As part of its strategies to meet
Nigeria’s gas requirements,
Dangote Industries Limited
(DIL) has completed the
acquisition of a gas plant,
Twister B.V., a company
headquartered in The
Netherlands. A statement made
available to New Telegraph
yesterday said the acquisition
would complement DIL’s
portfolio of investments in the
upstream, midstream and
downstream segments of oil
and gas sector. The company
was formerly owned by Shell
Technology Ventures Fund 1
before its recent acquisition by
DIL together with its partner –
First E&P.
It is expected to help design
and build the plants that are
critical in processing gas from
oil fields for transportation via
Dangote’s planned sub-sea
pipeline for ultimate
consumption by various
industries and power plants.
Speaking on the new deal,
President/Chief Executive
Officer, Dangote Industries
Limited, Aliko Dangote, said:
“This was an important
acquisition for us. Twister’s
cutting edge gas processing
technology is fundamental to
delivering our strategy to
unlock about three bcfd of gas
in order to meet Nigeria’s gas
needs.”
On his part, Twister’s CEO,
John Young, said: “We are
delighted in the confidence DIL
and First E&P have shown in
Twister to be their core
provider of gas separation
solutions. After a very thorough
due diligence, our technology
has been recognised as a key
enabler to reduce gas project
costs, which is crucial in this
current environment.
We are excited to be part of the
Dangote family of companies.”
According to the statement,
Twister B.V. delivers reliable,
high-yield and robust solutions
in natural gas processing and
separation to the upstream and
midstream oil and gas sectors.
Based on sophisticated
patented technology, Twister
gas plants are typically cheaper
to build and operate compared
with alternative technologies. It
also delivers better
performance levels. The
company has customers in
Nigeria, Malaysia and South
America.
Source: newtelegraphonline
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