OCTAGRAM Fusion CNG and ONDIPA announce agreement to develop 9 MMSCFD CNG mother station in Ondo
“We welcome this project and look forward to supporting its successful development in accordance with the applicable regulatory framework” The post OCTAGRAM Fusion CNG and ONDIPA announce agreement to develop 9 MMSCFD…
The agreement fits into Nigeria's ongoing push to expand compressed natural gas (CNG) as a cheaper, cleaner alternative to petrol and diesel for transport and industry, a drive that gained momentum under the federal government's Presidential CNG Initiative following the removal of petrol subsidies. Mother stations like the one proposed for Ondo State serve as central compression and distribution hubs, supplying smaller daughter stations and reducing the logistics bottlenecks that have slowed CNG rollout across the country. States have increasingly sought private investment partnerships to build out this infrastructure, with investment promotion agencies such as ONDIPA positioned to attract and facilitate such deals.
Both Vanguard and Nairametrics report the agreement in similar terms, citing OCTAGRAM as a Nigerian energy infrastructure developer and ONDIPA as the state's investment promotion vehicle, with a quoted commitment to work "in accordance with the applicable regulatory framework." Neither report specifies a timeline for construction, the project's funding structure, or when the station is expected to become operational, details likely to emerge as the partnership progresses.