{"id":12295,"date":"2022-05-26T12:13:01","date_gmt":"2022-05-26T12:13:01","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=12295"},"modified":"2022-05-26T12:13:01","modified_gmt":"2022-05-26T12:13:01","slug":"nigeria-falcon-corporation-nd-western-fhn-consortium-sign-gas-infrastructure-development-agreement-with-lagos-free-zone","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-falcon-corporation-nd-western-fhn-consortium-sign-gas-infrastructure-development-agreement-with-lagos-free-zone\/","title":{"rendered":"NIGERIA: Falcon Corporation, ND Western &#038; FHN Consortium Sign Gas Infrastructure Development Agreement with Lagos Free Zone"},"content":{"rendered":"<p>A consortium of Falcon Corporation, ND Western Midstream Limited &amp; FHN Gas Limited, has been selected to build exclusively, own, and operate a NaturalGas distribution infrastructure network within the\u00a0<span class=\"il\">Lagos<\/span> Free Zone (LFZ). To actualize this opportunity, the Consortium shall incorporate a Special Purpose Vehicle (SPV): Optimera Energy LFZ Enterprise (Optimera Energy) within the\u00a0<span class=\"il\">Lagos<\/span>\u00a0Free Zone (LFZ).<\/p>\n<p>The consortium parties signed a Gas Infrastructure Development Agreement with the\u00a0<span class=\"il\">Lagos<\/span>\u00a0Free Zone to formalize this engagement. The signing ceremony was held on Monday, May 16, 2022 at the Corporate Head Office of LFZ in Victoria Island,\u00a0<span class=\"il\">Lagos<\/span>.<\/p>\n<p>At the event, Mrs. Audrey Joe-Ezigbo, MD, Optimera Energy, said, \u201cThe Optimera consortium is made up of like-minded shareholders passionate about a common goal: accelerating the further growth of domestic gas utilization in Nigeria. Having reliable dedicated gas supply infrastructure installed in the LFZ adds tremendous value to existing industrial concerns and will increase the Zone\u2019s attractiveness to future customers.\u201d<\/p>\n<p>Ezigbo noted that the endeavour would be a big step towards actualizing the objectives of the \u2018Decade of Gas\u2019 initiative, of which gas-based industrial growth is a significant part. \u201cThe Petroleum Industry Act (PIA) provides the necessary regulatory environment for projects such as these to succeed in Nigeria. We look forward to working collaboratively with the Nigerian Midstream &amp; Downstream Regulatory Authority (NMDPRA) in this project\u2019s development and operation phases.\u201d<\/p>\n<p>\u201cThe Consortium members bring over 50 years of experience and expertise in operating across the Natural Gas value chain from upstream production in the Niger Delta to downstream distribution to industries in\u00a0<span class=\"il\">Lagos<\/span>. Our dedicated Project Team will work diligently with a strict adherence to the highest standards of safety, operational excellence, and regulatory compliance to deliver this project on time and under budget, as we have done within our respective portfolios.\u201d<\/p>\n<p>The Managing Director &amp; CEO of LFZ, Mr. Dinesh Rathi, during his interaction with the press, remarked, \u201cIn our continued efforts at\u00a0<span class=\"il\">Lagos<\/span>\u00a0Free Zone to provide a world-class industrial ecosystem that enhances the competitive positioning of Nigeria as a manufacturing hub, our partnership with the consortium of Falcon Corporation, ND Western Midstream Limited &amp; FHN Gas Limited, is a landmark development.<\/p>\n<p>With Lekki Port\u2019s construction slated to be completed in December 2022, we needed to secure a reliable arrangement to meet the energy needs of our fast-growing tenant base, and we are confident that our partnership with the Consortium would help us realize the same. This is a unique transaction in the history of Nigeria\u2019s downstream sector wherein a consortium formed of reputable upstream, midstream, and downstream companies have come together to ensure gas supply to LFZ, the sunrise economic epicentre of West Africa. Under this arrangement, the Consortium, through their special purpose vehicle, Optimera Energy, would deliver uninterrupted piped gas by early 2024 to all the enterprises within the\u00a0<span class=\"il\">Lagos<\/span>\u00a0Free Zone. We welcome the Consortium on this collective journey towards unlocking Nigeria\u2019s true potential.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A consortium of Falcon Corporation, ND Western Midstream Limited &amp; FHN Gas Limited, has been selected to build exclusively, own, and operate a NaturalGas distribution infrastructure network within the\u00a0Lagos Free &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-falcon-corporation-nd-western-fhn-consortium-sign-gas-infrastructure-development-agreement-with-lagos-free-zone\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":12296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,11,7444],"tags":[10511,10513,10514,10512,10517,10516,10515],"class_list":["post-12295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-top-news","category-west-africa","tag-falcon-corporation","tag-fhn-gas-limited","tag-lagos-free-zone","tag-nd-western-midstream-limited","tag-nmdpra","tag-optimera-energy","tag-optimera-energy-lfz-enterprise","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/05\/Optimera-Energy.png?fit=844%2C568&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3cj","jetpack-related-posts":[{"id":12378,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-savannah-energy-makes-first-gas-sales-to-the-central-horizon-gas\/","url_meta":{"origin":12295,"position":0},"title":"NIGERIA: Savannah Energy Makes First Gas Sales to the Central Horizon Gas","author":"","date":"June 27, 2022","format":false,"excerpt":"Savannah Energy has announced that Accugas Limited, the Company's 80% indirectly owned subsidiary, has commenced gas sales to Central Horizon Gas Company Limited (CHGC), a subsidiary of Axxela Limited (Axxela), and a major gas distribution company situated in the South-South region of Nigeria. As previously announced in February 2022, Savannah\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/Savannah-Energy.png?fit=458%2C358&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":9727,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-shell-nigeria-gas-nigerian-gas-marketing-corp-seal-gas-distribution-deal\/","url_meta":{"origin":12295,"position":1},"title":"NIGERIA: Shell Nigeria Gas, Nigerian Gas Marketing Corp seal Gas Distribution Deal","author":"","date":"January 19, 2021","format":false,"excerpt":"The Shell Nigeria Gas (SNG) has signed a 20-year agreement for the domestic distribution of gas to industrial customers and manufacturing plants in Lagos and Ogun States in south-western Nigeria. According to the new deal with the Nigerian Gas Marketing Corporation (NGMC), Shell Nigeria Gas will also extend its distribution\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/01\/Nigeria-NMGC.png?fit=557%2C359&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/01\/Nigeria-NMGC.png?fit=557%2C359&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/01\/Nigeria-NMGC.png?fit=557%2C359&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":11871,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-savannah-energy-signs-gsa-with-the-central-horizon-gas-company\/","url_meta":{"origin":12295,"position":2},"title":"NIGERIA: Savannah Energy Signs GSA with the Central Horizon Gas Company","author":"","date":"February 21, 2022","format":false,"excerpt":"Savannah Energy has announced that its Accugas subsidiary has entered into a new gas sales agreement (GSA) with the Central Horizon Gas Company (CHGC), a subsidiary of Axxela Limited (\"Axxela\"), and a major gas distribution company situated in the South-South region of Nigeria. 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