NNPC acquires 15% stake in a $7m CNG plant in Delta
The Nigerian National Petroleum Company (NNPC) Limited through its subsidiary NNPC Gas Marketing Limited (NGML), has acquired a 15 percent equity stake in Starzs Gas Limited’s Compressed Natural Gas (CNG) mother station in Iwhrekan, Ughelli South Local Government Area of Delta State. The 2 million standard cubic feet per day (2mmscf/d) facility, estimated at over $7 million, is expected to be commissioned in the first quarter of 2026, with a planned scale-up to 5mmscf/d within 18 months. As pa...