The Punch

Thursday, December 1, 2011

Imo to unveil Gas Masterplan

Written by Agency reporter

Imo State government has given indication of its readiness to unveil its Gas Masterplan, Phase 1, estimated to cost about $2bn in eight years.



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The state governor, Owelle Rochas Okorocha, stated this during the Imo International Gas Roundtable held at the Concorde Hotel, Owerri with the theme,"Gas to Wealth."

Represented by his deputy, Mr. Jude Agbaso, the governor recalled that in his previous meeting with oil and gas operators, he had pledged to offer free sites and certificate of occupancy to potential investors, facilitate their licences and permits and provide incentives and security to them.

He said that the roundtable offered a platform for deliberating and formulating appropriate gas policies that would ensure enhanced investments, generate employment opportunities, stimulate Imo economy and attract foreign investors.

The state Commissioner for Petroleum and Environment, Mr. Steve Ahaneku,disclosed that Imo State had gas reserves in excess of 7.8 trillion standard cubic feet in Oguta, Ohaji/Egbema and parts of Owerri Municipal.

He said that the Okorocha administration was committed to not only reduce gas flares but ensure that private/public initiatives geared towards the reduction and elimination of flaring would add economic benefits to all communities in the state.

Ahaneku further stated that when the gas resource was further utilised, it would generate products such as electric power, fertiliser, gas-to-liquid and fuels among others.

Chairman of the occasion, Mr. Anthony Eze, noted that the roundtable would provide the opportunity to review gas reserves in the state as a prelude to their utilisation.



http://odili.net/news/source/2011/dec/1/809.html

just hope its genuine

^^^
Why wont it be? By the way, it's just a proposal, it's not as if it's been drawn already.