NNPC, Sahara unveil new 40,000 cubic metre LPG vessel in South Korea

Nigeria is ready to deliver clean and sustainable energy solutions at home, across Africa, and globally, President Bola Tinubu declared on Monday.

The President made the remarks at the commissioning ceremony of a 40,000 cubic meters Liquefied Petroleum Gas vessel, christened “MT Iyaloja (Lagos),” in Ulsan, South Korea.

According to a statement by the Nigerian National Petroleum Company Limited in Abuja, the vessel, owned by WAGL Energy Limited, a joint venture between NNPC Ltd. and Sahara Group, is a dual-fuel, fully refrigerated LPG carrier.

This latest addition brings WAGL’s total LPG vessel capacity to 162,000 CBM

Other vessels in the fleet include MT Africa Gas, MT Sahara Gas, MT BaruMK, and MT Sapet.

Represented by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, the President commended WAGL Energy Limited, NNPC Limited and Sahara Group, for their strategic foresight, technical excellence and unwavering dedication to expanding Africa’s role in the global clean energy  value-chain.

In his remarks, Group Chief Executive Officer of NNPC Ltd, Bashir Ojulari, described WAGL’s LPG Vessel as a great addition to gas development efforts in Nigeria.

The GCEO, represented by the Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye, added that the vessel will be crucial in realising the impact of gas in Nigeria’s economic development.

According to him, NNPC Ltd. is deepening its commitment to ensure LPG affordability, availability and access, nationwide.

“NNPC Ltd. is proud to be a major shareholder in this indigenous Company which

In addition to the newly commissioned MT Iyaloja (Lagos), which owns four other LPG vessels in its growing fleet, delivering over 6 million MT of LPG across West Africa over the last 5 years,” he added.

Also speaking, WAGL’s Chairman/Executive Director at Sahara Group, Temitope Shonubi, noted that the company’s expansion demonstrates its vision of responsibly driving efforts to bridge the continent’s critical energy infrastructure gap.

“The addition of MT Iyaloja (Lagos) embodies the spirit of progress and empowerment championed by the iconic Alhaja Abibatu Mogaji, whose legacy we honour. Sahara Group is proud of its partnership with NNPC Ltd. and reaffirms its commitment to partnerships that drive energy access in Africa,” he added.

WAGL’s Managing Director, Mohammed Sani Bello stressed that the company is dedicated to expanding its integrated supply network across the entire energy value chain.

WAGL already has plans to further expand the fleet within the next two years with the addition of a Small Gas Carrier and a Very Large Gas Carrier,” he added.

The symbolic ribbon cutting of MT Iyaloja (Lagos) named in honour of Alhaja Abibatu Mogaji, (the late mother of President Bola Ahmed Tinubu), was performed by her granddaughter, the Iyaloja-General of Nigeria, Alhaja Folasade Mujidat Tinubu-Ojo.