Axxela Decides on 50 MMSCF/D Gas Processing Plant
Axxela Ltd., says it has taken a Final Investment Decision (FID) for the development of a gas processing plant, situated in OML 56, Delta State, South-South Nigeria.
Mr Franklin Umole, the Director of Business Development of Axxela, said this in a statement on Tuesday in Lagos.
Umole said that the strategic investment marked another significant stride toward delivering on Axxela’s commitment to deepen domestic gas utilisation in Nigeria.
He said that the gas processing plant with a total capacity of 50 MMSCF/D would be delivered in phases.
According to him, the first phase will comprise a 12 MMSCF/D modular plant, with an interconnection pipeline network of about 4km alongside other ancillary infrastructure.
“The facility is expected to commence operations by the end of 2024.
Speaking on the development, Umole said, “As the federal government continues to pursue its decade of gas and energy transition agenda.
“We remain a reputable private sector partner with the capacity to develop gas processing plants aimed at tackling the longstanding challenge of gas flaring and commercialisation in Nigeria.
“We are positioning to develop requisite infrastructure for natural gas processing and last mile distribution that creates market access for at least 20 per cent of Nigeria’s gas demand.
“Over the past two decades, we have been at the forefront of natural gas advocacy.
“And this project is a further reaffirmation of our dedication to gas infrastructure development and our vision to deliver innovative energy solutions across Nigeria and Africa,’’ he said. United Capital Shareholders Approve N10.8bn Dividend
