Shell Nigeria Gas (SNG) is to facilitate domestic gas infrastructure development in Oyo State following the signing of a Memorandum of Understanding with the state government last week.

The pact targets the distribution of cleaner and more reliable gas energy to industries in the state through a distribution network with potential for around 50 million standard cubic feet of gas per day, starting from the state capital, Ibadan, as the point of first entry.

The MoU set out broad terms and conditions to guide co-operation between the two parties for the project development and delivery, and it was signed at the Oyo State Government House last Wednesday by Managing Director of SNG, Ed Ubong and the state governor, Oluseyi Makinde.

The governor described the agreement with SNG as critical in the state’s efforts to boost industrialisation and enhance economic development while improving access to power for both residential and industrial areas in the state. “We believe that the agreed terms in the MoU will lead to the signing of the Build-Operate-Own-and Transfer agreement so that businesses can begin to reap the benefits of a steady source of energy.”

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Source: SweetCrudeReports