Minister of State, Petroleum Resources (Gas), Ekperikpe Ekpo, has said the Brass Methanol Project’s Gas Sales Purchase Agreement will inject $3 billion into Nigeria’s gas sector.
He also assured that the Federal Government’s efforts in ensuring the prompt circulation of compressed natural gas (CNG) is a well intended initiative for a more affordable fuel option.
CNG Stations have been deployed across the country through the Nigerian National Petroleum Company Limited (NNPCL) for a transition to cleaner energy.
Ekpo made this known while delivering a Ministerial address at the 2024 NAEC Annual Strategic International Conference, organised by the Association of Energy Correspondents of Nigeria (NAEC) at Eko hotel, Victoria Island, Lagos.
The minister, who was represented by his Senior Technical Adviser (STA), Abel Nsa, said: “we have launched the Ride Share CNG Conversion Incentive Programme, alongside the My CNG App, which offers a 50 per cent discount for rideshare drivers. This initiative promotes compressed natural gas (CNG) as a cleaner, more affordable fuel option for transportation while reducing the financial burden on drivers and promoting a shift to cleaner fuels.”
