Nigeria's domestic gas demand to reach 6 bn cfpd by 2012

Oct 28, 2008 01:00 AM

Nigeria's domestic gas demand and consumption has been estimated to reach an all time high of 6 bn cfpd by the year 2012.
These were the exact words of the Minister for Energy (Gas), Chief Emmanuel Odusina during his speech at the recently held Nigerian Content Consultative Forum in Lagos. According to him, it is expected that the domestic gas supply obligation to the power sector would also give Nigeria about 8,000 MW of electricity by the year 2010.

The conference which aimed at meeting the 70 % target of the federal government by 2010 gave room for people in the oil and gas sector to interact at different session of the workshop. The Minister, who spoke on local content in the context of gas commercialization in Nigeria said the country -- as the 7th largest gas endowed nation in the world -- must not think they have huge gas reserves.
"Gas exploration and production is capital intensive, technology driven and requires highly skilled experts which Nigeria must deliberately pursue withher comparative advantage of gas endowments."

"It is for these fundamental reasons that my own definition of local content will capture the following critical issues: Leadership and sustainable policy framework for the gas sector, good educational infrastructural framework for manpower development to serve gas sector development, qualitative and adequate supply of electricity, medical facilities and water to support the gas sector development, qualitative and adequate provision of security and safety measures, financial and insurance services to support the gas sector development."
"And finally Nigeria must have robust infrastructural facilities that will trigger local content development, such as transportation, sea-ports, railway system, air transport and Industrial production capacities and all centres at good governance."

He further stated that gas is neater and much healthy to use when compared to fuel and that is why the government is currently working assiduously to ensure that gas remains a viable commodity in Nigeria.
"It is expected that the domestic gas supply obligation to the power sector will give Nigeria about 8,000 MW of electricity by 2010 and the demand and consumption will increase to about 6 bn cfpd by 2012."
While speaking at the event, the Honourable Minister of State for Energy (Petroleum), Odein Ajumogobia, who addressed the Sector on Nigerian Content said: "Over the next couple of days, I urge you all to ensure that this forum lives up to its billing of being a consultative one where our progress to date on Nigeria content development, challenges and roadmap, going forward freely are robustly discussed. I am sure we all remember the reason why the Nigerian Content Policy was formulated, for the purpose of completeness," he said.

Ambassador David Etuket, Uganda High Commissioner to FRG was among the panel members in one of the sessions. He told the house about the East African Petroleum Conference (EAPC) that will come up by March 2009 the opportunities Nigerians standto get in East Africa.
Also speaking, Dr John Ndanusa Akanya, The Director General Standards Organization of Nigeria (SON) said standardisation was the bedrock for any industrial development and economic management, hence Nigeria cannot afford to do without standard since it is what connects the world.

Source / Vanguard
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