Tinubu commissions WAGL’s 40,000 CBM LPG Vessel in South Korea

President Bola Ahmed Tinubu on Tuesday commissioned of a Forty Thousand (40,000) cubic meters (CBM) Liquefied Petroleum Gas (LPG) vessel, christened “MT Iyaloja (Lagos),” in Ulsan, South Korea.

the President, accordingly, reaffirmed Nigeria’s commitment to deliver clean and sustainable energy solutions not just in-country but also across Africa and beyond.

The vessel owned by WAGL Energy Limited, an NNPC Ltd. and Sahara Group Joint Venture 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.

President Tinubu, represented by the Minister of State for Petroleum Resources (Gas) , Ekperikpe Ekpo, commended the joint venture partners for their strategic foresight, technical excellence and unwavering dedication to expanding Africa’s role in the global clean energy value-chain.

Group Chief Executive Officer (GCEO) of NNPC Ltd., Bashir Bayo 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 and 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.