Business
Minister Hails NCDMB, Nedogas Strategic Partnership
The Honorable Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has commended the Nigerian Content Development and Monitoring Board (NCDMB) and Nedogas Development Company Limited for initiating and successfully executing the 300 million standard cubic feet (MMscf) Kwale Gas Gathering (KGG) Facility and Nedogas Plant in Umusam community, Delta State.
He gave the commendation at the formal commissioning of the two projects on Thursday.
The Minister said the outcome of the strategic collaboration between the two companies represents “a significant advancement in the country’s efforts to promote sustainability, energy efficiency, and economic expansion.”
According to him, “The NCDMB and Nedogas Limited, of which Xenergy Limited is a part, deserve praise for their tireless work and steadfast dedication to this admirable cause,” and that the collaboration “serves as evidence of the effectiveness of our local content policy, which seeks to increase the involvement of Nigerian businesses in the oil and gas industry while promoting local knowledge and capability.”
He said the country’s capacity to extract and use natural gas resources has been significantly boosted with the completion of Nedogas Plant, which will increase domestic supply and export potential, while generating jobs, “fostering industrial expansion, and ensuring energy security.”
The Kwale Gas Gathering Facility, he pointed out, solves a persistent environmental issue as it captures associated gas that would otherwise be vented and thus turn a potentially waste product into a useful resource. The ‘Decade of Gas’ plan of the Federal Government, he observed, is being promoted in the two projects of Nedogas.
In concluding, he enjoined all to note that “It is essential that we keep enhancing the collaborations amongst all parties involved as we progress,” while assuring that “The Ministry of Petroleum Resources (Gas) is still dedicated to helping programs that improve local content, promote investments, develop capacity, and give Nigerians opportunity.”
On his part, the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe, remarked that the achievement recorded by the Board and Nedogas represents “a triumph of partnership and shared vision” and “confirms that the Government, the private sector and local communities can collaborate effectively to bring value to the economy.”
He assured that “NCDMB remains committed to fostering such collaborations and creating an enabling environment for investments” and that the Board is equally proud of strategic projects it is developing in partnership with other chain investors in the last 10 years. These, he noted, “are geared towards actualising Federal Government’s policy direction.”
According to the ES, the KGG Facility and Nedogas Plant are not only infrastructural achievements but also serve as catalysts for local content development and job creation, among other things.
“Looking ahead,” he reaffirmed, “NCDMB will continue to support similar initiatives that promote local content, drive economic growth, and improve the quality of life of Nigerians.”
Governor, Delta State, Rt. Hon. Sheriff Francis Oborevwori, represented by his Deputy, Chief Monday John Onyeme, expressed happiness that his State is playing host to such an important project which would address the energy needs of Nigerians.
He said the economic importance of the KGG Facility and Nedogas Plant would be best appreciated if placed within the context of the energy crisis in the country.
Citing World Bank statistics, he stated that power supply is so poor that companies spend as much as $29 billion yearly to remain in business, and that “the country is ranked as the lowest in terms of access to electricity globally.”
For his part, the Commission Chief Executive (CCE), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, said the inauguration of the cutting-edge Facility and Plant represents a pivotal milestone for NCDMB and Nedogas.
According to the CCE, represented by Chief Ogunnubi Olusegun, Regional Coordinator of the Commission, “By pushing the boundaries of energy production capacity, you are setting a commendable standard for others to aspire to.”
In his Welcome Address, the Chairman of Nedogas, Emeka C. Ene, expressed appreciation to partners in the two projects that had contributed to the success being celebrated at the commissioning ceremony.
He was particularly impressed with NCDMB’s strategic capacity development initiatives under successive Managements, from Engr. Simbi Wabote to Engr. Felix Omatsola Ogbe.
He said the KGG Facility and Nedogas Plant “align perfectly with the ‘Decade of Gas’ initiative which the Federal Government has continued to promote, noting that the location of the KGG hub, being close to the Delta State Industrial Park, would significantly enhance economic activities and development of the State.
