NNPC Limited’s Post

Transcript

Hey man. Energy for tomorrow. The Ashta Vinayak Hydrocarbon Limited 8HL project is a joint venture between the Nigerian National Petroleum Company Limited and NPC and Sterling Exploration and Energy Production Company Limited SIPCO. It is designed to process 200 million standard cubic feet of gas per day, with a capacity to scale up to 214 million standard cubic feet of gas a day. The processed natural gas from AHL will be delivered to OB 3, providing cleaner and more conveniently usable fuels to facilitate social, economic and technological developments. Ahead of the Presidential commissioning, the plant is actually delivering gas into the obituary. So this is important. It's not emotional, It's real. The second thing to note is that. As we speak. Notwithstanding that, the OB 3 pipeline is not on the list of pipelines or projects to be commissioned by the President. Over 113 of the 130 kilometre is already in use and with the commissioning of this plant, incremental volume of 220 million square FT per day will enter into that system. The AHL project is much more than the economic gains it has in store. It's guarantees sustainable development achieved through public private partnerships and the monetization of the entire gas business value chain across midstream and downstream segments. The 8HL gas processing project is also expected to generate over $500 million in the next 10 years. During construction it provided over 300 direct jobs and during operations is poised to generate over 2000 direct and indirect jobs. We produce now approximately 12% of Nigeria's LPG. It has helped in reducing our direct import bill and FX requirement for LPG import. The advantage of the second gas plant will further help reduce our import bill on LPG. It'll take our total market share from about 12% to little over 20%, thereby substituting all our import needs by domestic production done by Nigerians in Nigeria. The benefits of the NPC limited SIPCO HL project are manifold. A game changer in the energy sector, HL guarantees household uptake of LPG lean gas for power generation to gas and NGL's for the petrochemical industry. Reduced gas flaring, leading to improved agriculture and environment. Increase in tax revenues contributing to state development and improved quality of life through domestic LPG supply. HL is committed to supporting local businesses and has additional CSR initiatives aimed at developing local communities, making a lasting positive impact of the region. The ladies and gentlemen, welcome to the launch of the AHL Gas Processing Plant, a symbol of progress, sustainability and community development. The annual gas processing plant, being one of the countries most strategic natural gas projects, is designed to help. The country accelerates its transition from small scale diesel generators to cleaner, less expensive natural gas for power generation. The associated upstream development includes the drilling of five non associated gas production. Cells by Shell Petroleum Development Company, SPDC. All the upstream wells required for the first gas of the plant have been completed since 2023. The processing plant occupies about 84 hectares of land. It is an enormous complex which houses gas processing facilities, condensate and LPG storage, accommodation, offices, warehousing, etcetera. The plant will produce three major products, dry gas as fuel for power plants in the country, condensate which is to be channeled. To Bonnie Terminal for export and liquefied Petroleum Gas LPG for the local domestic market. In order to complete the project, the IJVAG PC in 2021 successfully raised $260 million in loans to fund the completion of the project. As of today, the project is fully funded following the equity investments of $210 million by each partner, the joint venture partner to Arnold gas processing company NPC Gas. Infrastructure company Ng IC is responsible for the delivery pipelines required to transport the gas from the plant to the demand centers. They include the 23 kilometre spur line and the Obianuju Obicham open OB3 pipelines. The plant is being linked by a 16 kilometres Rd. being constructed by Arnold Gas Processing Company. The road stretches from Amnesty junction in Assar, the home of the plant through Ohaba to Obu Sima all in Ohaji, Egbema local government area of Imo State. Well, this is the story of the game changer in the Nigeria gas industry known as Arno Gas Processing Company, the first of its kind in the utilization of the abundant natural gas in Nigeria for the transformation. Of the country's economy and for the betterment of her people. Energy for today. Energy for tomorrow.