We’re committed to gas resource development – Accugas

The Managing Director, Accugas Limited, a subsidiary of Seven Energy International Limited, Mr. Stephen Tierney, said the company is committed to Nigeria’s gas resource development.

Tierney, in a statement on Wednesday, also said the company developed capacity for long-term gas supply gas for power generation.

He said, “Accugas is committed to aiding in the development of Nigeria’s gas resource, improving power supply and supporting local economic growth.

“Through the processing and distribution infrastructure Accugas is constructing, we are capable of providing a long-term supply of gas for power generation and lower cost of fuel for local industries. This will create an attractive environment for investment for gas-based enterprises in Nigeria, particularly the Niger Delta.”

According to him, Accugas currently has two long-term take-or-pay gas sales agreements in place to sell over one trillion cubic feet of gas to Ibom Power station and Calabar NIPP power station.

He said, “The company remains on course to complete the development of necessary infrastructure to deliver the gas to both power stations. The first 100MMcfpd train of the two train 200MMcfpd gas processing plants at Uquo, and the 62km 18-inch Uquo to Ikot Abasi pipeline, were commissioned in the first quarter of 2013, to deliver gas to the 190 mega watts Ibom Power station.”

Tierney also said Accugas Limited had won the 2013 African Quality Service Award for Gas Processing and Transportation..

The award was presented by the Institute for Government Research & Leadership Technology during its 2013 African Governance and Corporate Leadership Awards in Abuja.

The Chief Executive of the Institute, Ambassador Moses Essien, commended Accugas for its contribution to gas processing services in Nigeria.

The Chief Executive Officer, Seven Energy, Mr. Phillip Ihenacho, who commented on the development, said, “We would like to thank the institute for this prestigious award.  It is a fantastic recognition for the ongoing efforts and achievements of Accugas and Seven Energy in contributing to the development of the Nigerian gas market in a responsible way.”

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