the Nigerian Content Chieftain advised it to establish a Trust Fund that will benefit the community as a strategy of guarantying peace and sustainability of investment.

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