Lagos Plans Import Terminal Expansion To Boost LNG Infrastructure

The Lagos State government would be deploying resources to enhance infrastructure development within the oil and gas sector that will facilitate and encourage investors.Permanent secretary, Ministry of Energy and Mineral Resources, Ms. Sholabomi Shasore, stated that the state government would also give priorities to other strategic infrastructure aimed at improving the reliability of gas supply in the state.

She said: “It is time to be innovative and to collaboratively drive the market through its murky waters, and it is also time to bring the market into a new horizon. It is time to forge ahead into the new. Here in Lagos State, our policy priorities will support initiatives that will drive the market in this regard.“These will include strategic infrastructure like LNG import terminals and pipelines, to improve the reliability of gas supply in Lagos State.

“We are committed to stimulating the demand by facilitating switching to gas use across industrial, power and transport sectors. Incentives like intervention funds and collaboration through federal agencies are planned. Ayodele, on his part, disclosed that, the IBILE Oil Gas Corporation , Lagos State’s key implementation agency, was collaborating with the private sector, federal government and state agencies, kit conversion, and other related Original Equipment Manufacturers , to ensure a smooth transition for alternative fueling of vehicles.

Source: News Formal (newsformal.com)

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