₦airaland Forum

The Nigerian National Petroleum Corporation, NNPC, has said it is leading a drive to attract massive global
investments into the nation's gas sub-sector.

This was contained in a
statement issued on Wednesday
by the Group General Manager,
Group Public Affairs, NNPC, Mr
Ohi Alegbe, in Abuja.

The statement stated that the
measure was aimed at
ameliorating the effect of drop
in crude oil prices on the
Nigerian economy.

It stated that the Group
Managing Director, NNPC, Dr
Joseph Dawha, stated this at a
panel session at the ongoing
Offshore Technology Conference
(OTC) in Houston, Texas, USA.
It stated that the session was
organised by the Petroleum
Technology Association of
Nigeria.

It stated that the theme of the
session was "Natural gas
development in Nigeria: A
compelling investment frontier
in a turbulent oil market."
It stated that the GMD was
represented by David Ige,
Group Executive Director, Gas
and Power of the NNPC.
It said Dawha noted that with
its immense gas potentials,
Nigeria "needs not be and must
not be a victim of price drop,
instead we should position to
benefit from it".

"The GMD said for the nation's
gas sub-sector to benefit from
the drive, industry players must
brace up for the challenges
ahead.
"The Nigerian gas sector has
seen tremendous focus in the
last few years.
"We have grown capacity at a
pace of 18-20 per cent with
supply now at about two billion
cubic feet of gas per day in the
domestic market from a humble
start of about 300 million cubic
feet per day a few years ago.''
The GMD said that based on
projected growth demand
anchored on growing industrial
requirements, the sub-sector
needed to grow further to some
six billion cubic feet of gas per
day.
He noted that in spite of the
annual investment of millions of
dollars in the last four years in
gas supply and infrastructure,
there was need for significant
addition to infrastructure and
supply development.
"For example, we have built
over 500km gas pipelines and
we are building an additional
120km currently; but we need
to build many more kilometers
of pipelines to connect new
markets and gas sources.
"We need investments in gas
processing, micro-Liquified
Natural Gas, Compressed
Natural Gas as well as upstream
Non-Associated Gas (NAG)
development. Therein lie the
compelling investment
opportunities,'' he said.
He said the theme of the
session was not only apt but in
tandem with the aspiration and
projection of the NNPC for the
oil and gas industry.
"It brings to our collective
consciousness the potential in
Nigerian domestic gas sector.
"We can turn the gloom
inherent in low price into a
breakthrough for gas based
industrialisation of Nigeria,"
Dawha stated.

source


anyway we know ur lying but continue

President will continue to work till he leaves d office
Say no to change
Let's say yes to transformation
May our lives be transformed
Amin

Lol, last minute name saving. It won't work o, we know about that $20 billion, you people will vomit it

I am calling on the government to forcefully retire top directors n managers in NNPC and probe them.

Dangote has a better plans for gas pipeline

Ok. Seen

jascon1:
I am calling on the government to forcefully retire top directors n managers in NNPC and probe them.

Should I say supported or I love this.

True talk bro.