Axxela Limited, a Nigerian gas and power portfolio company, has signed a Gas Transportation Agreement with the West African Gas Pipeline Company Limited to transport over 15 million standard cubic feet per day of natural gas via the West African Gas Pipeline to Lome, Togo.
The Chief Executive Officer, Axxela, Bolaji Osunsanya, was quoted as saying at the signing ceremony in Accra, Ghana, “The partnership between Axxela, WAPCo, and the West African Gas Pipeline Authority, portends major benefits for the West African gas markets.”
He said, according to a statement, that the flow of new molecules beyond the existing foundation contracts would diversify gas supply sources into the WAGP. The WAGP is a 678km regional pipeline linking the Escravos-Lagos Pipeline System in Nigeria to Takoradi in Ghana, with gas delivery laterals from the main line extending to Cotonou, Benin; Lome, Togo; and Tema, Ghana.
According to the statement, Axxela is also developing a floating storage and regasification unit in Lagos, with the capacity to serve Nigeria and the region. It said the concept would see the injection of gas via a regasification terminal at a strategic location along the city’s coastline, with gas supplied via Liquefied Natural Gas shuttle vessels.
Source: The Punch