Nigeria to introduce gas sector policy

Aug 10, 2004 02:00 AM

The Special Advisor to the President, Edmund Daukoru, announced that the Ministry of Petroleum Resources was in the process of drafting policies to govern the natural gas sector.
The move is part of the government's attempt to regulate the sector and in doing so, attract investment. Nigeria’s proven gas reserves are 187 tcf while 1.9 bn cf of gas is currently produced annually.

Gas production is expected to increase significantly over the next few years as flaring is phased out and new projects such as the West African Gas Pipeline Project and the remaining three NLNG trains come on stream.
Mr Daukoru forecasts that by 2007, Nigeria will be the third largest producer of gas in the world, compared to its current ranking as sixth largest produce

Source: LiquidAfrica
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