By Ayomide Otitoju
WAGL Energy Limited, a joint venture between the Nigerian National Petroleum Company (NNPC) Limited and Sahara Group, has announced a major expansion of its fleet capacity, which now exceeds 160,000 cubic meters.
The announcement was made on Monday via NNPCL’s official , where the company said the development reinforces WAGL Energy’s role as one of Africa’s leading suppliers of Liquefied Petroleum Gas (LPG). NNPCL added that the move aligns with its vision of providing sustainable and affordable energy solutions for homes, businesses, and industries across the continent.
“WAGL Energy Limited now boasts a robust fleet exceeding 160,000 cubic meters, driving Africa’s access to reliable and clean energy through sustainable LPG supply,” NNPCL said in the statement.
WAGL Energy is central to NNPCL’s five-year, $1 billion investment plan designed to accelerate Nigeria’s “Decade of Gas” programme and advance the nation’s energy transition agenda. Incorporated in 2013, the company was established to serve as a vehicle for the offtake, marketing, and trading of Nigeria LNG’s natural gas liquids under the equity lifting scheme.
The joint venture has steadily expanded its infrastructure investments in recent years. In May 2022, NNPCL and Sahara Group took delivery of two 23,000 cubic meter LPG carriers — MT BARUMK and MT SAPET — from Hyundai MIPO Shipyard in Ulsan, South Korea, raising their joint venture investment to over $300 million. The partners are targeting $1 billion in gas infrastructure commitments by 2026.
In July 2024, NNPCL subsidiary, Nigerian Pipelines and Storage Company Limited (NPSC), signed an agreement with WAGL Energy for the provision of operations and maintenance services at the Escravos Crude Oil Terminal in Delta State.
The expansion also supports Nigeria’s LPG Penetration Framework and LPG Expansion Plan, which aim to boost consumption to 5 million metric tonnes by 2025 by promoting the use of gas in households, power generation, transportation, and industry.
