Masters Energy Oil and Gas Limited forges ahead with a bold $500 million investment in Nigeria’s gas infrastructure, highlighting a robust plan to enhance storage and distribution capacities across the nation.
During a groundbreaking ceremony in Port Harcourt, Group Managing Director Patience Dappa underscored the company’s commitment to Nigeria’s infrastructure. “We’re laying the foundation today, signaling our readiness to contribute to Nigeria’s economic transformation,” said Dappa.
The investment plan unfolds a 20,000MT gas storage facility, over 200 gas refilling outlets, more than 2,000 retail gas exchange outlets, a fleet of bulk distribution trucks for LPG transport, and a vessel dedicated to coastal operations.
“Masters Energy, established in 2005, now leads in diverse sectors, from oil and gas to power and shipping,” Dappa shared. “Our vision is to set the global benchmark in our industry, providing world-class services and ensuring robust returns for stakeholders.”
According to a report by This Day Live, the project promises to be a game-changer, introducing combined household and industrial gas infrastructure, featuring a state-of-the-art bottle-filling system.
Dappa emphasized the project’s benefits, including job creation and boosting local economies. “We’re starting a new chapter in our corporate vision, driven by faith in Nigeria’s potential and dedication to its progress,” she remarked.
The company anticipates rapid project completion, envisioning a future where community empowerment and improved human capital are at the forefront of Nigeria’s development.
