Business
NNPC to open Compressed Natural gas refill stations nationwide
TRACKING___The Nigerian National Petroleum Corporation (NNPC) has stated that the compressed natural gas (CNG) refill stations will be opened across the country.
The group managing director, Mele Kyari said in a statement that the NNPC will support plans by the ministry of petroleum resources to provide an alternate energy source for Nigerians by opening
According to the statement signed by Kennie Obateru, NNPC will work with other stakeholders to provide viable alternatives to petrol which would ultimately lead to a reduction in demand and price of the product.
Daily Times gathered that the CNG (methane stored at high pressure) can be used as an alternative to petrol, diesel and liquefied petroleum gas (LPG) and its combustion produces fewer undesirable gases than conventional fuels.
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Responding to questions on the refineries shut down, Kyari told TVC in an interview that the NNPC deliberately shut down the refineries to allow for a robust diagnosis of the issues which have overtime made it impossible for the facilities to operate up to their nameplate capacity.
Kyari also said the issues were also compounded by pipeline vandalism which has made it difficult to supply crude oil to the refineries.
Kyari said the corporation is moving rapidly to execute complete rehabilitation of the refineries under an exercise that would guarantee restoration of the facilities to at least 90 percent capacity utilization.
Timipre Sylva, the minister of state for petroleum resources, had announced that the federal government will inaugurate CNG plants in NNPC filling stations nationwide in the coming weeks.