Managing Director of the Nigeria Gas
Company, NGC, Engineer Seidu Mohammed, has invited investors to exploit the
potentials offered by the Compressed Natural Gas, CNG, scheme, aimed at
converting vehicles to dual powering system, using petrol and natural gas.
Company, NGC, Engineer Seidu Mohammed, has invited investors to exploit the
potentials offered by the Compressed Natural Gas, CNG, scheme, aimed at
converting vehicles to dual powering system, using petrol and natural gas.
Mohammed made the call at the inauguration of Nigeria’s first CNG
conversion centre belonging to Dangote Group subsidiary in Lagos.
He stressed that there was high
business prospect for potential investors in the CNG business, saying
opportunity existed in the setting up of cylinder manufacturing plants and the
manufacturing of conversion kits for the compressed gas.
business prospect for potential investors in the CNG business, saying
opportunity existed in the setting up of cylinder manufacturing plants and the
manufacturing of conversion kits for the compressed gas.
According to him, these would in the
long run enable more people to have access to compressed natural gas in the
country.
long run enable more people to have access to compressed natural gas in the
country.
He said the development would not only create income earning
avenue for investors but would spur more investment in the nation’s oil and gas
sector.
avenue for investors but would spur more investment in the nation’s oil and gas
sector.
Mohammed stated that there is no reason why more cars and trucks
should not run on compressed natural gas in Nigeria because the country has
more than enough gas to go round for domestic and commercial uses.
should not run on compressed natural gas in Nigeria because the country has
more than enough gas to go round for domestic and commercial uses.
The NGC managing director maintained that with more investment and
patronage for compressed natural gas, liquid fuel import for automotive use
will diminish.
patronage for compressed natural gas, liquid fuel import for automotive use
will diminish.
Nigeria, he said, will also be opportune to export liquid fuel for
more revenue. The NGC boss also said compressed natural gas will crash the cost
of goods due to diversion from the costly liquid fuel.
more revenue. The NGC boss also said compressed natural gas will crash the cost
of goods due to diversion from the costly liquid fuel.
