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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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Axella Plans To Deepen Gas Utilisation in Nigeria

Axella' s Director of Business Development, Mr Franklin Imole

By Favour  Ifeoluwa & Akinola Ajibade

Axella's Gas Processing Plant announces Final Investment Decision ( FID) to develop a 50 MMASCF/D Gas Processing Plant, with h a view to deepen utilisation of gas  in the country.
The firm, which is situated  in 0ML 56 in Delta State,  said that its making strategic investment in order to ensure that gas is available for industrial use in Nigeria.
Situated in  Delta State, Southern Nigeria and billed to commence operation by the end of 2024, the facility, Axella' said, boasts of 12 MMSCF  Modular Plant with an interconnection pipeline network of about 4kilometres alongside other ancillary infrastructure. The facility, the company added, is expected to commence operation by the end of this year.
Speaking on the plant ,  Axella's  Director of Business Development, Franklin Imole said: " As the Federal Government continues to pursue its decade of Energy Transition Agenda, we remain a reputable gas processing plant, which aimed at tackling the long standing challenge of gas flaring and commercialisation ion Nigeria.
" We are positioning to develop  requirite natural gas processing and last mile distribution that  creates  acesss for at least 20 per cent of Nigeria gas demand. Over the past two decades, we have been at the forefront of natural gas advocacy, and this project is a further reaffirmation of our dedication to gas infrastructure development and our vision to deliver innovative energy solutions across Nigeria and Africa, he concluded.
According to him, Axella has executed a fixed term long  agreementt to supply leading indigenous upstream players and establish equipment  agreement with world class Original Equipment Manufacturers (0MS) in order to ensure quality delivery of the project. This follows the Final Investment Decision (FID) executed by the company.
Continuing further, Imole said that the project is strat egically located in OML 55   to serve as a potential hubs, which upstream players for growth. Axella is partnering with OEMS to unlock economic opportunities, adding that the project that  can potentially transform gas flaring into a valuable resource which would further ensure a stable, cleaner energy for domestic utilisation, thereby contributing signicantly to 002s, emißioks avings  emissions, as well as supporting environmental sustainability.







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