The Federal Government is set to establish 500 Compressed Natural Gas refuelling stations across the country within three years, as part of efforts to accelerate Nigeria’s transition to cleaner, cheaper fuels and ease pressure on petrol consumption.
This follows the conclusion of discussions between the Midstream and Downstream Gas Infrastructure Fund and Chinese equipment manufacturer, Endurance Group, on the rollout of large-scale CNG infrastructure, the Executive Director of the MDGIF, Oluwole Adama, disclosed in a statement on Sunday.
The statement read, “The Midstream and Downstream Gas Infrastructure Fund concludes discussion with leading Chinese Manufacturer Endurance Group to make available 500 CNG refuelling stations across Nigeria for the next three years.”
Adama said the talks resulted in an agreement to create a government-backed Special Purpose Vehicle, promoted by the MDGIF, Bank of Industry, Endurance Group, and Séquor Investment Partners, to drive the project.
According to him, the SPV, to be known as Compressed Natural Gas Auto Mobility Infrastructure Company, will “deploy 500 integrated CNG refuelling stations; develop LCNG gas supply infrastructure; and provide CNG and LNG transportation trucks with truck-mounted cascades, forming a virtual pipeline across all states nationwide.”
