Table of Contents
Key Points
- NNPC Gas Marketing Limited acquires a 15% stake in Starzs Gas' CNG plant, boosting Nigeria’s clean energy transition.
- Greg Ogbeifun credits daughter Iroghama for leading the company’s shift from maritime logistics to gas infrastructure.
- The Iwhrekan plant will launch in 2026 with a 2mmscf/d capacity, scaling to 5mmscf/d within 18 months.
Nigerian businessman Greg Ogbeifun’s Starzs Gas Limited has sealed a strategic deal with NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited.
NGML has acquired a 15 percent equity stake in Starzs Gas’ compressed natural gas (CNG) mother station in Iwhrekan, Ughelli South, Delta State, in a deal that values the project at $7 million. The investment marks a major push toward boosting domestic gas utilization, supporting industrial growth, and advancing Nigeria’s transition to cleaner energy.
NNPC expands investment in clean energy
Scheduled for commissioning in the first quarter of 2026, the state-of-the-art CNG facility near the NAZ 3 gas plant in Utorogu will begin operations with a capacity of 2 million standard cubic feet per day (2mmscf/d) and expand to 5mmscf/d within 18 months.
For NNPC, the partnership is a step toward ensuring a stable and cost-effective gas supply while aligning with the federal government’s push for CNG adoption. The company is leveraging its industry expertise to accelerate industrial growth and support the country’s energy transition.
A defining moment for Starzs Group
Speaking at the deal signing, Greg Ogbeifun, chairman of Starzs Gas Limited, described the investment as a “generational shift” for the company, which has traditionally focused on maritime logistics. He credited his daughter, Iroghama Ogbeifun, for spearheading the company’s expansion into the gas sector, emphasizing its role in power generation, industrial applications, and auto fuel solutions.
Vice Chairman Iroghama Ogbeifun called the project a key milestone in Nigeria’s clean energy efforts. “This plant represents our commitment to reducing carbon emissions, improving energy accessibility, and driving economic growth,” she said.
A broader push for sustainable energy
Founded in 1986, Starzs Investments Company Limited has long been a leading provider of marine logistics for international and local oil companies. Its expansion into gas infrastructure through Starzs Gas Limited reflects a strategic shift toward supporting Nigeria’s domestic gas market.
As part of the Starzs Group, which operates across maritime logistics, fabrication, and asset management, the company’s latest move aligns with Nigeria’s Decade of Gas initiative—a national drive to expand power access, promote industrialization, and scale up CNG adoption. By securing a stake in the CNG facility, NNPC strengthens its role in Nigeria’s energy sector, reinforcing the country’s commitment to cleaner, more sustainable fuel alternatives
