The Nigerian National Petroleum Company Limited (NNPC) and leading energy and infrastructure conglomerate, Sahara Group yesterday took delivery of two 23,000 CBM Liquefied Petroleum Gas (LPG) vessels at the Hyundai MIPO Shipyard in Ulsan, South Korea.
They also announced plans to add 10 vessels in 10 years to enhance Africa’s transition to cleaner fuels.
The new vessels, MT BARUMK and MT SAPET, have increased NNPC and Sahara Group’s joint venture investment to over $300 million, approaching the JV’s $1 billion gas infrastructure commitment by 2026.
The fleet previously comprised MT Sahara Gas and MT Africa Gas. All four vessels were built by Hyundai MIPO Dockyard, a foremost global manufacturer of mid-sized carriers.
“The NNPC and our partners stand out with integrity in our energy transition quest and our commitment to environmental sustainability is unwavering.”
MT BARUMK and MT SAPET are WAGL and Sahara Group’s injection into the JV. WAGL is shoring up its gas fleet and terminal infrastructure, while Sahara Group continues to make remarkable progress in the construction of over 120,000 metric tons of storage facilities in 11 African countries, including Nigeria, Senegal, Ghana, Cote d’Ivoire, Tanzania and Zambia among others.
Temitope Shonubi, Executive Director Sahara Group, said: “WAGL has successfully operated two mid-sized LPG Carriers – MT Africa Gas and MT Sahara Gas – in the region in keeping with global standards, delivering over six million CBM of LPG across West Africa.
“With the new vessels, we are set to promote and lead Africa’s march towards energy transition.”