{"id":12928,"date":"2023-12-30T11:29:04","date_gmt":"2023-12-30T11:29:04","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=12928"},"modified":"2023-12-30T11:30:16","modified_gmt":"2023-12-30T11:30:16","slug":"jeniks-group-expands-strategic-gas-partnership-with-qatar-for-gas-investment-in-africa","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2023\/12\/30\/jeniks-group-expands-strategic-gas-partnership-with-qatar-for-gas-investment-in-africa\/","title":{"rendered":"Jeniks Group Expands Gas Partnership with Qatar for African Investment"},"content":{"rendered":"
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Jeniks Energy Group, in collaboration with Qatar Gas conglomerate, is finalizing a gas aggregation investment deal in Africa. The Nigerian Investment Promotion Commission (NIPC) Act of 1995, as revised in 2004, allows for 100% foreign ownership in various sectors, including the gas sector.<\/p>\n

The Qatari government’s investment arm has entered into a strategic deal with Jeniks Energy Group to invest in Africa’s gas sector, focusing on gas reserves acquisition, Liquefied Natural Gas (LNG), and Liquefied Petroleum Gas (LPG) projects in 11 African countries, including Ghana, Kenya, Nigeria, Angola, and others.<\/p>\n

The partnership involves an estimated $15 billion investment, with an initial investment of $6 billion from the Qatar group to kickstart the projects. Jeniks Energy Group, led by Chairperson Princes Osifo, has been working with experts and consultants in the energy sector to actualize this massive gas investment deal. The project is expected to deepen natural gas utilization, boost investment in power and gas-based sectors, and contribute to Nigeria’s revenue and job creation.<\/p>\n

Princess Osifo, positioning herself as a key player in the gas sector, has also been investing in the downstream sector of oil and gas, including the acquisition of vessels for crude and refined products transportation. The Qatar-Jeniks Africa Gas Project is viewed as a major endorsement of Jeniks Energy Group’s leadership and the African gas and energy market.<\/p>\n

Qatar, a global LNG investor, adheres to highly regulated global best practices and standards. The investment deal, initiated by Jeniks and Qatar group, aims to tap into Africa’s vast and largely untapped gas reserves, aligning with local players and Nigeria’s domestic gas utilization agenda. The project is expected to be completed in the first quarter of 2024, with a significant milestone anticipated by the end of the current month.<\/p>\n

This strategic move comes at a time when global energy investment in renewable and clean energy technologies is crucial, and Jeniks Energy Group’s decision to refocus its attention and strategic investments in gas aligns with this global trend. The private initiative between Qatari investors and Jeniks is expected to re-energize the energy sector in Nigeria and other African countries, contributing to the development of gas reserves and infrastructure.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Jeniks Energy Group, in collaboration with Qatar Gas conglomerate, is finalizing a gas aggregation investment deal in Africa. The Nigerian Investment Promotion Commission (NIPC) Act of 1995, as revised in 2004, allows for 100% foreign ownership in various sectors, including the gas sector. The Qatari government’s investment arm has entered into a strategic deal with […]<\/p>\n","protected":false},"author":12,"featured_media":12929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180],"tags":[],"class_list":["post-12928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/12928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=12928"}],"version-history":[{"count":4,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/12928\/revisions"}],"predecessor-version":[{"id":12954,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/12928\/revisions\/12954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/12929"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=12928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=12928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=12928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}