- The gas project will produce over 200 gas refill outlets, 2,000 retail gas exchange outlets, and bulk distribution trucks for transporting LPG.
- The facility would provide jobs and create enormous ancillary businesses within the oil and gas ecosystem.
In a bid to drive Nigeria’s gas development plan, Masters Energy Oil and Gas Limited has commenced a $500 million gas storage project. The project includes the construction of 20,000 metric tonnes of gas storage in Port Harcourt, Rivers State. Consequently, the project will produce over 200 gas refilling outlets, over 2,000 retail gas exchange outlets, bulk distribution trucks for Liquefied Petroleum Gas (LPG) transportation and dedicated vessels for coastal operations.
During the inauguration of the gas infrastructure in Port Harcourt, the Group Managing Director of Masters Energy Group, Patience Dappa, said the company believes strongly in Nigeria and is fully dedicated to investing more in the country’s critical infrastructure. Furthermore, she said the facility would provide jobs and create enormous ancillary businesses within the oil and gas ecosystem for the country’s teeming population. It would also contribute positively to the economic transformation of the host communities and Nigeria at large.
Dappa stated, “The approval came just a few days ago. But as a testament to our readiness and commitment to this project, we are laying the foundation today.” The MD added that Masters Energy Oil and Gas Limited, incorporated in Nigeria in 2005, has expanded and diversified to assume leading sites not only in the oil and gas sector but also in power, EPC, petrochemicals, aviation, dredging and shore, shipping and marine businesses.