FG lauds Tetracore Energy ‘s 5.3MMscf/d LNG facility investment in Ogun State.
By Yunus Yusuf
Mr Ekperikpe Ekpo, the Minister of State for Petroleum Resources (Gas), has commended Tetracore Energy’s 5.3 million standard cubic feet per day LNG facility investment, aimed toward promoting energy security in Nigeria.
Ekpo made the commendation at the commissioning of Tetracore Energy Group 3.1 MMscfd Compressed Natural Gas facility and ggroundbreaking 5.3MMscfd
LNG plant at Atakobo, Benin-Sagamu Expressway , Ogun State.
The minister said that both the CNG and the Liquefied Natural Gas (LNG) would promote cleaner wealth and also ensure energy security for Nigeria.
He commended Tetracore Energy Group for its vision and commitment to advancing Nigeria’s gas infrastructure.
“The commissioning of your 3.1 MMscfd CNG facility and the groundbreaking ceremony of your 5.3 MMscfd LNG facility are very important steps in enhancing our nations energy security.
“The development of these facilities constitute critical components of our natural strategy to diversify energy sources, promote cleaner wealth and ensure energy security for our people.
“Natural gas is a pivotal element in global energy transition towards more sustainable energy system,” he said.
Ekpo said that natural gas provided a cleaner alternative to traditional fossil fuels while assuring and supporting the integration of renewable energy sources.
“So, the product we are celebrating today will not only enhance our domestic energy capacity but also contribute significantly to reducing carbon emissions and promoting environmental sustainability.
“This project will drive economic growth, create jobs and improve the quality of life for our citizens.
“Additionally, the use of CNG in transportation will reduce reliance on imported fuels and lower greenhouse gas emissions aligning with our commitment to the Paris Agreement and our national climate goals,” he added.
The minister said LNG offered versatile and efficient means of transporting natural gas over long distances making it accessible to regions that were not yet connected to gas pipelines.
“The LNG facility will play a crucial role in expanding our in-country processing capabilities as well as delivering feedstock to gas based industries around the country,” he said.
Ekpo said that the government was committed to creating an enabling environment that would encourage investment in the gas sector.
“This includes implementing favourable policies, providing incentive for infrastructure development and ensuring regulatory frameworks that promote efficiency and sustainability.
“I am confident that this project will serve as a catalyst for further investment in the gas industry, fostering innovation and enhancing energy infrastructure.
“It is through such initiative that we can achieve our shared vision for a prosperous energy future for Nigeria,” the minister said.
He said that the success of the project would not only be measured by the energy they produce but also by the positive impact they had on the economy, community and the environment.
“As we move forward, let us remain steadfast in our commitment to sustainable development and environmental stewardship,” Ekpo said.
Representing Ogun State Government, Dr Ola Aikulola, the Permanent Secretary, Ministry of Industry, Trade and Investment, expressed his gratitude to Tetracore Energy Group for their milestone achievement.
Aikulola said that Tetracore’s effort in gas penetration and utilisation of natural gas aligned perfectly with Gov. Dapo Abiodun’s collective goals of achievements sustainable energy solutions in Ogun State and the country.
“By using our abundant natural resources and expanding the availability of natural gas, we have taken imperative steps towards enhancing energy reliability, acceptability and sustainability.
“This initiative is a testament to the visionary leadership of President Bola Tinubu to deepen the penetration of natural gas for our utilisation.
“This project will definitely create more jobs for the people of Ogun State, stimulate economic growth and contribute significantly to the development of our industrial base,” he said.
The permanent secretary said that the government of Ogun State was committed to creating a conducive environment for businesses to thrive and for innovative solutions to flourish.
“The state government will continue to work closely with Tetracore Energy Group and other stakeholder to achieve our shared vision for sustainable energy development,” Aikulola said.
Also, Mr Sesan Odukoya, the Head, Oil and Gas Department, Lagos State Ministry of Energy and Mineral Resources, congratulated Tetracore Energy Group for their laudable achievement.
Odukoya, who represented the Governor of Lagos State, Mr Babajide Sanwo-Olu, said that the collaboration between Lagos State and Ogun State in the development CNG and LNG was a strategic partnership aimed at enhancing energy security.
“This collaboration has realised the immense potential of their combined efforts to driving and adopting clean energy.
“This will reduce the negative impact of fossil fuels on the environment and support industrial infrastructure.
“The Lagos State government is always available to support this venture and enhance the continuous success to reduce energy cost and promote clean energy,” Odukoya said.
In his remarks, Mr Olalekan Williams, the Chief Executive Officer of Tetracore Energy Group, said that the group could deliver up to 70 million standard cubic feet of gas per day to multiple customers.
“We can also support the national grid through the supply of natural gas to Niger Delta Power Holding Company (NDPHC), which accounts for about five per cent of energy generation in Nigeria.
According to Williams, the facility commissioned is a state-of-the-art CNG satellite complex housing a 10 million standard cubic feet per day gas delivery facility capacity.
“6.1 million standard cubic feet per day compressed natural gas delivery, and loading facility as well as an ultra mordern staff accomodation and administravie facility.
“This facility addresses critical challenges in Nigeria’s current energy infrastructure.
“With Nigeria needing approximately $10 billion (about $47 per person in Nigeria) to provide sustainable and accessible energy for its 200 million plus population, we recognised the need to take proactive steps.
“It is also a 2.1-megawatt power generation plant and loading facility. Also 6.1 million standard cubic feet per day compressed natural gas delivery, and loading facility as well as an ultra mordern staff accomodation and administravie facility.
“We are dedicated to ensuring that our operations benefit all stakeholders, from our employees to the communities where we operate, down to the end users,” he said.
Williams thanked the federal government and state government for their support, policies and initiatives which had been instrumental in making the project a reality.
