• Mon. Feb 26th, 2024

Minister Commends Nigerian Firms For Local Content Achievement In LPG Vessel Project

Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has commended Nigerian firms for their courage, vision, and hard work in breaking new frontiers in gas businesses, aligning with the local content law. The praise comes in the wake of the commissioning of Temile Development Company Limited’s 23,000 cubic meters ultramodern Liquefied Petroleum Gas (LPG) Carrier – ‘Alfred Temile 10′ at the Hyundai Mipo Dockyard in Ulsan, South Korea.

Minister Ekpo hailed the courage displayed by Temile Development Company Ltd in conceptualizing and delivering the LPG vessel project as a monumental achievement in local content law, urging other firms to emulate this exemplary initiative.

He emphasized the significance of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, enacted to foster in-country capacity in the oil and gas industry. The minister highlighted that the commissioning of the LPG vessel stands as a testament to the success of this legislation.

“By actively engaging in projects of this magnitude, we are fostering indigenous participation and furthering our commitment to building a sustainable and vibrant oil and gas sector,” he stated.

Minister Ekpo outlined that the newly commissioned vessel would enhance the efficiency of the country’s energy supply chain by transporting LPG from the Nigerian Liquefied Natural Gas Ltd (NLNG) to coastal storage facilities.

“Today’s commissioning also reflects the increasing influence of Nigerian content in the oil and gas maritime space. It is a proud moment for our nation, showcasing active participation that not only complies with the Cabotage Law but aligns with the objectives of the Nigerian Oil and Gas Industry Content Development Act (NOGICD) of 2010,” he added.

He urged stakeholders in the oil and gas sector to recommit to the principles of collaboration, innovation, and local content development, envisioning the event as a catalyst for even greater strides in achieving self-sufficiency and prosperity in the Nigerian oil and gas industry.

Hyacinth Beluchukwu Nwafor

Hyacinth Beluchukwu Nwafor is a seasoned journalist and the CEO/Founder Belch Digital Communications, publishers of Hybrid News Nigeria.

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