The Federal Government has commended Savannah Energy, a British independent energy company focused on delivering “significant projects”, for the significant investments it has made in Nigeria’s energy sector to date. He highly praised the initiative and encouraged the sustainable development of the savannah. that.
LR: Mr. Pade Durotoy, Managing Director, Savannah, Nigeria. Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo; Nkoyo Etuk, Head of Stakeholder Relations and Regional Manager, Nigeria, Savannah, South East; Chukwudoziem Umunna, Nigeria Savannah Operations Supervisor, during the visit of the Minister of State for Petroleum Resources (Gas) to the Savannah gas processing facility in Uko, Akwa Ibom State.
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, made this commendation during a recent visit to the Ukuo Gas Central Processing Facility in Akwa Ibom State, owned by Savannah’s subsidiary, Accugas Limited.
He said Savannah’s previous significant investments have contributed to increasing gas supply within Nigeria, with Savannah currently supplying gas that enables about 20% of Nigeria’s thermal power generation capacity. .
Commenting on the importance of gas to Nigeria’s economy, the Minister said President Bola Tinubu is keen to develop the gas sector to drive Nigeria’s economy.
He said: “The President is very intentional and strategic in developing the gas sector to drive the economy of this country. We know that things will be easier if Nigeria’s economy is powered by gas. This is the goal of the Decade of Gas initiative. Our goal is to have the Nigerian economy powered by gas by 2030. ”
Pade Durotoy, Managing Director of Nigeria’s Savannah Energy Company, who accompanied Minister Uquo on his visit, said the company has invested US$1.6 billion in gas processing and transportation infrastructure through Accugas Limited since 2014 to support the domestic market. He explained that he was investing more than that.
Durotoye says: “Accugas is investing an additional USD 45 million in a new compression system at the Uquo facility, which will enable the company to continue to provide reliable gas supplies to its customers for many years to come. The system consists of two parallel trains with a capacity of 160 MMscfpd each and is designed to increase gas discharge pressure. The project is expected to be completed and operational later this year.”
Durotoye added that Savannah is a strong supporter of Nigeria’s net-zero pathway, particularly the introduction of natural gas by the Federal Government as a transitional fuel in power generation, which led to Accugas investing in the construction of a gas processing facility with a nameplate of 200MMscfpd. , adding that this is why they are receiving government support. Gas pipeline network of up to 260 km dedicated to the domestic market.
Durotoye said all of the company’s gas is consumed domestically, with 80% sold to thermal power companies and the rest to a series of large industrial customers such as cement producers, with Accugas, for example, accounting for about 10% of its gas. I said it’s available. Cement production in the country.
