Sahara Energy to Invest $1bn in Cooking Gas Production


Sahara Energy to invest $1bn in cooking gas production

In a significant move towards energy diversification, Sahara Group Limited, a global energy conglomerate.

Has announced plans to invest a minimum of $1 billion in the production of Liquefied Petroleum Gas (LPG), commonly known as cooking gas.

This announcement came during an informative session held by the company in Abuja, where it shared its strategic initiatives with energy editors. 

Alongside the investment in LPG, Sahara Group is also venturing into the production of Compressed Natural Gas (CNG).

Ejiro Gray, the Director of Governance and Sustainability at Sahara Group, highlighted the company's efforts to enhance gas supply across Nigeria and Africa. 

Gray emphasized the significance of developing logistics infrastructure to achieve their five-year plan of investing in LPG.

Currently, Sahara Group operates with four LPG vessels, with two more under construction in South Korea. These additions will substantially increase their fleet capacity.

Facilitating enhanced regional gas supply across Nigeria and West Africa. Gray envisions reaching a capacity of 75,000 metric tonnes for LPG in the coming years.

In addition to expanding supply, Sahara Group is actively working on a storage facility in Cote D’Ivoire to bolster internal supply chains and extend support to neighboring landlocked countries. 

Similar efforts are underway in Nigeria to further fortify the supply network. Addressing the potential of Compressed Natural Gas (CNG).

Gray acknowledged its importance but cited infrastructure limitations in Nigeria. She noted that without a comprehensive infrastructure network.

The cost-effectiveness of CNG could be a challenge, especially in comparison to conventional diesel-powered transportation.

Gray expressed Sahara Group's eagerness to venture into CNG production but emphasized the need for collaborative efforts and support in building the necessary infrastructure.

She emphasized that this endeavor requires collective action and cannot be undertaken in isolation. 

This bold commitment by Sahara Group not only signifies a substantial investment in the energy sector.

But also highlights their dedication to advancing sustainable and diversified energy solutions in Nigeria and the broader African region. 

The forthcoming years promise to be pivotal in realizing these transformative goals.

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