Eunice Imo Kalu
Lagos — Masters Energy Oil and Gas has embarked on a transformative journey by commencing the construction of a state-of-the-art $500 million gas storage facility.
This project includes the construction of a 20,000MT gas storage in Port Harcourt, over 200 gas refilling outlets, 2000 retail gas exchange outlets, bulk distribution trucks for LPG transportation, and a dedicated vessel for coastal operations.
The Group Managing Director, Masters Energy Group, Patience Dappa, during the groundbreaking ceremony for the gas infrastructure projects held in Port Harcourt recently said the company has an abiding faith in Nigeria and was fully dedicated to investing more in the country’s critical infrastructure.
Dappa, said the facility would provide jobs and create enormous ancillary businesses within the oil and gas ecosystem for the country’s teeming population and contribute positively to the economic transformation of the host community and Nigeria at large.
According to her, the approval came, “just a few days ago, but as a testament to our readiness and commitment to this project, we are laying the foundation today.”
She said: “In line with the federal government gas infrastructure development plan, we have decided to embark on this audacious project of about $500 million project which includes 20,000MT gas storage here in Energy City, over 200 gas refilling outlets, over 2000 retail gas exchange outlet, bulk distribution trucks for LPG transportation and a dedicated vessel for coastal operations.
“At the completion of this project, it will provide jobs and create enormous ancillary businesses within the oil and gas ecosystem for our teeming population and contribute positively to the economic transformation of the host community and Nigeria at large.
“As we commence work to deliver on this project, I want to take a moment to express my deepest gratitude to every one of you – our dedicated and hardworking team members. Your commitment, passion, and resilience have been the driving force behind our successes.
“As we anticipate the completion of this project in record time. We are very optimistic that the next time we invite you; it will be to commission this project. And we are here today to begin another layer of our corporate vision.
“And I must tell you we are excited about the possibilities that the future holds, as we empower communities, improve human capital, and deliver a better country that we shall be proud of. We have an abiding faith in this country and we at Masters Energy are fully dedicated to investing more in this country’s critical infrastructure.”
Dappa also noted that the uniqueness of the project was that Masters Energy would be the first to combine household and industrial gas usage infrastructure. Also included in this terminal when completed is a fully automatic bottle-filling machine (carousel) with a 1,200-bottling capacity per hour.