Ghana’s Regulator To Partner Nigeria’s Techno Oil On LNG

Ghana’s Regulator To Partner Nigeria’s Techno Oil On LNG

A delegation from Ghana’s National Petroleum Authority visited the management of Techno Oil Ltd. in Lagos last week to seek collaboration on Liquefied Natural Gas and cylinder marketing in Ghana.

The leader of the delegation, Mrs Sheila Abiemo, told reporters that the Ghanaian government was sourcing ideas from some countries, including Nigeria, to help Ghana to formulate policies on LPG gas and cylinder distributions to end users.

She said she was impressed with the pioneering role of Techno Oil and other private sector companies in popularising LPG consumption in Nigeria.

Abiemo is the Head of Research and Technical Affairs in the NPA, the regulatory body in Ghana’s emerging downstream sector.

“We are developing a national policy on LPG in Ghana and we’re seeking a Nigerian perspective because we’re impressed with the strides made by some Nigerian companies in the LPG market.

“Our desire is to raise the volume of LPG consumption by up to 50 per cent in Ghana by 2030 because LPG is the way to go in domestic energy needs.’’

She lauded Techno Oil for its initiative in building a multi-million naira LPG cylinder manufacturing plant, to boost LPG consumption in Nigeria and other West Africa countries, describing the endeavour as great for the sub-region.

Abiemo said that companies in Ghana would be delighted to source LPG cylinders from Techno Oil to supplement increasing demands of the facility in Ghana.

The Managing Director of Techno Oil, Mr Tony Onyeama, told the delegation that Techno Oil was currently building a 12,000 metric-ton LPG storage facility in Lagos, in its determination to popularise LPG consumption in Nigeria.

He said that his company was also building an LPG cylinder manufacturing plant, expected to roll out no fewer than five million LPG cylinders every year.

Onyeama said that Techno Oil was willing to partner companies and governments in West Africa, to achieve common goals in LPG consumption in the sub-region.

He said that despite the abundance of natural gas in Nigeria, the consumption of the commodity was still low, noting, however, that the situation would change in the near future, due to the efforts of key stakeholders to engender paradigm shift.

Techno Oil has been at the fore-front of popularising LPG consumption in Nigeria, an initiative that has attracted commendations from the Federal Government.


Copyright MMS Plus.                
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from KINGS COMMUNICATIONS LIMITED.

Check Also

Nigeria, Germany Sign $500m Renewable Energy, Gas Deals

In a significant move to strengthen economic ties, Nigerian and German companies sealed two pivotal …

Leave a Reply

Your email address will not be published. Required fields are marked *

× Get News Alert