Nigeria to use gas resources for power generation

Aug 17, 2006 02:00 AM

President Olusegun Obasanjo has said that Nigeria's abundant gas resources will be used to provide power for the rapid development of the economy.
The President was speaking at the State House Abuja on August 15, during a meeting on natural gas pricing in the country.

"Nigeria's abundant gas reserves must be used to meet our national power needs and develop the economy. I must use what I have to develop the country. I have gas and I will use it to create jobs, wealth, generate power, stop desertification and move Nigeria forward", he said.
He directed the Nigerian National Petroleum Corporation to form a joint team with the Oil Producers' Trade Section, OPTS, of the Lagos Chambers of Commerce and Industry "to achieve alignment on realizing the strategic domestic industry gas supply and pricing programme".

President Obasanjo said any plans for the supply of gas must take due consideration of small and medium scale as well as domestic consumers.
Earlier, Engr. Funsho Kupolokun, Group Managing Director of the NNPC had presented proposals on the pricing of the country's natural gas to the President, while the OPTS had expressed a desire for more consultation.

Source: Nigeria First
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« June 2017 »
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