New 500 CNG Stations Will Eliminate Queues- FG

The Federal Government is set to establish 500 Compressed Natural Gas refueling 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.

The Midstream and Downstream Gas Infrastructure Fund and Chinese equipment manufacturer, Endurance Group, have agreed to set up 500 Compressed Natural Gas refueling stations across the country.

The investment, the Executive Director of the MDGIF, Oluwole Adama, said in a statement on Sunday is a testimony to the federal government’s plan to accelerate Nigeria’s transition to cleaner fuels saying this eliminate the long queues currently witnessed at existing CNG stations by expanding access to refueling points and improving logistics to ensure uninterrupted supply

The statement read, “The Midstream and Downstream Gas Infrastructure Fund concludes discussion with leading Chinese Manufacturer Endurance Group to make available 500 CNG refueling 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 refueling 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.”

“The collaboration underscores the parties’ commitment to accelerating Nigeria’s transition to cleaner fuels by addressing infrastructure gaps across the country’s CNG value chain. Under this agreement, we will set up the Compressed Natural Gas Auto Mobility Infrastructure Company, which will be used to deploy 500 integrated CNG refueling 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.”

Punch