Business
Tetracore Advances Natural Gas Monetization in Nigeria with Compressed Natural Gas (CNG) Commissioning, Liquefied Natural Gas (LNG) Ground Breaking
| Tetracore’s commissioning of its CNG facility and launch of a modular LNG project in Nigeria marks a critical step towards bolstering energy accessibility and sustainability in the region |
| Integrated energy solutions provider Tetracore has commissioned phase one of its Compressed Natural Gas (CNG) facility in Nigeria – representing a significant step towards strengthening the country’s natural gas distribution infrastructure. The company has also broken ground on the construction of a modular Liquefied Natural Gas (LNG) facility, which is poised to not only diversify Tetracore’s oil and gas portfolio but advance monetization in the gas-rich nation. As the voice of the African energy sector and a strong advocate for natural gas development in Africa, the African Energy Chamber (AEC) commends both of these achievements, recognizing the role facilities such as these will play in making energy poverty history in Africa. Tetracore – led by Managing Director Olakunle Williams – continues to make great strides towards promoting industrialization and electrification in Africa through the development of natural gas. The commissioning comes ahead of the African Energy Week (AEW): Invest in African Energy conference this November (4-8), which provides a platform for deals to be signed and African energy projects advanced. AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event. The development of Tetracore’s CNG facility – with a capacity of 3.1 million standard cubic feet per day (MMscf/d) – falls in line with the Nigerian government’s Decade of Gas initiative, which promotes the role of gas as a catalyst for industrial growth. Located on the Benin-Sagamu Express Road in Ogun State, the CNG facility aims to bolster gas availability along Nigeria’s Western-Southern corridor, which houses some of the country’s largest industrial clusters. Tetracore has plans to double the project’s capacity to 6.2 MMscf/d in the future, ensuring demand continues to be met as industrialization advances in Nigeria. Additionally, Tetracore’s CNG plant is near the Nigerian National Petroleum Corporation’s Gas Marketing Limited (NGML) connection point, which connects to the Escravos-Lagos Pipeline – the main gas transmission pipeline between the Niger Delta and the commercial capital of Nigeria, Lagos. This prime location ensures reliable pressure for effective and efficient CNG production and distribution, reaching both western and southern markets. Tetracore has also equipped the facility with advanced compression technology featuring an inbuilt fire suppressant system, ensuring safety and optimal performance, and the facility boasts an energy conversion efficiency rate of over 90%. As such, the project is expected to play a crucial role in enhancing local energy accessibility and providing a cleaner alternative to traditional energy sources. By utilizing CNG, the company aims to reduce carbon emissions and contribute to a more sustainable energy landscape in Africa. In addition to the CNG facility, Tetracore has also broken ground on a modular LNG facility. The planned 10 MMscf/d LNG facility will diversify the company’s energy offerings and contribute to Nigeria’s energy independence. Designed to efficiently produce and distribute LNG in Nigeria, the LNG facility provides an environmentally-friendly energy source for the country. This will be particularly instrumental for industries such as transportation and power generation. Additionally, the modular nature of the facility allows for scalable expansion, which will enable Tetracore to adapt to the growing energy needs of the region. “Tetracore’s activities in Africa are part of a broader strategy to develop robust and sustainable energy solutions across the continent. The Chamber recognizes the importance of Tetracore’s projects in ensuring energy security and driving forward the energy transition in Africa, providing reliable and cleaner solutions,” states NJ Ayuk, Executive Chairman of the AEC. |
Business
Court Orders Arrest Of Wike-led FCTA Director, 10 Others
By Aliyu Galadima
An Abuja High Court has issued a bench warrant against the director of investigation and prosecution of the FCTA, Joseph Eriki, and 10 others.Justice Suleiman Belgore has issued an order to compel the director and others to appear before the court for a suit filed against them.
The Judge’s decision followed the application of the prosecuting counsel, David Kaswe, who lamented the failure of the efforts to ensure that the suspects appear in court.
Justice Suleiman Belgore of the High Court in Abuja has issued a warrant of arrest against Joseph Eriki, the director of investigation and prosecution of the Nyesom Wike-led Federal Capital Territory Administration ,FCTA, and 10 others.
The judge had issued the order to compel the appearance of Joseph Eriki and 10 others before the court, as they had been arraigned in a suit filed against them by the federal government.
The warrant was issued following an application by the prosecution counsel, David Kaswe, who stated that all efforts to ensure the suspects’ presence in court had failed. Kaswe informed the court that the prosecution had made several attempts to notify the suspects’ lawyers and sureties, but to no avail.
He cited Section 124 of the Administration of Criminal Justice Act ,ACJA, which allows for the issuance of a bench warrant to compel attendance in court.
The court agreed to the application, issuing the warrant to ensure the suspects’ appearance for arraignment on a six-count charge. The charges against the suspects include criminal conspiracy, criminal trespass, forgery, and using a forged document as genuine.
They are also accused of using criminal force to deter a public servant from performing their duty. The suspects allegedly entered a plot of land belonging to Etha Ventures and constructed structures without authorisation, to defraud the company.
According to the prosecution, the suspects fraudulently obtained a consent judgment for the land, which was given to Super Structures Limited. The case has been adjourned until June 4 for arraignment.
The court’s decision to issue a bench warrant highlights the seriousness of the allegations and the need for the suspects to face trial. The suspects are facing a six-count charge, which was filed in February.
The court’s ruling emphasises the importance of a speedy trial and the need for the suspects to be held accountable for their actions.
With the bench warrant in place, the court is taking steps to ensure that the suspects appear in court and face the charges against them
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