‘How license confers exclusivity right to Falcon Corporation for gas distribution within the Ikorodu industrial Zone,’ company’s MD, Prof. Joe Ezigbo gives details
The Nigerian Midstream Downstream Petroleum Regulatory Agency (NMDPRA) has granted Falcon Corporation Limited, a 25-year Gas Distribution License (“GDL”)
Platforms Africa reports quoting a statement by the Managing Director of the firm, Prof. Joe Ezigbo, that the license confers exclusivity right to Falcon Corporation for gas distribution within the Ikorodu industrial Zone.
Ezigbo added that the GDL marks a significant regulatory approval that strengthens its role in the domestic gas market.
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“This milestone enables us to expand our gas distribution operations, ensuring a more sustainable and efficient supply of natural gas to industries, businesses, and residential consumers,’’.
The GDL IS in line with Section 148 of the Petroleum Industry Act (PIA) 2021, which mandates the NMDPRA to issue Gas Distribution Licenses to qualified individuals and organizations. This move is part of the government’s efforts to implement the PIA and Gas Distribution Regulations of 2023.
The initiative is also expected to open up opportunities across several key sectors, including energy-intensive industries, power generation, clean cooking initiative, gas reticulation, compressed natural gas mobility, and energy parks and special economic Zones.
The Falcon Corporation MD maintained that natural gas plays a transformative role in fostering industrialisation, creating employment opportunities, and generating revenue for sustainable national development.
He said a thriving domestic gas market is crucial to achieving the government’s ambitions under the Decade of Gas Initiative
Falcon Corporation Limited GDL is expected to promote accessibility and availability of gas, encourage infrastructure development, crash the cost of production, aid the influx of industries to Ikorodu industrial Zone and enhance energy security for all Nigerians.
The firm is a leading indigenous and integrated gas value chain company with expertise in delivering world-class energy solutions across the midstream and downstream sectors of the industry
As a dominant and viable player, Falcon has built and sustained various strategic partnerships across the gas industry segments for the exploration and actualisation of opportunities by way of development of piped gas infrastructure, sourcing, and supply of natural gas to industries within various zones in the country and the storage, sales, and distribution of Liquefied Petroleum Gas (LPG).
Platforms Africa
