Ardova Plc and Diadem Energy have moved to acquire 100 per cent of Powergas, one of Africa's largest compressed natural gas producers and virtual-pipeline operators. The proposed acquisition will combine Powergas' gas compression infrastructure and customer base, Diadem Energy's virtual-pipeline logistics operations, and Ardova's nationwide retail and distribution network. The consortium aims to create an integrated platform to expand access to domestic natural gas beyond Nigeria's conventional pipeline grid, targeting 100 CNG stations. Diadem Group announced that Diadem Energy and Ardova had agreed to acquire Powergas Global Investments Nigeria Limited and Powergas Ebedei Limited from Africa Infrastructure.
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