Dangote Plans To Invest $3bn On 540km Gas Pipeline

Dangote Plans To Invest $3bn On 540km Gas Pipeline

Chief Strategy Officer, Dangote Group, Dr. Abdul Muktar has disclosed the group’s intention to embark on a $3 billion project for a 540-kilometre pipeline from Niger Delta to the Lekki free trade zone in Lagos, The Guardian reports.

Muktar, who disclosed this at the annual roundtable session of the Lagos Chamber of Commerce and Industry’s (LCCI) Power Sector Group said the project, which would come on board by the first quarter of 2019 aims at transporting three billion cubic metres of gas per day.

He further noted that to address the issue of pipeline vandalism, which is the major challenge faced by the energy sector, the pipelines would be offshore. According to him, the relevance of gas to power cannot be over emphasized, as a lack of it can cascade into manufacturing issues and subsequent national economic concerns.

topics from
There is no comment