Powergas Africa has advised manufacturing firms and residential estates seeking access to natural gas to switch
to Compressed Natural Gas following the current disruption in gas supply owing to the activities of pipeline vandals.
As a result of the recent rise in pipeline vandalism, power generation and gas supply to industries have been significantly impacted, escalating manufacturing costs as industries are forced to switch back to more expensive and polluting diesel-fired power generation, the company said in a statement on Friday.
“Unfortunately, the attacks on the pipelines are coming at a time when the Nigerian power sector was gaining momentum. But CNG is a good interim solution,” it noted.
According to the firm, CNG still offers significant cost saving compared to diesel – the fuel price alone is about half of diesel, adding that natural gas was also a much cleaner fuel than diesel, reducing maintenance costs and wear and tear on industrial machinery.
At an energy conference, the Chief Executive Officer of Powergas, Deepak Khilnani, reiterated the firm’s commitment to supplying natural gas via ‘virtual pipeline’ to industries as an alternate and cost-effective source of power generation.
“We understand the difficult market conditions for industries and national power generation – both the economic uncertainty coupled with the current gas crisis. Powergas is fully committed to finding power and gas solutions and is continuing to invest in new off pipeline compression and liquefaction plants to meet additional demand,” Khilnani added.
All Credits:PUNCH
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