Lagos State Government Makes Plan to Import Terminal Expansion to Boost LNG Infrastructure

The Lagos State Government said it would be deploying resources to increase infrastructure development in the oil and gas sector, which will facilitate and encourage investors.

The infrastructure that the government seek is going to target the expansion of business in the downstream sector, most especially liquefied natural gas, pipelines, import terminals, and many more.

This was announced by the Permanent Secretary of the Ministry of Energy and Mineral Resources, Mrs. Sholabomi Shasore, who stated that the Lagos state government will also focus on other areas that will boost the supply of gas in the state. 

Shasore gave the assurance in her goodwill message delivered at the 17th edition of the Oil Trading and Logistics (OTL) Africa Downstream Week, 2023, on Tuesday in Lagos.

The Permanent Secretary was represented by Mr Antonio Ayodele, who is also a representative of the ministry; he said that now is the right time for more synergy in the oil and gas downstream and midstream sectors.

Her statement reads,

• It is time to be innovative and to collaboratively drive the market through its murky waters, and it is also time to bring the market to a new horizon. It is time to forge ahead into the new. Here in Lagos State, our policy priorities will support initiatives that will drive the market in this regard.

• These will include strategic infrastructure like LNG import terminals and pipelines to improve the reliability of gas supply in Lagos State. 

• We are pursuing an ambitious energy agenda that emphasises renewable sources, gas utilisation, and energy efficiency.

• We are committed to stimulating demand by facilitating switching to gas use across industrial, power, and transport sectors. Incentives like intervention funds and collaboration through federal agencies are planned.

• Through initiatives like our one-stop online portal, the state, through the ministry strives to ease market entry and promote an enabling environment for downstream operators in Lagos State. We are committed to supporting your business growth and excellence. 

Ayodele, who represented the Permanent Secretary, also added that the IBILE Oil and Gas Corporation (IOGC), which is Lagos State’s major implementation agency, will be collaborating with other private sector, state agencies, the federal government, kit conversion, and other related Original Equipment Manufacturers (OEM) to provide an easy transition for alternative fueling of vehicles.

He said this agency is going to invest and transit the Lagos State Government to alternative fueling solutions with a clear objective to lower costs, reduce emissions, and boost energy security.

Ayodele rounded up by saying the plans included will provide adequate infrastructure development, such as refuelling stations, conversion centres, distribution networks, and charging stations.