The Federal Government of Nigeria plans to establish 500 Compressed Natural Gas (CNG) refueling stations over three years to transition to cleaner fuels and reduce petrol consumption. This initiative stems from an agreement between the Midstream and Downstream Gas Infrastructure Fund and Chinese manufacturer Endurance Group, creating a special purpose vehicle called Compressed Natural Gas Auto Mobility Infrastructure Company. This company will manage the deployment of refueling stations, develop gas supply infrastructure, and enhance logistics, aiming to minimize long queues at existing CNG stations. The move aligns with the government's goal to stabilize transportation costs and reduce foreign fuel dependence, part of the broader Presidential Compressed Natural Gas Initiative launched in 2023, which aims to enhance energy security and create jobs in the gas sector. The infrastructure will utilize a virtual pipeline network for consistent gas delivery and support the nationwide use of auto-CNG.
Index to Nigerian Newspapers
