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.
Why PMB Should Reconsider Peace Corps Bill
PDP Goes To America Without Atiku
Work On 2nd Niger Bridge Excites Gov Obiano
Good News! Scientists Develop ‘Super Drug’ To Cure Diabetes
IGP Appoints Frank Mba As New Police PRO
BUSINESS20 hours ago
Nigeria Among Top 10 Cheapest Petrol Selling Countries – Report
NEWS8 hours ago
Gov. Dickson Commends Buhari On Choice Of Adamu As I-G
FEATURES20 hours ago
Onnoghen: Memo To PMB
NEWS11 hours ago
Buhari To Inaugurate New Baro Port On Saturday
NEWS21 hours ago
PDP Alerts Of Plots To Frame-Up Atiku
NEWS19 hours ago
2019: US, UK, EU Pledge To Work With New IGP
NEWS11 hours ago
Troops Repel Insurgents’ Attack In Gajiram, Borno
NEWS18 hours ago
6,203 Ekiti Teachers Get N146m Special Allowances