Buhari Vows To Deepen Gas Penetration In Nigeria

President Muhammadu Buhari has said that Nigeria has moved a step closer to the nation’s dream of full utilisation of the nation’s abundant gas potentials.

He said this on Tuesday at the commissioning of the Integrated Gas Handling Facility and LPG Processing and Dispensing Plants built and operated by the Nigerian Petroleum Development Company, an Upstream Subsidiary of NNPC in Oredo, Edo State.

Buhari noted that his administration would support the on-going drive towards providing alternative to auto fuel under the National Gas Expansion Program initiative.

He said, “The Oredo Integrated Gas Handling Facility and its associated NGLs depot will be delivering 240,000 metric tons of commercial grade Liquefied Petroleum Gas and Propane. It will also deliver about 205 million standard cubic feet per day of lean gas to the domestic market.

“In addition to its import substitution benefits that brings us a step closer to self-sufficiency in LPG production and also supporting the growth of small and medium enterprises in the host communities, this project will create hundreds of direct and indirect employment opportunities for our teeming youths.”

“Apart from being the largest onshore LPG plant in Nigeria with the potential of supplying about 20 percent of Nigeria’s LPG demand, the Oredo Integrated Gas Handling Facility was carefully situated at a corridor proximate to over 80 percent of Nigeria’s LPG demand source.”

The President explained that the project was a follow-up to the commitment of his administration towards making this year as ‘Nigeria’s Year of the Gas.’

He added, “At the turn of the year 2020, this administration made solemn declarations to the Nigerian public over its plans to expand the gas sector footprints by scaling-up the development and utilisation of Nigeria’s abundant Natural Gas Resources to help spur industrialization, provide clean and efficient energy for transportation and household use while increasing our exports into the international market.

” It is on the backdrop of this commitment that the year 2020 was dedicated and embodied as Nigeria’s Year of Gas.

“Since then, we have followed through with actions that have translated those plans into tangible projects with monumental value additions to the Nigerian economy.

“We accomplished key gas infrastructure projects like the OB3 and ELPS 2 and flagged-off the Construction Phase of the 614 km AKK Pipeline Project.”

The President noted that the commissioning of the gas infrastructure projects this year followed the wrap-up of the Final Investment Decision for NLNG Train 7.

In his remarks, the Minister of State for Petroleum Resources, Timipre Sylva, noted that the project highlights the commitment of NNPC in eliminating gas flaring while increasing Nigeria’s value realisation from gas.

He added that the entire LPG and propane production is targeted at the Nigerian market, while further affirming the conscious efforts of NNPC and the Nigerian government in growing its participation in the LPG value chain to boost domestic supply, lower prices and deepen LPG penetration.

The Group Managing Director of NNPC, Mele Kyari, said the President’s clear directives to the Ministry of Petroleum Resources and the NNPC were to deepen domestic gas utilisation, monetisation and provide a platform where Nigerians can benefit from the enormous gas supplies.

ENDS