NNPC Unveils $16bn Gas Infrastructure Investment Plans – Dailytrust

The Nigerian National Petroleum Corporation, NNPC has outlined a comprehensive gas infrastructure development programme projected to attract an industry wide investment outlay of over $16 billion within the next four years.

Providing details of the gas infrastructure development drive in a presentation at the recently concluded Offshore Technology Conference in Houston, Texas, the Group Executive Director, Gas and Power of the NNPC, Dr. David Ige, said the aspiration for gas development is anchored on the three point strategic focus of the Gas Master Plan.

It is envisaged that the plan will deliver gas to power for at least threefold increase in generation capacity by 2015, achieve reasonable level of gas based industrialization by positioning Nigeria as the undisputed regional hub for gas based industries such as fertilizer, petrochemicals and methanol by 2014.

A statement from public affairs Division of NNPC said this item is the corner stone of the President’s Gas Revolution Agenda. The GMP is also focused on achieving high value export via LNG and regional export drives.

By Hamisu Muhammad, May 14, 2013