January 12, 2018 12:30AM / Axxela
Limited, (“Axxela”), sub-Saharan Africa’s preferred and fast-growing gas &
power portfolio company, is set to expand its gas supply footprint across the
West African region following its recent qualification as a Shipper on the West
African Gas Pipeline (WAGP).
appointment follows an extensive due diligence process conducted by the West
African Gas Pipeline Company (WAPCo) and approval by the West African Gas
Pipeline Authority (WAGPA). Axxela’s new shipper status marks a significant
milestone in the company’s decade-plus business development activities within
WAGP is a 678 kilometer pipeline that connects the existing Escravos-Lagos
Pipeline System (ELPS) from Itoki, Nigeria and extends along the West African
coast, terminating in Takoradi, Ghana. The pipeline has gas delivery laterals
from the main line extending into Benin, Togo, and Ghana.
its newly acquired shipper status, Axxela will extend its gas advantage to
identified customers in the neighboring West African countries with a target to
deliver over 100 million standard cubic feet per day (“mmscf/d”) via the
pipeline to fuel power plants, commercial entities and residential homes.
CEO, Bolaji Osunsanya, said: “This is a significant achievement in the vista of
our operations and speaks to our position as pioneers in the industry. As WAGP
shippers, we expect to monetize gas resources in the West African region,
increase the throughput on the WAGP, and thereby reduce the applicable unit
transportation tariff. Axxela is committed to providing cleaner and
cost-effective fuel for power generation to spur industrial growth and economic
empowerment across the sub-region.”