The Joint Venture (JV) between the Nigerian National Petroleum Corporation (NNPC) and Sahara Group has delivered 437,170 metric tons of liquefied petroleum gas (LPG) to consumers in two years.
The firms, in 2017, in Ulsan, South Korea, unveiled two new LPG vessels with a combined capacity of 38,000 cubic meters (cbm). The vessels – MT Africa Gas and MT Sahara Gas, have since delivered 437,170 metric tons of LPG, making households, communities and nations cleaner and safer; boosting economic growth and development across markets, Sahel Corporate Communications Manager of Sahara Group Limited, Mr. Bethel Obioma.
Obioma said: “It had to be the product of collaboration – at its finest and most strategic level – a Joint Venture (JV) between the Nigerian National Petroleum Corporation (NNPC) and Sahara Group, a leading international energy and infrastructure conglomerate.
“The Joint Venture operates as the West Africa Gas Limited (WAGL) and is run by two companies, NNPC Liquefied Natural Gas (LNG) Limited, a wholly-owned subsidiary of NNPC and Sahara Energy’s Oil and Gas trading arm, Ocean Bed Trading Limited (BVI). The JV is addressing LPG related transportation bottlenecks, availability and quality concerns, deepening the LPG market in West Africa and other markets and above all, enhancing access to clean and safe energy.
“Sahara Group is delighted to play a pivotal role in the JV as it continues to provide leadership across the entire global energy sector value chain, with a distinction for safety, excellence, good corporate governance and outstanding corporate citizenship.
“The two vessels have performed several transatlantic voyages delivering 437,170MT of butane in mainly West Africa with spot calls in Europe and South America.”
NNPC Group Managing Director, Dr. Maikanti Baru, at the inauguration of the vessels in South Korea, said their acquisition was an achievement for Nigeria considering that the JV was recording successes within a short period having been established in 2013, adding that the continuing success of the operations of these vessels lends credence to the comments.
Also during the maiden voyage of MT Sahara Gas to Nigeria, the Asharami Synergy Plc (A Sahara Group Downstream Company) Chief Executive Officer, Moroti Adedoyin-Adeyinka, said: “What we see here today speaks to the power of collaboration and the great things that can be achieved when the private and public sector work together with the right strategy, expertise and capacity. At Sahara, this is the kind of collaboration that we push for; one that makes our economy better and saves our planet.”
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