NNPCL To Set Up 100 CNG Stations Nationwide

The Nigeria National Petroleum Company (NNPC) Limited says it will set up 100 compressed natural gas (CNG) stations across the country. 

The Managing Director of NNPC Retail Limited, Huub Stokman said this on Thursday during the simultaneous commissioning of 12 CNG stations in Abuja and Lagos.

He said in the next year, NNPC Retail would have launched over 100 CNG sites, including 16 NNPC Gas Marketing and NIPCO Gas JV sites.

According to him, the product is 40% cheaper than petroleum.

“CNG provides Nigeria with affordable alternatives to existing available fuel products. It will be about 40% cheaper than petrol in Nigeria and with continued investments, it will become a significant part of our energy mix,” Stokman was quoted as saying in a statement by the NNPCL’s Chief Corporate Communications Officer Olufemi Soneye.

READ ALSO: NNPCL Says CNG 40% Cheaper Than Petrol, Launches Stations In Abuja, Lagos

At the event, the NNPCL Group Chief Executive Officer Mele Kyari said it will also build three Liquefied Natural Gas (LNG) stations in Ajaokuta, Kogi State.

“There is simply no way to turn back on delivering CNG for all Nigerians. It is the right thing to do. Is it late? Yes, but we will make progress, we will cover the gap in order to ensure that the volatility we see with Premium Motor Spirit (petrol) does not apply to gas,” Kyari said.

On his part, the Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo said the commissioning will bring economic progress to the nation in terms of job creation among others.

The event is coming after over one year since the declaration of an end to the fuel subsidy regime by President Bola Tinubu’s government.

While that move tripled the cost of petrol, the government has since then taken steps to provide alternative sources of energy for the masses.