Nigeria’s Government Grants Ohuru Trading Limited First Wholesale Gas Supply License for 500 Million Cubic Feet of Gas per Day, Enhancing Gas Utilization in Accordance with the Petroleum Industry Act (PIA).
Section 142 of the PIA provides for the issuance of such licenses to guide commercial activities along the gas value chain. The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, presented the license to Ohuru Trading Limited in Abuja on Saturday.
This Wholesale Gas Supply Licence allows Ohuru Trading Limited to sell and deliver wholesale gas to wholesale customers and natural gas distributors at any location in Nigeria. It is seen as a significant milestone that will attract investments and contribute to the growth of the domestic economy while improving living conditions for Nigerians.
The Chief Commercial Officer of Ohuru Trading Limited, Mariah Lucciano-Gabriel, expressed the firm’s readiness to sell gas on a wholesale basis with the newly acquired license.
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