According to Ndu Ughamadu, the Nigerian National Petroleum Corporation (NNPC) spokesman, gas-to-power supply has increased year on year.
Ughamadu said as of January 2018 the gas supply stood at 731 million metric standard cubic feet (mmscf) per day as against 387mmscf/d in January 2017.
“An average of 731mmscf/d of gas was sent to over 20 domestic thermal power plants in the month of January 2018.
“This generated a thermal power output of 3,076MW to the national grid, representing 76.7% of the total national power generation,” he said.
According to the Premium Times, he said an additional 365mmscf/d of gas was supplied to the industrial sector to power over 50 companies in the period under review to boost the nation’s economy.
“The total gas production for the month was put at 8,169mmscf/d out of which 14% was supplied to the domestic market, 43% for export, while 31% was re-injected and the balance flared.”
It is reported that Ughamadu said this during the company’s monthly financial and operations report for January 2018. Read more: Nigerian gov is working to improve electricity distribution, says Fashola
Oil and gas sector attracts huge investments
Another positive milestone, the executive secretary of Nigerian Investment Promotion Commission, Yewande Sadiku, disclosed that nation’s oil and gas sector attracted an average of $12.9 billion in investment commitments in the first quarter of the year.
According the Vanguard, Sadiki said the Lagos State topped the list with $3 billion investment commitments, followed by Ogun State with $1.04 billion.
Others include Niger with $754.7 million; Gombe, $315 million and Kano $174.6 million.