BusinessHighlightOil & Gas

FG pledges 5bn cubic feet of gas supply to domestic, export markets

The Minister of Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, disclosed this at the just concluded West African Gas Pipeline (WAGP) Authority Committee of Ministers (COM) meeting in Cotonou, Benin Republic, while speaking on

1.1k

The Federal Government has pledged five billion cubic feet of gas per day to domestic and export markets.

Persecondnews reports that with this, countries like Benin, Togo, and Ghana will keep getting consistent gas supply from Nigeria to meet their domestic energy needs.

The Minister of Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, disclosed this at the just concluded West African Gas Pipeline (WAGP) Authority Committee of Ministers (COM) meeting in Cotonou, Benin Republic, while speaking on “Nigeria’s Decade of Gas Initiative.”

According to the minister, the initiative will ensure a continuous supply of reliable gas to WAGP through the N-Gas Limited which aims to develop and commercialize over 5 billion cubic feet per day (bcf/d) of gas for both domestic usage and export markets

He also disclosed the Nigerian Gas Expansion Program (NGEP) as well as the Compressed Natural Gas (CNG) initiative will take Nigeria from an oil-based economy to a gas-based economy.

To ensure a consistent and reliable supply of gas to the WAGP through N-Gas Limited, the minister reaffirmed the commitment to commercializing Eastern gas resources.

Ekpo noted that the West African gas pipeline system had helped the Nigerian government’s commitment to fostering unity within the West African sub-region and ensuring energy stability.

He said Nigeria’s current focus on gas as a primary fuel source and ongoing initiatives are aimed at maximizing the country’s vast natural gas resources.

Persecondnews recalls that Ekpo had recently scheduled that the Nigeria-Morocco gas pipeline project would be completed in 2024.

The Nigeria-Morocco gas pipeline project is a critical infrastructure that spans across 5,600 kilometers, cutting across 13 African countries.

The countries are Nigeria, Benin, Togo, Ghana, Côte d’Ivoire, Liberia, Sierra Leone, Guinea, Guinea-Bissau, the Gambia, Senegal, Mauritania, and Morocco.

On completion, it will transport gas from Nigeria to West African nations, linking through Morocco and extending to Europe.

In September 2023, the Nigerian National Petroleum Company Limited (NNPC Ltd), had highlighted multiple advantages of the pipeline project, emphasizing its potential to create wealth, elevate living standards, boost regional economic integration, combat desertification, and notably reduce carbon emissions.

Leave a comment

Related Articles

Nigeria to stop petrol importation in June – Dangote

The Chairman of the Dangote Group, Alhaji Aliko Dangote, has said that...

NNPC Ltd. partners Nasarawa govt on oil, gas development

The Nigerian National Petroleum Company Limited (NNPC Ltd) has said it is...

NCC suspends issuance of virtual operators’ licenses

The Nigerian Communication Commission (NCC) has notified stakeholders in the communications industry...

Tinubu approves N3.3trn to defray power sector debts

Determined to end incessant power outages in the country, President Bola Tinubu...

West Africa must unite to defeat terrorism, human trafficking, says Tinubu

President Bola Tinubu on Thursday received President Bassirou Diomaye Faye of Senegal...

Breaking: Emirates Airlines to resume operations in Nigeria Oct. 1

Emirates Airlines says it plans to resume operations in Nigeria on October...

FG raked in N318.5bn revenue in Q1 of 2024 – Accountant-General

The Federal Government recorded a total revenue inflow of N318.5 billion in...

Senate approves Tinubu’s request of $500m loan for BPE

The Senate has approved President Bola Tinubu’s $500 million loan request to...

Execute only those who steal N1 trillion and above – Sen. Ndume

The Chief Whip of the Senate, Sen. Ali Ndume, has said that...

Amid probe threat: Five commissioners quit Rivers government

Following a threat by Gov. Siminalayi Fubara to probe the administration of...

International Day of Families: “Embracing Diversity, Strengthening Families”

The United Nations (UN) continues to assert that the family constitutes the...

Workout Essentials: What Exercises should you do to tone some parts of your body?

I do know for sure that most of us have a desire...

Printing of N684m new naira notes charge: Court slams fresh N300m bail on Emefiele

An Abuja Federal High Court granted a fresh N300 million bail to...

Again, