Nigeria, June 18 -- The Presidential Compressed Natural Gas Initiative (PCNGI) on Tuesday launched the implementation of a concessionary pricing framework for Compressed Natural Gas (CNG) in the automotive sector.

Speaking at the mobility CNG supply framework kick-off event in Abuja, on Tuesday, the Programme Director/Chief Executive of PCNGI, Michael Oluwagbemi, said the concessionary pricing structure for autogas CNG approved by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), last year allows autogas CNG to be priced as a strategic industry, much lower than gas for power or industries.

"What we are doing here today is to flag off the implementation of that concessionary pricing framework, because it was ...