Oyo State’s Gas Revolution: $100 Million Deal Signed with Shell Nigeria Gas

“Oyo State Government and Shell Nigeria Gas Ink $100 Million Gas Infrastructure Deal in London”

London witnessed a significant milestone as the Oyo State Government and Shell Nigeria Gas finalized a groundbreaking investment agreement for the Oyo State Government-Shell Nigeria Gas Infrastructure Development and Distribution project. Valued at approximately $100 million, this transformative initiative encompasses the construction of a Pressure Reduction and Metering Station (PRMS) alongside pipeline installation by Shell Nigeria Gas (SNG), operating under a Build-Own-Operate-Transfer (BOOT) framework. Notably, ownership of the infrastructure will transition to Oyo State after a 20-year period.

This strategic collaboration aims to bolster gas distribution across various sectors including industrial, manufacturing, commercial entities, and independent power projects within Oyo State. The anticipated commencement of gas flow within 18 months heralds a new era of economic growth and energy sustainability for the region.

The announcement was shared via the official social media platform of Oyo State Governor, Engineer Seyi Makinde, signaling a significant step towards fulfilling the state’s developmental objectives and fostering partnerships to drive progress and prosperity.

Photo Credit: Governor Makinde’s Instagram page