763: Andrew Knott of Savannah Energy announces first gas sales to the Central Horizon Gas Company

The Vox Markets Podcast

Andrew Knott, CEO of Savannah Energy #SAVE announces first gas sales to the Central Horizon Gas Company, a subsidiary of Axxela Limited, a major gas distribution company situated in the South-South region of Nigeria.

Highlights

As previously announced in February 2022, Savannah signed an interruptible gas sales agreement ("GSA") with CHGC to supply up to 5 MMscfpd daily for an initial one-year period. CHGC operates a 17km gas pipeline infrastructure network with a throughput capacity of 50 MMscfpd, which provides natural gas to industrial and commercial customers in the Trans Amadi Industrial Area of Port Harcourt as well as the Greater Port Harcourt Area, Nigeria.

CHGC is majority owned and controlled by Axxela, which delivers natural gas to over 185 industrial and commercial customers via its gas infrastructure network across cities in Nigeria including Lagos and Port Harcourt.

To read the full RNS click HERE