The location, he explained, is also strategic as the Facility would serve as a home, a collection point, to gas from different operating fields.
According to him, “All the stranded gas in the area is to be harnessed for the benefit of the people.”
On the wider significance of the KGG Facility, he noted that “This is a modular plant; it can be replicated 10 times over,” and that similar facilities need to be developed to deal with the 140 flare sites in the oil-producing areas.
Key Project Drivers, as the company explains in its official brochure, are Stranded Gas, Proximity to Market, Evacuation Pipeline, Gas Development and Socio-economic Benefits. In regard to the first above the company states, “Natural gas stranded in OML [oil mining lease] 56 (Kwale area) due to absence of evacuation pipeline,” while noting under Gas Development that “A unique gas development opportunity exists for cluster members using shared facilities to leverage on gas network.”
The Nigerian equities market closed Friday’s trading session on a negative note, with the All-Share Index declining by 0.38 per cent to close at 252,113.41 points.
According to the Nigerian Exchange Group’s Daily Market Snapshot for Friday, September 25, 2026, equity market capitalisation stood at ₦163.65 trillion, representing a 0.01 per cent decline.
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The fixed-income market capitalisation also fell by 0.01 per cent to ₦58.74 trillion, while the market capitalisation of Exchange-Traded Products (ETPs) declined by 2.15 per cent to ₦57.77 billion.
Meanwhile, the top five gainers were led by a stock that rose 10 per cent to close at ₦17.60, followed by CMFC, which gained 9.76 per cent to ₦3.26. Briscoe rose 9.74 per cent to ₦10.70, ABC Transport gained 9.68 per cent to ₦5.10, while Royal Exchange increased by 9.09 per cent to ₦1.08.
The figures were contained in the NGX Daily Market Snapshot released at the close of trading on Friday.
More than 100 Chinese original equipment manufacturers are being wooed for investment, technology and manufacturing capacity to aid growth in Nigeria’s oil and gas industry.
The Nigerian Content Development and Monitoring Board (NCDMB) made the disclosure through its Director, Project Certification and Authorisation Division and Senior Technical Adviser to the Executive Secretary, Austin Uzoka.
This was detailed in a statement issued by the Board which stated that Uzoka was representing the Executive Secretary, Felix Ogbe, at the 15th China Shale Oil and Gas Summit in Chengdu, China, where he made the disclosure.
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According to Ogbe, the board was seeking to move the relationship between Nigerian oil and gas operators and Chinese manufacturers beyond the conventional buyer-seller model to investment, manufacturing, technology transfer and integration into global supply chains.
He said the Nigerian Oil and Gas Content Development Act (NOGCDA) guaranteed patronage for oil and gas equipment manufacturing facilities established in Nigeria, adding that such investments could also provide access to opportunities across the Gulf of Guinea.
“We are looking beyond the traditional buyer-seller relationship. What can we build together? We want Chinese companies to see Nigeria not simply as a market for their products, but as a strategic investment destination, a platform for manufacturing and technology development, and a gateway to opportunities across the wider African market,” he said.
He highlighted the Nigerian Oil and Gas Park Scheme (NOGPS) as a platform for Chinese original equipment manufacturers to establish manufacturing, assembly and service operations in Nigeria.
He said the scheme would provide opportunities for technology transfer, technical arrangements and the integration of Nigerian businesses into the supply chains of Chinese companies.
The ES also identified China’s capabilities in manufacturing, engineering, technology and energy infrastructure as areas that could support Nigeria’s industrial development.
“China has developed tremendous capabilities in manufacturing, engineering, technology and energy infrastructure. We want to explore how those capabilities can be connected with the opportunities that exist in Nigeria, for mutual benefits,” he added.
