Nigerian Axxela, formerly Oando, to start supplying Togo with gas via the West African Gas Pipeline

Oil and gas

Monday, 10 December 2018 16:58

Nigerian Axxela, formerly Oando, to start supplying Togo with gas via the West African Gas Pipeline

(Togo First) - Nigerian natural gas supplier Axxela, formerly Oando Gas and Power, will supply Togo via the West African Gas Pipeline (WAGP). The related agreement was recently signed in Accra, Ghana, with the pipeline’s operator, West African Gas Pipeline Company (WAGPCO).

Under the new partnership, Axxela will deliver 15 million standard cubic feet or 425,000 cubic meters of natural gas to Lomé, every day, via the WAGP.

Once the gas reaches Togo’s capital, it will first be used to increase the number of gas-fired generators powering the ContourGlobal thermal plant. Already, last June 8, Togo’s power utility CEET inked with Axxela a supply deal under which the Nigerian firm supplied the plant’s generators with natural gas. According to reliable sources, the Kékéli power plant that is expected to come online end-2020 will also run on Nigerian natural gas.

In January 2018, after it got the green-light to distribute gas via the West African Gas Pipeline, Axxela revealed its plans to expand its footprint across the West African sub-region.

Leveraging its new supplier status, Axxela wants to supply more than 100 million standard cubic feet of natural gas per day to thermal plants, businesses and others, in West Africa. “This is a significant achievement in the vista of our operations and speaks to our position as pioneers in the industry. As WAGP shippers, we expect to monetize gas resources in the West African region, increase the throughput on the WAGP, and thereby reduce the applicable unit transportation tariff. Axxela is committed to providing cleaner and cost-effective fuel for power generation to spur industrial growth and economic empowerment across the sub-region”, said Axxela’s CEO, Bolaji Osunsanya.

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REFORMS OVERVIEW

STARTING A BUSINESS (more info)

At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

TRADING ACROSS BORDERS (more info)

In comparison to previous years,Togo has significantly improved its ranking under the“Trading across borders” indicator by adopting multiple reforms that focus mainly on the digitization and reduction in delays, for import and export procedures related to import and export.

In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

CONSTRUCTION PERMIT (more info)

After moving from the 133rd to 127th place under the 2020 Doing Business’ construction permit index, Togo intends to reiterate this feat in the coming edition of the global ranking. To this end, it has introduced this year multiple reforms.

GETTING ELECTRICITY (more info)

Over the past two years, Togo’s ranking under the Doing Business’ Getting electricity and water indicator has increased consistently. Owing this performance to multiple reforms aimed at making it easier for businesses to access power and water, Lomé plans to introduce even more reforms this year to keep up its improvements.

REGISTERING A PROPERTY (more info)

Out of all the 'Doing Business’ indicators, Property Registration is where Togo has improved the most since 2018. Indeed, after spending years in the lowest part of this ranking, the country now seeks to beat Rwanda which is the best performer on this index in Africa. To do so, Lomé has been introducing many reforms, with the latest batch implemented this year.

PUBLIC PROCUREMENT (more info)

From professionalization to digitization, through legislative regulations, Togo’s public procurement framework is constantly being modernized. Several reforms have been implemented to improve the sector much to the benefit of the private sector, which is the focus of the National Development Plan.

PAYING TAXES AND DUTIES (more info)

To improve its business environment, Togo introduced some important reforms related to the payment of tax and duties. From the replacement of some taxes to the cancellation of others through exemptions, the country has only one objective: offer the most attractive tax framework to investors and economic operators. To achieve this, the authorities relied on digitization.