• Oil & Gas - News
  • Updated: December 22, 2020

Nigeria Closer To Full Utilisation Of Gas Potentials – Buhari

President Muhammadu Buhari has said that Nigeria under his watch was getting closer to the nation’s dream of full utilisation of its abundant gas potentials.

This was contained in a statement on Tuesday by his Special Adviser on Media and Publicity, Femi Adesina. He was speaking at the inauguration of the Integrated Gas Handling Facility and LPG Processing and Dispensing Plants built and operated by the Nigerian Petroleum Development Company, an Upstream Subsidiary of NNPC in Oredo, Edo State.

The statement was titled “We are getting closer to self-sufficiency in liquefied petroleum gas production, says President Buhari as he commissions processing and dispensing plants.”

Adesina quoted the President as disclosing that the Oredo Integrated Gas Handling Facility and its associated NGLs depot will be delivering 240,000 metric tons of commercial-grade Liquefied Petroleum Gas and Propane.

According to him, it will also deliver about 205 million standard cubic feet per day of lean gas to the domestic market.

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The President said, “In addition to its import substitution benefits that brings us a step closer to self-sufficiency in LPG production and also supporting the growth of small and medium enterprises in the host communities, this project will create hundreds of direct and indirect employment opportunities for our teeming youths (both skilled and unskilled).

“Apart from being the largest onshore LPG plant in Nigeria with the potential of supplying about 20% of Nigeria’s LPG demand, the Oredo Integrated Gas Handling Facility was carefully situated at a corridor proximate to over 80% of Nigeria’s LPG demand source.”

The President was further quoted as saying that the project was a follow-up to the commitment of his regime towards making 2020 Nigeria’s Year of the Gas.

He added, “At the turn of the Year 2020, this Administration made solemn declarations to the Nigerian public over its plans to expand the gas sector footprints by scaling-up the development and utilization of Nigeria’s abundant Natural Gas Resources to help spur industrialization, provide clean and efficient energy for transportation and household use while increasing our exports into the international market. It is on the backdrop of this commitment that the Year 2020 was dedicated and embodied as Nigeria’s Year of Gas."

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