NNPC explains constraints in domestic gas supply

Feb 14, 2008 01:00 AM

The NNPC says there are not enough vessels and tankers in the country to meet the rising demand for cooking gas.
"The vessels are not there and tankers not available," said Mr Abubakar Yar'Adua, the Group Managing Director (GMD) of the NNPC.

He told the conference on "50 Years of Oil in Nigeria" in Abuja that LPG (domestic gas) trucks were also lacking.
"We need about 3,500 trucks to move gas to all parts of the country. I am not sure we have up to 250 trucks today. There are no shuttle vehicles to receive the LPG from the Ocean vessels to the loading bay," Yar'Adua said.

He said that opportunities abound for small scale industries in the downstream oil and gas industry.
"The NNPC believes that the Minister of State for Energy (Gas) is moving to fill up the gaps, stimulate investment in gas, including the LNG plants. The West African sub-region is our market. Most of the main gas in Nigeria should be harnessed for both domestic consumption and the export market," Yar'Adua said.

The GMD said that Nigeria's gas reserve was the 7th largest in the world. The federal government, he said, was evolving a national gas master-plan and a gas pricing policy to drive the comprehensive development of gas.
He said efforts were afoot to ensure there was gas for other commitments, including the power plants, West African Gas Project (WAGP) and Sub-Saharan Gas Pipeline Project. He also said that most industrial concerns in cities like Aba, Kano, Lagos and Kaduna were down due to gas crisis.

Yar'Adua said that NNPC was working with a Korean firm to achieve power stability and gas supply in the country. He stated that the corporation was also discussing with banks and industries for about $ 7 bn loan to develop the facilities.
"We are also talking with shipping companies on how to haul the crude overseas," he said. Yar'Adua pointed out that NNPC had signed an agreement with the Bonny LNG and shipping companies on crude trucking.

Source / Leadership
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« April 2020 »
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30

Register to announce Your Event

View All Events