Nigeria is set to capture at least 10 per cent of the global market share
\nof Liquefied Natural Gas, LNG, as part of the concerted efforts to harness
\nthe nation\u2019s gas resources which currently stand at 192 Trillion Cubic
\nFeet, tcf, of proven reserve.<\/p>\n
NNPC Group Managing Director, Dr.Maikanti Baru, who stated this while
\ndelivering a Keynote address at the 2017 Society of Petroleum Engineers,
\nSPE, Oloibiri Lecture Series and Energy Forum, said the projection was in
\nline with the gas component of the NNPC 12 Business Focus Areas termed the
\n12BUFAs initiative which seeks to increase domestic gas supply to 5bscfd
\nby 2020.<\/p>\n
Providing details of the plan, the GMD said the initiative was anchored on: He said these steps would position Nigeria for self-sufficiency in these The GMD explained that the gas component of the 12 BUFAs initiative would On domestic gas utilization architecture, the GMD enthused that measures “With Nigeria\u2019s current production averaging at 8.0bscfd, of which The GMD listed the pipeline infrastructure intervention projects that have He said that other projects like the strategic East-West Obiafo\/Obirikom \u201cThe Ajaokuta-Abuja-Kaduna-Kano pipeline (650km) is currently on tender. Dr Baru said Nigeria was on the path of maximizing its gas resources, This year\u2019s SPE Oloibiri Lecture Series & Energy Forum has the theme: Engr. Saka Matemilola, Council Chairman of SPE, Nigeria, earlier in his Nigeria is set to capture at least 10 per cent of the global market share of Liquefied Natural Gas, LNG, as part of the concerted efforts to harness the nation\u2019s…<\/p>\n","protected":false},"author":1,"featured_media":43945,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-56508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n
\nGrowing gas supply to support the power sector, with a view to achieving
\nat least a 3-fold increase in generating capacity within five years<\/span><\/span> and
\nstimulating gas-based industrialization with a view to positioning Nigeria
\nas African regional hub for gas based industries such as Fertilizer,
\nPetrochemicals, and Methanol etc.<\/p>\n
\nsectors and at least 5% of global output.<\/p>\n
\nhelp to \u201cselectively expand our export footprint in high value and
\nstrategic foreign markets, with a view to maintaining a 10% market share
\nin global LNG trade and dominance in regional gas pipeline supplies.\u201d<\/p>\n
\nhave since been activated to ensure that the industry responds adequately
\nto the new wave of demand necessitated by the Power Sector massive
\ninvestments in new power plants and rehabilitation of existing PHCN Power
\nPlants which has increased total gas requirement to 3billion standard
\ncubic feet of gas per day.<\/p>\n
\n1.3bscfd is for domestic consumption, 3.5 bscfd for export, 2.5bscfd for
\nre-injection\/fuel gas use and about 0.7bscfd is flared, the need to
\nencourage gas production to meet with the demand becomes paramount,\u2019\u2019 he
\nsaid.<\/p>\n
\nbeen completed to include: the Oben-Geregu (196km), Escravos-Warri-Oben
\n(110km),
\nEmuren-Itoki (50km), Itoki-Olorunshogo (31km), Imo River-Alaoji (24km) and
\nthe Ukanafun-Calabar (128km).<\/p>\n
\nto Oben (OB3) pipeline (127km) is scheduled for completion by the end of
\n2017 while the looping of the Escravos-Lagos Gas Pipeline System from
\nWarri to Lagos is scheduled for completion by July 2017.<\/p>\n
\nThis project will soon be awarded under a contractor financing scheme.\u2019\u2019.<\/p>\n
\nhaving put in place a commercially sustainable framework for gas supply,
\ndeveloped an aggressive gas infrastructure blueprint and articulated a gas
\nbased industrialization programme that is currently under way.<\/p>\n
\n\u201cDomestic Gas Utilization in Nigeria: From Producers to Users\u201d.<\/p>\n
\nopening remarks, called on oil and gas professionals to close ranks and
\nensure that the country reaps bountifully from its huge hydrocarbon
\nresource base.<\/p>\n","protected":false},"excerpt":{"rendered":"