Firm Inaugurates $500m LNG Plant

• Firm Inaugurates $500m LNG Plant

Greenville Oil and Gas Company Limited has inaugurated a $500m Liquefied Natural Gas plant in Port Harcourt, Rivers State.

The Chairman, Greenville LNG, Eddy Broeke, said, “Our mission is to bridge the natural gas supply gap in order to promote economic and social development and revive moribund industries across the country. We’ve invested about $450m to $500m on this project.

“And this is because we have to build the whole infrastructure on our own, which includes the construction of filling stations for our product on strategic locations across the country.”

According to Broeke, the plant currently has a total capacity of 2,250 tonnes of LNG per day, which is about 750 million tonnes per year.

He said, “Environment wise, this is going to be a full revolution, especially in transportation methods. With respect to transportation, permit me to say that what we are bringing into Nigeria and Africa is the first set of trucks that are fuelled by LNG. Normally, this should reduce the price of transportation and logistics by about 35 to 40 per cent.”

On power generation, the Greenville chairman said the product would serve electricity generation plants that found it tough to get gas through pipelines.