LAGOS,
Nigeria, -- Shoreline Energy Limited (parent
company of Gasland Company Ltd.) and The Shell Petroleum Development
Company of Nigeria Limited (SPDC) have signed an agreement to explore
opportunities to buy, market, distribute and sell natural gas to
consumers and companies in ...
the Victoria Island, Ikoyi, Lekki, and Epe
areas of Lagos.
“The partnership is a significant boost to the
gas supply efforts of the Federal and Lagos State governments and will
deliver tangible benefits to companies and households in Lagos,” said
Kola Karim, Chairman of Gasland and Chief Executive Officer of Shoreline
Energy. “The project started in October 2015, when Shoreline Power, a
subsidiary of Shoreline Energy took a 75% stake in Gasland, who had been
granted the Lekki gas distribution franchise for these areas by the
former Nigerian Gas Company (NGC).”
SPDC’s General Manager Gas,
Philip Mshelbila said, “We welcome this partnership with Shoreline to
build on our companies’ gas supply strength and distribution know-how to
deliver gas to customers in the franchise areas. This is an important
next step in the expansion of the Nigerian domestic gas market which we
have been pioneering since the 1960s.”
The Lekki franchise gives
exclusive rights to distribute and sell gas in the Victoria Island,
Ikoyi, Lekki, and Epe areas of Lagos.
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