Nigeria Billionaire, Dangote Buys Gas Firm In Netherland (see details)

The management of Dangote Industries
Limited has announced that it had completed
the acquisition of Twister BV, a company in
the Netherlands, as part of its strategy to
meet Nigeria's gas needs.


According to a statement by Dangote,
Twister BV provides robust solutions in
natural gas processing and separation to the
upstream and midstream oil and gas
sectors. Twister's separation capabilities were
designed to augment production and
streamline processes to capitalise on high-
yield gas processing for maximising
revenues.
Twister BV used to be owned by Shell
Technology Ventures Fund 1 before its
recent acquisition by DIL and its partner,
First E&P, the statement said.

The President, Dangote Industries Limited,
Aliko Dangote, was quoted as saying:
“This was an important acquisition for us.
Twister's cutting-edge gas processing
technology is fundamental to delivering our
strategy to unlock about three billion cubic feet per day of gas in order to meet
Nigeria's gas needs.