WATCH THE VIDEO HERE NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC), is set to acquire a 5.2 million standard cubic feet per day Compressed Natural Gas (CNG) compression and refuelling facility from Gas Network Services Limited (GNSL). This development, disclosed in a merger and acquisition notice issued by the Federal Competition and Consumer Protection Commission (FCCPC), marks a significant move towards expanding Nigeria’s CNG infrastructure and improving access to cleaner energy alternatives. GNSL, the current operator of the facility, specializes in providing virtual pipeline solutions by compressing natural gas and delivering it to industrial and commercial customers via mobile tube trailers. The facility also includes dispensing points for refuelling natural gas vehicles (NGVs), catering primarily to clients outside the reach of traditional pipeline networks. By acquiring the facility, NGML aims to bolster its role in the marketing and distribution of natural gas across Nigeria. The FCCPC noted that the transaction could have a significant impact on the competitive dynamics of the CNG market, but ultimately promises to benefit consumers through expanded access to cleaner energy solutions.
NNPC Gas Limited set to acquire 5.2 million standard cubic feet per day CNG facility
