Nigerian Independent Petroleum Company (NIPCO) is increasing its investment in gas infrastructure to support the Federal Government’s decade of gas agenda. NIPCO has already set up Compressed Natural Gas (CNG) facilities across Nigeria to enable cars to run on gas. Additionally, the company is expanding its supply of Liquefied Natural Gas (LNG) and constructing new pipeline infrastructure in strategic locations throughout the country.
During a terminal facility tour in Lagos, Suresh Kumar, the Managing Director of NIPCO, along with Nagendra Verma, the Managing Director of NIPCO Gas Ltd., stated that the company has invested millions of dollars in local and foreign currencies over the years in developing Nigeria’s natural gas, with more projects in the works. Kumar indicated that NIPCO has spent more than $50 million on natural gas infrastructure over the years.
Kumar stated that there is a great deal of potential in Nigeria that can be explored for gas utilization, which will boost the economy. By utilizing indigenous gas, Nigeria can reduce the subsidy burden on the Federal Government, decrease importation, save capital flight, and generate more employment opportunities for Nigerians.
NIPCO is an integrated company that supplies the Nigerian market with petrol, diesel, and gas. The company currently has 19,500mt of combined storage capacity for LPG, with ten loading bays that can truck-out over 4,000 tons per day. Verma said that NIPCO currently has 14 CNG filling stations in various states across Nigeria, with six more stations currently under construction. Over 7,000 vehicles presently run on CNG, and more vehicles could be converted to run on gas.