Page 6 - AfrOil Week 21 2022

AfrOil PIPELINES & TRANSPORT AfrOil

NNPC-Sahara JV takes

delivery of two LPG tankers

NIGERIA SAHARA Group, a privately owned Nigerian contract for three more vessels, he explained.
company, said on May 23 that WAGL Energy “We have a target of delivering 10 vessels
Ltd, its subsidiary Oceanbed’s joint venture with over the next 10 years,” he commented. “The
state-owned Nigerian National Petroleum Co. NNPC and our partners stand out with integ-
Ltd (NNPC Ltd), had taken delivery of two LPG rity in our energy transition quest and our com-
tankers in South Korea. mitment [to] environmental sustainability is
WAGL Energy Ltd received the ships at unwavering.”
the Hyundai MIPO shipyard in Ulsan, Sahara Kyari went on to say that he expected the
Group noted in a blog post on its website. It new ships to support the Nigerian government’s
noted that the tankers, which will be known as domestic gasification campaign by support-
MT Barumk and MT Sapet, have a capacity of ing efforts to make LPG more widely available
23,000 cubic metres each. They will bring the throughout the country for household use,
number of tankers in the joint venture’s fleet up power generation, automobile fuel and indus-
to four. trial applications. Abuja hopes to see LPG con-
Temitope Shonubi, Sahara Group’s executive sumption rise to 5mn tonnes per year (tpy) by
director, expressed satisfaction with this expan- 2025, he added.
sion. “WAGL has successfully operated two “This is another epoch-making achievement
mid-sized LPG carriers, MT Africa Gas and MT for the NNPC and Sahara Group, and we remain
Sahara Gas, in the region in keeping with global firmly committed to delivering more formida-
standards, delivering over 6mn cubic metres of ble gas projects for the benefit of Nigeria and the
LPG across West Africa. With the new vessels, entire sub-region,” he remarked. ™
we are set to promote and lead Africa’s march
towards energy transition,” he said at a cere-
mony marking the delivery of the tankers.
The company also reported that the LPG
tanker order had brought the total amount
invested by WAGL Energy Ltd up to more
than $300mn. WAGL Energy Ltd has pledged
to spend $1bn on gas infrastructure (includ-
ing tankers, storage depots and terminals) by
2026 over the 2021-2026 period in support of
the Nigerian government’s Decade of Gas and
Energy programme, it said.
Mele Kyari, the group managing director of
NNPC Ltd, said during the ceremony that the
joint venture intended to order additional ships
from Hyundai, in line with plans to expand
its fleet. The parties are working to finalise a The tankers have a capacity of 23,000 cubic metres each (Photo: Sahara Group)

INVESTMENT
Sierra Leone launches new bidding round

SIERRA LEONE THE Petroleum Directorate of Sierra Leone area has been divided into 56 graticular blocks,
(PDSL) launched the country’s fifth Petroleum each of which covers 1,360 square km, PDSL
Licensing Round last week, announcing in noted.
London that it was offering 56 offshore blocks Contract areas must consist of at least three
to investors. blocks, it added.
In its announcement, the directorate said The directorate will be accepting bids from
the total acreage being offered in the licensing pre-qualified firms until September 30. It has
round covered 63,643 square km. This offshore set up two data rooms in Freetown and London.

P6 www. NEWSBASE .com Week 21 25•May•2022