Connect with us
Advertise With Us

BUSINESS

‘FG Will Boost Gas Production By 3.4bn Cubic Feet In 2020’

Published

on


The federal government would deliver about 3.4 billion standard cubic feet of gas per day to bridge the medium-term supply gap by 2020.

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, gave the assurance on Saturday at the 2018 Graduation of Petroleum Training Institute, Effurun, Delta.

The minister, who was represented at the event by the media officer of the ministry, Mr Idang Alibi, said that the federal government had decided to invest in the Seven Critical Gas Development Projects to achieve the feat in 2020.

He said that the government had commenced utilisation and monetisation of the abundant gas resources of the country.

Kachikwu said: “The federal government has doubled her efforts in providing effective policies that will drive gas utilisation and commercialisation.

“We have decided to invest in the Seven Critical Gas Development Projects in Nigeria. These projects will deliver about 3.4 billion standard cubic feet of gas per day to bridge the medium-term supply gap by 2020.

“Also, the federal government is increasing attention to the eradication of gas flaring, utilisation and monetisation of the abundant gas resources of the country.

“This is in realisation of the place of natural gas as the energy of the future, although, it is not yet Uhuru as a substantial quantity of this precious resource is still being wasted through routine flaring.”

Kachikwu said that two out of the 38 approved modular refineries would be inaugurated in December, 2018, one in Delta and the other in Rivers, to boost fuel supply in the country.

He also said that the government had set up a Steering Technical Committee to reposition PTI to take additional responsibilities toward meeting the targets for local content development in the oil and gas industry.

He said: “President Muhammadu Buhari has directed that the PTI School of Diving should be upgraded to international standards.  Efforts are ongoing to actualise the directives.”

The Principal of PTI, Prof. Sunny Iyuke, said the institution would continue to deliver on its mandate as contained in the Act establishing it.



Copyright LEADERSHIP.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP Nigeria Newspapers. Contact: editor@leadership.ng







Advertisement

You must be logged in to post a comment Login

MOST POPULAR

Pin It on Pinterest

Share This

Share this post with your friends!