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NIPCO CNG Conversion Intelligence Oil & Gas

Nigeria’s fuel marketers turn to gas as downstream market shifts

Nigeria’s downstream energy market is shifting towards natural gas as fuel retailers expand beyond petrol and diesel into CNG, LPG, gas infrastructure and upstream supply. The retailers are quickly seeking growth following new market trends reshaped by deregulation and changing fuel economics in Nigeria and globally. Recently, the NIPCO Group, and Ardova Plc made substantial […]

Deals Oil & Gas Renewables

Ardova-led Consortium Buys Powergas as CNG Demand Grows

Infrastructure fund manager A.P. Moller Capital is selling its Nigerian compressed natural gas business, Powergas, to a consortium led by Ardova as demand for CNG continues to grow across Africa’s most populous country. The consortium, which also includes Diadem Energy, will acquire Powergas Global Investments Nigeria and Powergas Ebedei for an undisclosed sum. The businesses […]