TheCable

MOB Integrated Services Limited, an indigenous company, is now the largest supplier of Liquefied Petroleum Gas (LPG) in West Africa.

It delivers over 25,000 metric tonnes (MT) monthly across the sub-Sahara Africa, including Nigeria, Republic of Benin and Ghana.

Gbolahan Obanikoro, chief executive officer of the company, expressed optimism about the adoption of LPG in the country.

“Nigeria is a sleeping giant with an annual consumption capacity of five million metric tonnes per annum,” he said.

“We are currently consuming about 600,000 metric tonnes just a little above 10 per cent of our actual capacity.

“Our goal is to continue to push for the adoption and penetration of LPG across the country, ensuring that the product is available to consumers and of course position ourselves to harness the benefits of when the market takes a corner and the country is poised to achieving its consumption potential.

“In furtherance of the Presidential LPG Expansion Initiative aimed at deepening the usage and fully integrate the product into Nigeria’s energy mix, MT Sahara Gas, the newly built vessel acquired by the West Africa Gas Limited (WAGL), has delivered an unprecedented 11,000 metric tonnes of LPG to Nigeria in order to boost availability and safe access to the commodity.”

WAGL, is a joint venture of Nigerian National Petroleum Corporation (NNPC) and Sahara Group. The JV is run by two companies, NNPC LNG Limited, a wholly-owned subsidiary of NNPC and Sahara Energy’s oil and gas trading arm, Ocean Bed Trading Limited (BVI).

WAGL, in January 2017, acquired two new vessels, MT Africa Gas and MT Sahara Gas, in its bid to reduce transportation bottlenecks; add value to the Nigeria economy through exporting the commodity; deepen the LPG market in West Africa as well as enhance access to clean and safe energy.