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Gasco Marine taps growing demand for CNG


Gasco Marine Limited says it has increased its footprint in the Compressed Natural Gas delivery cycle by adding skids of 12 tube cascades to its virtual pipeline fleet amid growing demand.

It said the total number of skids in its fleet had risen to 15 with a total carrying capacity of 97,500 standard cubic meter.

Gasco Marine, according to a statement, is a fully indigenous company specialising in the distribution and commercialisation of natural gas in Nigeria and it’s involved across the entire midstream and downstream gas value chain.

It said it had also developed a N2bn CNG mother station in Abeokuta with a total installed capacity of about 216,000 scm daily, with CNG demand most highly concentrated in the South West.

The Chief Executive Officer, Gasco Marine, Bukola Badejo-Okusanya, said, “We are committed to taking gas everywhere there is a demand for it and promoting the use of natural gas by energising the mid and downstream value chain including distribution and compression of natural gas.”

The company said when its parent company, Viathan, considered how to optimise its processes, logistics handling stood out clearly, resulting in a commitment to invest in logistics infrastructure.

It said logistics costs could also be reduced if the customers were in close proximity to existing pipelines or a plant.

The statement said, “Gasco Marine’s footprint with expanded capacity virtual pipeline and state-of-the-art CNG mother station covers the industrial hubs in the South-West axis (Ogun State, Oyo State and Ilorin, Kwara State).

“As domestic gas consumption in Nigeria steadily increases, Gasco Marine has placed itself as a key player in the downstream sector of the gas industry positioned for expansion across Nigeria.”

It added, “Companies like Gasco understand that to do ‘gas as a business’,  you have to be in it for the long haul. But in just five years, the company’s management has demonstrated the kind of innovative thinking that is needed to disrupt gas supply and succeed in a sector that is still in its infancy in Nigeria.”

According to the company, the demand for CNG is on the rise, and private sector suppliers (producers and distributors) are investing heavily in pipeline and plant infrastructure.

“But while there are returns to be made, the initial costs are significant enough that those returns are for the future, and not immediate,” it added.

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