THE Nigeria National Petroleum Company (NNPC) Limited says it will set up 100 compressed natural gas (CNG) stations across the country.
The Managing Director of NNPC Retail Limited, Huub Stokman said this on Thursday during the simultaneous commissioning of 12 CNG stations in Abuja and Lagos.
He said in the next year, NNPC Retail would have launched over 100 CNG sites, including 16 NNPC Gas Marketing and NIPCO Gas JV sites.
According to him, the product is 40% cheaper than petroleum.
“CNG provides Nigeria with affordable alternatives to existing available fuel products. It will be about 40% cheaper than petrol in Nigeria and with continued investments, it will become a significant part of our energy mix,” Stokman was quoted as saying in a statement by the NNPCL’s Chief Corporate Communications Officer Olufemi Soneye.
