The Nigerian National Petroleum Company Limited, through its subsidiary NNPC Gas Marketing Limited, has agreed to acquire a 15 per cent equity stake in Starzs Gas Limited’s 2 million standard cubic feet per day Compressed Natural Gas mother station in Iwhrekan, Ughelli South Local Government Area of Delta State.
The partnership was disclosed during the groundbreaking ceremony of the project, which was recently held and led by the Managing Director of NGML, Justin Ezeala, who represented the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo.
As part of the partnership, the national oil company will guarantee a competitive-priced gas supply to the multi-million-dollar facility and allow its logo to appear alongside Starzs Gas’s, highlighting the collaboration.