A member of the House of Representatives, representing Ideato North/South federal constituency of Imo State, Hon. Ikenga Ugochinyere Ikeagwuonu, has hailed Nigerian billionaire businessman, Benedict Peters, and Mozambique government, over the breakthrough on Mazenga gas block, the largest onshore gas reserve in Sub-Saharan Africa.
Recall that Aiteo Group, a Nigerian conglomerate owned by Peters, secured a major stake in a potentially gas-rich exploration licence onshore Mozambique.
Reacting to the feat, Ugochinyere, in a statement, lauded Aiteo Group, saying that expansion of its portfolio by securing a significant stake in Mozambique’s Mazenga gas block will make Africa witness clean energy transition with indigenous companies.
He noted that Peters’ decision to go into Mozambique’s energy sector was highly commendable as exploration and production is one of many industrial pies that the Lagos-based company has its fingers on.
He commended Peters for his consistent growth and diversification as an entrepreneur, adding that he took all foundational knowledge about Nigeria and Africa’s energy sectors and made it his own.
He said, “I commend my brother, Benedict Peters, and Mozambique government over breakthrough on Mazenga gas block, the largest onshore gas reserve in Sub-Saharan Africa. With this significant stake in Mozambique’s Mazenga gas block secured, Africa will witness clean energy transition with indigenous companies.
“I also commend Aiteo for swiftly launching an intensive development programme, includes aeromagnetic and gravitational geological studies, thorough field inspections, and the reinterpretation and processing of existing data. This emphasises the company’s commitment to a robust investment in gas development initiatives.
“Peters has played an outstanding role in the development of the Nigerian oil and gas industry. Aiteo is a large indigenous group that has become one of the most successful energy providers in Nigeria and a major player in the international market. Peters commands a wealth of experience in the oil and gas industry and has earned much credit for empowering Nigeria to develop its energy infrastructure towards assuming control of its natural resources. Under his leadership, the company has recorded consistent growth with diversified holdings that have given it considerable influence across the energy marketplace.”