Wednesday, December 3, 2008
Gaslink Completes 38km Pipeline Expansion Project in Lagos State · Industries in Lagos are now positioned to cut their expenditure on power supply by 50% as Gaslink Nigeria Limited - a subsidiary of Oando Gas and Power , Nigeria ’s leading energy provider - announces the commissioning of its 38 kilometre Phase-3 gas pipeline expansion project in Lagos state. The gas pipeline network is used for the transportation of natural gas, a safer and cleaner substitute for gasoline (petrol), diesel, or propane fuel to industrial users within the state. The expansion project which commenced in May 2007 will deliver 1.809 million standard cubic feet (mmscf/d) of natural gas per day to the Apapa industrial area. The commissioning is coming on the heels of a successful hydrostatic pressure test conducted on the infrastructure, which confirmed the integrity of the pipelines. The new pipeline section was constructed in conformity to international standards and has surpassed the highest safety standards for inhabitants and properties around the facilities. The expansion project tagged GLIII (Greater Lagos Three), was built at a cost, of over N7bn and runs a distance of 38km through Ojota , Maryland , Obanikoro, Iganmu, Alaka, Wharf, Apapa, Tin Can Island and Amuwo Odofin. The completion of the new pipeline section as an addition to the existing infrastructure has resulted in a gas pipeline coverage of all the major industrial areas of Lagos State , with a total pipeline network of 99.4km. In 2001, Gaslink embarked on a phased urban pipeline network development drive that began with the construction of an 11.2 kilometre pipeline network, with a capacity to deliver 15mmscf/d, from the Nigerian Gas Company’s City Gate at Ikeja through Oba Akran, Lateef Jakande and Acme Roads; all within the Ikeja industrial scheme. Following the successful completion of the first phase of its development, the company commissioned its Ikeja 1B gas line with a capacity to deliver an additional 5mmscf/d to companies within Oregun through to Mobolaji Bank Anthony Way , Ikeja. By 2004, Gaslink’s pipeline network was further expanded by an 84 kilometre distribution line designed to deliver a throughput of 65mmscf/d through Ojota, Isolo, Amuwo Odofin, Ilupeju, Matori and Isolo. With this, Gaslink has developed an extensive pipeline network covering the major industrial areas in Lagos State . The Managing Director of Gaslink Nigeria Limited (GNL), Mr. Bolaji Osunsanya comments, “The completion of this project is a demonstration of our determination to build Sun-Saharan Africa’s largest pipeline infrastructure on a world class platform. We have concluded the Phase 3 expansion project without any safety incident and the hydrostatic pressure test has confirmed our adherence to international standards”. Commenting further, Mr Osunsanya states; “The new pipeline will significantly improve our capacity to deliver increased volumes of gas to our customers especially within Tin Can Island and Apapa industrial Scheme. In the near future, Gaslink plans to extend its business beyond Lagos State , to other parts of Nigeria and indeed, West Africa . Preliminary work has already reached various stages in Calabar and Abuja , where Gaslink seeks to get new franchise rights from the Nigeria Gas Company (NGC), while further positioning itself as the preferred Local Distribution Company (LDC) for the West African Gas Pipeline (WAGP) that will transport natural gas from Nigeria to Ghana , Togo and Benin . Gaslink Nigeria limited is an indigenous company established to promote gas distribution and utilization in Nigeria . The company, a subsidiary of Oando Gas and Power, is operating a 20-year Gas Sale and Purchase Agreement (GSPA) with the Nigeria Gas Company. Gaslink is the pioneer and one of the few companies in Nigeria involved in the piping and distribution of natural gas to industrial, residential and commercial consumers.
Energy, finance experts meet on funding of petroleum projects Ayodele Samuel, Lagos Stakeholders in the finance and petroleum sectors in the Nigerian economy will on December 4 meet to address issues and challenges affecting the funding oil and gas projects.> The event, which is a one-day workshop being organized by the Nigerian association of Energy Correspondents (NAEC), is> expected to provide financial service providers the> opportunity to take position on existing policies on local> content development of the industry. > According to a statement from the association, the workshop> became most necessary because of the performance of both the> indigenous petroleum firms and banks in trapping> opportunities in funding of oil and gas industry projects. > The Nigerian Content Development (NCD) policy, the> association noted, was designed to address the dearth of> local capacity and participation of indigenous companies in> the nation’s energy sector, but regretted that significant> effort has not made as most of the oil and gas firms are> still faced with the problem of finance. The workshop, NAEC stressed, would help the Federal> Government fashion out the policy that would be central to> comprehensive national agenda, adding that it would> reposition the Nigeria’s economy to take full advantage of> human and natural resources.> The statement added: “The central challenge has always> been funding of strategic investment to realize the national> aspiration. Our association is providing the platform for> major players and stakeholders to interact and share ideas> on how to tackle this challenge and optimise the gains of> the NCD policy.” > The recent bank re-capitalization and consolidation> programme initiated by the Central Bank of Nigeria (CBN),> NAEC stated, was geared towards making the banks garner the> financial strength to compete with other players around the> world in the provision of a broader range of financial> services in the industry.> Among the services are securitization of underwriting> insurance and brokerage services in oil and gas industry,> which had been the exclusive preserve of foreign insurance> companies.
Obasanjo , Bankole ,Fasheun call for Sustenance of Democracy. “The democracy in Nigeria need to be sustain for the future generation” was words coming from Senator Iyabo Obasanjo Bello first Daughter of the former president Chief Olusegun Obasanjo, Chief Olayiwola Alani Bankole a PDP chieftain and father of the Rt. Hon . Speaker of the Federal House of Representative Demeji Bankole and the National President and Founder of Odua People Congress OPC Dr. Frederick Fasheun , during the lunching of the pioneering political celebrity Magazine EXPOPLUS in Lagos.Delivering the keynote address Iyabo Obasanjo said there is need to know what has led to not sustaining democracy in the past to know how to sustain it currently and pass it to the next generation. She however said Nigeria Political history and find out what led to the truncation of our past democracies adding that Nigerians have experienced both military and civilian rule but Nigerians have experienced more progress under civilian government.She added that the only way to sustain democracy “is if there is a general feeling of progress under civilian rule” stressing that the vision of the Nzeogwu in the first coup was good but by truncating that democracy which was by no means perfect he got us further away from the idea he mentioned. “Our current democracy is by no means perfect and it is a long way from achieving a better Nigeria but I believe it will correct itself if men and women of courage stand up and speak up about injustice and unfairness” she stress that in “Nigeria we must make change through the democratic process, it will be slow and there will be victims along the way but we must not waiver”. Chief Alani Bankole said the magazine has in his best sustain democracy in the country and call on Nigerians to ensure that a well democratic nation is build for the next generation. Dr. Frederick Fasheun said democracy cannot be sustain without peace and unity in the country adding that its right time Nigeria build a nation that have the interest of the populaces , that have a dream for every Nigerian on the street. Speaking earlier the publisher of the magazine Edward Dada Larunsi said he’s determine to be in the fore front for the fight to sustain democracy in Nigeria “ our democracy is developing and we must build a mature democracy in this country”.He however task other media to give every politician a voice and join the race of sustaining and celebrating Democracy in Nigeria