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Dangote Acquires Gas Firm In The Netherlands

The management of Dangote Industries Limited on Sunday 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. .

It said 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 u nlock about three billion cubic feet per day of gas in order to meet Nigeria’s gas needs.”

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