In line with the Federal Government’s gas infrastructure development plan, Masters Energy Oil and Gas Limited has carried out a ground-breaking to commence a $500 million gas project in Rivers State.
The project includes the construction of a 20,000 metric tonnes (MT) gas storage in Port Harcourt, over 200 gas refilling outlets, over 2000 retail gas exchange outlets, bulk distribution trucks for LPG transportation and a dedicated vessel for coastal operations.
Read also: Increase in gas price threatening reliable power generation in Nigeria Minister
Speaking during a ground-breaking ceremony in Port Harcourt, Patience Dappa, group managing director, Masters Energy Group, said the company has an abiding faith in Nigeria and was fully dedicated to investing more in the country’s critical infrastructure.
Dappa, said the facility would provide jobs and create enormous ancillary businesses within the oil and gas eco-system for the country’s teeming population and contribute positively to the economic transformation of the host community and Nigeria at large.
According to her, the approval came, “just a few days ago, but as a testament to our readiness and commitment to this project, we are laying the foundation today.”
Dappa explained: “In line with federal government gas infrastructure development plan, we have decided to embark on this audacious project of about $500 million project which includes 20,000MT gas storage here in Energy city, over 200 gas refilling outlets, over 2000 retail gas exchange outlet, bulk distribution trucks for LPG transportation and a dedicated vessel for coastal operations.”
The company said that the project will also include a fully automatic bottle-filling machine (carousel) with a 1,200-bottling capacity per hour.
“At the completion of this project, it will provide jobs and create enormous ancillary businesses within the oil and gas ecosystem for our teeming population and contribute positively to the economic transformation of the host community and Nigeria at large.
“And I must tell you we are excited about the possibilities that the future holds, as we empower communities, improve human capital and deliver a better country that we shall be proud of.
Read also: Nigeria missed gas demand windfall: Implications and remedies
“We have an abiding faith in this country and we at Masters Energy are fully dedicated to investing more in this country’s critical infrastructure.”
