Shell Nigeria Gas hassigned an agreement worth over $100 million with the Oyo State Government to construct gas pipelines in the state that will help in the supply and distribution of gas to industrial and commercial users in the state for 20 years.
On Friday, May 3, 2024, a press release from Abimbola Essien-Nelso, Shell Nigeria’s Media Relations Manager, revealed that SNG intends to construct and manage a gas distribution network which will serve customers across Oyo State.
According to the statement, the project will start with the construction of gas distribution infrastructure along a 15km pipeline route, adding that it will grow to deliver up to 60 million standard cubic feet of gas per day across the state.
Speaking at the signing ceremony, the Oyo State Governor Seyi Makinde, described the project as a catalyst for development in the state, Punch reports.
Makinde said:
Also, the Managing Director of SNG, Ralph Gbobo, noted tha gas distribution project will be a game-changer in the industrialisation drive of the Oyo State Government and help boost internally generated revenue and result in more job opportunities.
His words:
TimesNow.com.ng earlier reported that Shell reiterated its committed to investing $5 billion in offshore oil investment opportunities in Nigeria.
In addition, the global group of energy and petrochemical companies pledged to spend a further $1 billion in five to 10 years to boost natural gas output for domestic supplies and exports.
According to a Reuters report, a presidential spokesperson, Ajuri Ngelale, made the announcement.
Source: TimesNow.com.ng
