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Liquefied Petroleum Gas Vessel to serve energy needs of consumers

WAGLManaging Director of the West Africa Gas Limited Roland Omoreegbe says the acquisition of the 38, 000 cubic meters Liquefied Petroleum Gas Vessel is in line with his outfit’s quest to serve the energy needs of consumers in the country and beyond.

The Nigerian-owned company currently has a sale agreement with Ghana for the supply of 180, 000 standard cubic feet of gas.

Sharing his thoughts on this new milestone achieved by WAGL, Omoreegbe believes that the acquisition of the vessel will help in actualizing the vision of WAGL to be the foremost gas company on the continent.

He said:“ Our decision to acquire these vessels demonstrates clearly our commitment to serve the energy needs of all classes of consumers in Africa and beyond.”

“This strategic investment,” he added, “is very crucial and underscores our commitment to meeting energy needs across the continent and indeed globally.

”Industry players are optimistic that the arrival of the first ever Liquefied Petroleum Gas Vessel at Tema Port will help boost production as the vessel is one of two ordered by the West Africa Gas Limited to facilitate the production of Gas.

WAGL currently has a Gas Sale Agreement with the Government of Ghana for the supply of 180,000 standard cubic feet of Gas for the thermal plants in the Tema energy enclave.

The WAGL proposition includes the construction of a jetty, dredging of a channel within the ports and extension of the break water as well as other relevant facilities to receive gas from their Floating Storage Regasification Unit (FSRU) MT Golar Tundra which is currently anchored approximately four Nautical Miles offshore Tema.

Source: http://thebftonline.com/commodities/oil-gas/23769/liquefied-petroleum-gas-vessel-to-serve-energy-needs-of-consumers.html

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