The Nigerian National Petroleum Company Limited has announced that the $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline project being built by Oilserve Limited will be launched next month.
Oritsemiyiwa Eyesan, the Executive Vice President of Upstream, NNPC Limited, announced this on Tuesday at the 41st Nigeria Association of Petroleum Explorationists 2023 expo in Lagos.
In her speech at the Management Session titled 'Energy Infrastructure Development, Financing, and Monetisation Strategies in Nigeria: Reducing the Risks of Entry,' Eyesan stated that the company's dedication to completing the project by December was a tribute to Nigeria's Gas Master Plan.
“In the coming months, you are going to be seeing a great difference in the way we operate because NNPC is poised to drive in more investments into the oil and gas sector. One of such huge investments is the AKK gas pipeline that will be commissioned this December,” she said.
The announcement follows the pledge made by State Minister of Gas, Ekperikpe Ekpo, during the October Pai River crossing meeting in the Kwali Area Council of the Federal Capital Territory, Abuja.
He stated that by July of the following year, the 614 km project would be completed.
The NNPCL is building a 614 km pipeline called the AKK pipeline to move natural gas from southern to central Nigeria.
“Although investors were willing to invest in the project, however, they wanted an investment that would yield returns immediately,” Ekpo said, adding that insecurity was also one of the reasons for the project delay.
She suggested that the Federal Government stabilise the naira in addition to tackling the nation's financial and security issues.
In order to spur investment, the minister emphasised that the government must shorten the contract circle and draw in managers of contemporary technologies.