Africa-Press Nigeria:<\/p>\n
AS part of efforts to boost the economic strength of the SouthEast, the Nigerian National Petroleum Corporation (NNPC) and the Gas Aggregation Company of Nigeria (GACN) said they have worked out modalities to promote gas usage as a preferred fuel for Nigeria\u2019s industrialisation.<\/p>\n
To this end, plans are afoot to expand gas utilisation in the region using both market-based and government-backed frameworks to clear existing bottlenecks to the market\u2019s transition.<\/p>\n
Speaking at the SouthEast Gas Utilisation Forum organised recently by the GACN in Owerri, the Minister of State, Petroleum Resources, Mr Timipre Sylva, stated that besides the region\u2019s enormous natural gas deposit which would be a useful energy supply source, the region\u2019s industrial composition provides for Nigeria\u2019s gas market the complementary demand point needed to unlock the market\u2019s budding potential. He thus pledged to support the efforts by the NNPC and GACN in deepening gas utilisation.<\/p>\n
Themed \u201cNatural Gas Utilisation and Optimisation in Nigeria \u2013 focus on the South Eastern Hub,\u201d the forum was organised in partnership with the five governors of the region: Dr. Okezie Ikpeazu \u2013 Abia; Chief Willie Obiano \u2013 Anambra; Mr Dave Umahi \u2013 Ebonyi; Ifeanyi Ugwuanyi \u2013 Enugu; and Senator Hope Uzodimma \u2013 Imo.<\/p>\n
Sylva said that the forum aligned with the government\u2019s vision, \u201cto see that we as a country prioritise utilizing our natural gas resources domestically to create jobs, grow the economy, increase government revenue, attract investments and industrialise the country- all to the benefit of its citizens.\u201d<\/p>\n
In his remarks, the Group Managing Director of the NNPC, Mr Mele Kyari said that the government has consistently taken concerted steps to leverage on gas to build a sustainable economy for Nigeria.<\/p>\n
Kyari explained that the outcome of such strategic approach is seen in key gas-based investments that have been made so far by the government.<\/p>\n
According to him, an example is the imminent completion of the landmark Obiafu-Obrikom-Oben (OB3) gas pipeline project which will help commercialise over two billion cubic feet per day (BCF\/D) of gas and generate billions of US dollars of new revenue and thousands of employment opportunities as gas volumes that were stranded in the East would be brought to the national and regional markets.<\/p>\n
\u201cOther numerous examples include NNPC and its partners\u2019 investment in the Assa North-Ohaji South (ANOH) gas project which is one of the largest green field gas condensate development projects ever undertaken in Nigeria, costing approximately a billion US Dollars.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Africa-Press Nigeria: AS part of efforts to boost the economic strength of the SouthEast, the Nigerian National Petroleum Corporation (NNPC) and the Gas Aggregation Company of Nigeria (GACN) said they have worked out modalities to promote gas usage as a preferred fuel for Nigeria\u2019s industrialisation. To this end, plans are afoot to expand gas utilisation […]<\/p>\n","protected":false},"author":62,"featured_media":9813,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1127,434],"class_list":["post-31403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-kyari","tag-nnpc"],"yoast_head":"\n