NNPC-Sahara Joint Venture Expands LPG Fleet Capacity
WAGL Energy Limited, a joint venture between the Nigerian National Petroleum Company Limited and Sahara Group, has announced a significant expansion of its fleet capacity, now surpassing 160,000 cubic meters. The expansion strengthens WAGL Energy’s position as one of the leading suppliers of Liquefied Petroleum Gas on the continent.
The development aligns with the company’s vision of ensuring sustainable and affordable energy solutions for homes, businesses, and industries across Africa. WAGL Energy is driving the continent’s access to reliable and clean energy through sustainable LPG supply, extending its impact across the region and beyond.
In July 2024, NNPCL secured a maintenance agreement with WAGL Energy for a major Nigerian crude oil terminal in Delta State. The Nigerian Pipelines and Storage Company Limited signed an agreement with WAGL for Operation and Maintenance Services to the Escravos Crude Oil Terminal Facility.
The joint venture has made substantial investments in infrastructure, including the delivery of two 23,000 cubic meters LPG vessels, MT BARUMK and MT SAPET, increasing their total investment to over $300 million as part of their $1 billion gas infrastructure commitment by 2026.
West African Gas was incorporated in March 2013 as a joint venture between Nigerian National Petroleum Corporation LNG Ltd and Ocean Bed Trading Ltd, primarily serving as a vehicle for the offtake, marketing, and trading of NLNG natural gas liquids under the equity lifting scheme.
Source: nairamatrics.com
