Nige­rian firm, WAPCO to sup­ply gas to Togo

The Punch - - BUSINESS - ’Femi Asu

Axxela Lim­ited, a Nige­rian gas and power port­fo­lio com­pany, has signed a Gas Trans­porta­tion Agree­ment with the West African Gas Pipe­line Com­pany Lim­ited to trans­port over 15 mil­lion stan­dard cu­bic feet per day of nat­u­ral gas via the West African Gas Pipe­line to Lome, Togo.

The Chief Ex­ec­u­tive Of­fi­cer, Axxela, Bo­laji Osun­sanya, was quoted as say­ing at the sign­ing cer­e­mony in Ac­cra, Ghana, “The part­ner­ship be­tween Axxela, WAPCO, and the West African Gas Pipe­line Au­thor­ity, por­tends ma­jor ben­e­fits for the West African gas mar­kets.”

He said, ac­cord­ing to a state­ment, that the flow of new mol­e­cules be­yond the ex­ist­ing foun­da­tion con­tracts would di­ver­sify gas sup­ply sources into the WAGP.

Osun­sanya, who af­firmed Axxela’s mid-term growth plan, said, “Pro­pelled by our pro­fes­sion­al­ism, strate­gic part­ner­ships, and ex­cel­lence across our busi­ness en­ter­prise, we re­main firmly com­mit­ted to the po­si­tion­ing of gas as a cat­a­lyst for so­cio-eco­nomic em­pow­er­ment across the re­gion’s key mar­kets.”

The Manag­ing Di­rec­tor, WAPCO, Wal­ter Perez, said, “With pub­lic and pri­vate play­ers in­creas­ingly work­ing to­gether to pro­pel the gas ad­van­tage, our part­ner­ship with Axxela speaks to our over­ar­ch­ing strat­egy for in­creased re­gional sup­ply and par­tic­i­pa­tion.

“WAPCO is con­tin­u­ously driven to spur re­gional gas in­te­gra­tion, and we are highly de­lighted to wel­come Axxela on board the WAGP, and look for­ward to a fruit­ful and in­dus­try-defin­ing col­lab­o­ra­tion.”

Ac­cord­ing to the state­ment, Axxela is also de­vel­op­ing a float­ing stor­age and re­gasi­fi­ca­tion unit in La­gos, with the ca­pac­ity to serve Nige­ria and the re­gion.

It said the con­cept would see the in­jec­tion of gas via a re­gasi­fi­ca­tion ter­mi­nal at a strate­gic lo­ca­tion along the city’s coast­line, with gas sup­plied via Liq­ue­fied Nat­u­ral Gas shut­tle ves­sels.

“The vir­tual pipe­line so­lu­tion will also en­able un­in­ter­rupted gas sup­plies and en­hance gas util­i­sa­tion across key in­dus­trial clus­ters,” the Axxela added.

The WAGP is a 678km re­gional pipe­line link­ing the Escravos-la­gos Pipe­line Sys­tem in Nige­ria to Tako­radi in Ghana, with gas de­liv­ery lat­er­als from the main line ex­tend­ing to Cotonou, Benin; Lome, Togo; and Tema, Ghana.

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