Tetracore Energy has announced a significant expansion of its compressed natural gas (CNG) facility, located in Atakobo on the Benin-Sagamu Express Road in Ogun State, increasing its current capacity of 3.1 MMSCFD to 6.2 MMSCFD.

The milestone reinforces Tetracore’s position as a key player in Nigeria’s energy transition efforts, its commitment to energy infrastructure development and meeting the rising demand for cleaner energy solutions.

The expansion project demonstrates the potential for rapid scalability in energy infrastructure development when private entities collaborate toward a shared objective, the company said.

The approach needs to be replicated extensively to bridge the energy infrastructure gap. Tetracore and Bill Gas Solutions Limited have entered into a joint venture aimed at delivering the planned expansion volumes by Q1 of 2025. Bill Gas is a subsidiary of Vita Energy, a multinational energy company primarily involved in the wholesale distribution and trading of petroleum products and liquefied natural gas (LNG).

This collaboration leverages the expertise and resources of both companies to create a robust CNG supply chain, enabling businesses and industries to transition to cleaner energy sources effectively, the company said in a statement.

Over the next nine months, it said, the partnership will deploy nearly $30 million to develop CNG infrastructure nationwide, driving sustainable energy adoption and supporting Nigeria’s clean energy goals.

With the expanded CNG capacity, Tetracore said it aimed to enhance its ability to meet industrial and commercial energy needs while supporting the goals of President Bola Ahmed Tinubu’s Presidential CNG Initiative (Pi-CNG).

Speaking on the development, CEO of Tetracore Energy, Olakunle Williams, said: “This expansion and the associated partnerships underscore our dedication to providing scalable, innovative energy solutions.

By doubling our CNG capacity and strengthening collaborations, we are poised to meet the growing demand for cleaner energy across Nigeria while supporting economic growth and environmental sustainability.”

He said the project aligns with Tetracore’s broader vision of driving sustainable energy solutions through strategic alliances and technological innovation as the expanded facility would not only serve Tetracore’s growing portfolio but also empower Bill Gas to deliver on its mission of transforming Nigeria’s energy landscape.

Managing Director of Bill Gas, Simon Wu, also expressed: “The partnership is important because we witnessed the signing of the joint venture agreement. We would like to thank our reliable partner Tetracore for the opportunity to contribute to the gas strategy of Nigeria, which will benefit the society and people. I am happy to announce that Bill Gas CNG operation will start by the end of January 2025.”