A consortium led by Ardova Plc has agreed to acquire Powergas Global Investments Nigeria Limited and Powergas Ebedei Limited, collectively known as Powergas. Powergas, founded in 2013 by the Clean Energy Group, is one of Africa's largest CNG producers and virtual pipeline distributors, pioneering the delivery of natural gas beyond the pipeline grid. The acquisition is a strategic move by Ardova to strengthen its position in Nigeria's CNG market and expand its footprint in the gas and energy sector. Nigeria holds Africa's largest proven gas reserves and faces pressure to monetise them, while transport costs have pushed fleet operators to seek alternatives.
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