HomeIndustry SectorsGenerationNigerian gov invests in seven gas development projects

Nigerian gov invests in seven gas development projects

Represented by Idang Alibi, Nigeria’s Minister of State for Petroleum Resources, Dr Emmanuel Kachikwu has assured the nation of the government’s commitment to bridging the gas supply by 2020.

According to THISDAY, the federal government will be investing in the seven critical gas development projects to achieve the goal by 2020.

Alibi delivered the speech over the weekend at the 2018 convocation of the Petroleum Training Institute in Effurun, Delta State.

Kachikwu underlined in his speech that the federal government “has doubled her efforts in ensuring effective policies that will drive gas utilisation and commercialisation. We have decided to invest in the seven critical gas development projects in Nigeria.

“These projects will deliver about 3.4 billion standard cubic feet of gas per day to bridge the medium-term supply gap by 2020. Also, the federal government is increasing attention to the eradication of gas flaring, utilisation and monetisation of the abundant gas resources of the country.

“This is in realisation of the place of natural gas as the energy of the future. Although, it is not yet Uhuru as a substantial quantity of this precious resource is still being wasted through routine flaring.”

Re-positioning PTI

On a different note, Kachikwu disclosed that the federal government has set up a Steering Technical Committee to reposition PTI to take additional responsibilities towards meeting the targets for local content development in the oil and gas industry. Read more: new policy framework to boost investment

“President Muhammadu Buhari has directed that the PTI School of Diving should be upgraded to international standards. Efforts are ongoing to actualise the directives.”

Babalwa Bungane
Babalwa Bungane is the content producer for ESI Africa - Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast.