President Bola Ahmed Tinubu said Nigeria is ready to provide clean and sustainable energy solutions both domestically and across Africa and beyond.
He made these remarks while commissioning the 40,000 cubic meter (CBM) Liquefied Petroleum Gas (LPG) vessel, named MT Iyaloja (Lagos), in Ulsan, South Korea.
WAGL Energy Limited, a joint venture between NNPC Ltd. and Sahara Group, owns the dual-fuel, fully refrigerated LPG carrier. This addition increases WAGL’s total LPG capacity to 162,000 CBM, joining MT Africa Gas, MT Sahara Gas, MT BaruMK, and MT Sapet in the fleet.
Representing the President, the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, praised WAGL Energy Limited, NNPC Limited, and Sahara Group for their strategic vision, technical expertise, and commitment to strengthening Africa’s presence in the global clean energy market.
NNPC Ltd.’s Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, called the vessel a significant boost to Nigeria’s gas development initiatives.
Represented by the Executive Vice President, Gas, Power & New Energy, Mr. Olalekan Ogunleye, he emphasized that the vessel will play a vital role in leveraging gas to advance Nigeria’s economic growth.
He added that NNPC Ltd. remains dedicated to making LPG affordable, accessible, and widely available nationwide.
NNPC Ltd. takes pride in being a major shareholder in this homegrown company, which, along with MT Iyaloja (Lagos), operates four additional LPG vessels and has delivered over 6 million MT of LPG across West Africa in the past five years.
WAGL’s Chairman and Executive Director at Sahara Group, Mr. Temitope Shonubi, highlighted that the company’s expansion reflects its mission to responsibly address Africa’s energy infrastructure gaps.
He noted that MT Iyaloja (Lagos) honors the legacy of Alhaja Abibatu Mogaji, and praised the partnership between Sahara Group and NNPC Ltd. for advancing energy access across the continent.
WAGL’s Managing Director, Mr. Mohammed Sani Bello, underscored the company’s commitment to growing its integrated energy supply network.
He also mentioned that WAGL plans to expand its fleet over the next two years with a Small Gas Carrier and a Very Large Gas Carrier (VLGC).
Alhaja Folasade Mujidat Tinubu-Ojo, the Iyaloja-General of Nigeria and granddaughter of Alhaja Abibatu Mogaji, performed the symbolic ribbon-cutting ceremony for the vessel named in honor of her grandmother.
source: nnpcgroup.com
African Energy Council