By Akwang Umoetuk
London, UK – Nigeria’s gas sector has recorded another significant milestone as indigenous energy firm, Temile Development Company Ltd (TDC), sealed a landmark contract with South Korea’s Hyundai Heavy Industries (HHI) for the construction of an 88,000 cubic meter Very Large Gas Carrier (VLGC).
Valued at over $250 million, the deal was formalized on Wednesday in London and accompanied by a construction supervision contract with NLNG Shipping & Marine Limited (NSML). This latest transaction brings Temile’s total investment in Nigeria’s gas value chain to over $450 million in just four years.
Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, who witnessed the signing ceremony, hailed the agreement as a bold step toward achieving the goals of the “Decade of Gas” policy. He commended Temile for its unwavering commitment to indigenous participation in the energy sector, describing the development as a testament to Nigeria’s capacity to lead energy transition efforts.
“This project marks a strategic investment that reinforces local participation in a sector critical to our national economic diversification agenda,” said Ekpo. “It is not just an investment in infrastructure, but a powerful vote of confidence in Nigeria’s gas potential.”
He further emphasized the Federal Government’s resolve to provide the necessary support and incentives to foster growth, stimulate the economy, eradicate poverty, and create wealth—pillars of President Bola Tinubu’s Renewed Hope Agenda.
Ekpo also urged industry stakeholders to embrace collaboration, innovation, and local content development, underscoring their role in driving sustainable growth.
CEO of Temile Development Company, Mr. Alfred Temile, reiterated the company’s commitment to expanding Nigeria’s gas infrastructure and deepening its role in the country’s energy future.
“TDC remains highly committed to driving critical investments in alignment with the Decade of Gas initiatives,” said Temile, expressing gratitude to Minister Ekpo and all stakeholders who facilitated the successful execution of the deal.
The new VLGC, once completed, is expected to significantly enhance Nigeria’s capacity to transport liquefied petroleum gas (LPG), thus contributing to domestic energy security and the country’s growing profile as a key player in the global gas market.