Nigeria’s local content policy had evolved from increasing Nigerian participation in oil and gas projects to a broader industrial development agenda focused on manufacturing, technology ownership and global competitiveness, he pointed out.
“Nigeria’s local content journey has evolved significantly since the local content law was enacted in 2010. What began primarily as an effort to increase Nigerian participation in the oil and gas industry has developed into a broader industrial development agenda focused on building capabilities, deepening manufacturing, promoting technology ownership and positioning Nigerian businesses to compete within regional and global markets,” he observed.
The engagement formed part of Nigeria’s participation in the 15th China Shale Oil and Gas Summit, held from September 20 to 23 at the Chengdu Century City International Conference Centre.
The summit, themed ‘Empowering Efficient and Green Development via Intelligent Technologies, Innovating to Lead the Shale Oil and Gas Revolution’, provided a platform for Nigerian oil and gas stakeholders to showcase investment opportunities in manufacturing, technology and oil and gas services.
According to the NCDMB, several Chinese OEMs expressed interest in exploring business relationships with Nigerian companies and participating in the country’s growing oil and gas manufacturing ecosystem.
In her closing remarks, the General Manager, Midstream, PCAD, Ms Lekoma Phimia, urged stakeholders to build on the connections established at the session to develop commercially viable and sustainable business relationships.
The NCDMB also used the exhibition to provide prospective investors and industry players with information on Nigeria’s oil and gas sector, local content opportunities and avenues for establishing operations in the country.
The board said the Chengdu engagement was part of efforts to expand Nigeria’s international industrial connections and advance the objectives of the Nigerian Oil and Gas Industry Content Development Act (NOGICDA).
It added that its focus was to move the local content agenda from participation to capability, manufacturing, and ultimately technology ownership and regional competitiveness.
NIPCO Group has announced plans to develop a Floating Liquefied Natural Gas (FLNG) project in Nigeria, with the proposed development estimated to require more than $3bn in investment.
This statement was made at a press conference on Thursday by the Managing Director of NIPCO Group, Nagendra Verma, who said the proposed project would have an envisaged LNG production capacity of approximately three million tonnes per annum, subject to the outcome of feasibility studies, regulatory approvals and a final investment decision.
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Verma said the project, which would mark NIPCO’s entry into the Liquefied Natural Gas (LNG) sector, was being considered for locations in the Escravos area of Delta State and the Akwa Ibom region.
“This proposed development is envisaged to comprise an FLNG facility along with associated marine and export infrastructure with the potential to serve both the international LNG market and growing domestic LNG demand in Nigeria. The proposed project is presently envisaged to produce LNG unified LNG of approximately 3 million L per annum, 3 million metric tons per annum. The proposed development is expected to represent a significant investment currently estimated in excess of $3bn.
“The final location shall be determined subsequent to the ongoing feasibility study. We are looking at strategic locations that will facilitate access to upstream gas resources, LNG processing, marine transportation and both international and domestic markets,” he said.
According to him, NIPCO had been evaluating the proposed FLNG project for the past six to nine months and was currently undertaking preliminary technical, commercial and feasibility assessments.
“We are considering various development concepts, technology solutions, financing structures and commercial options with a view to establishing a technically robust and commercially sustainable project,” Verma said.
He said the proposed development would comprise an FLNG facility alongside associated marine and export infrastructure, with the potential to serve international LNG markets as well as Nigeria’s growing domestic gas demand.
“The project is presently envisaged to have an LNG production capacity of approximately three million tonnes per annum.
“However, this remains subject to the outcome of the ongoing feasibility and technical studies, project economics, regulatory approvals and final investment decisions,” he said.
Verma said NIPCO was also evaluating the shipping and logistics infrastructure required to support both export and domestic LNG supply.
The Managing Director said the ongoing assessment covers upstream gas supply and reserves, FLNG technology and configuration, LNG production capacity, marine and export infrastructure, domestic LNG supply opportunities, shipping and logistics requirements, project economics and financing structure.
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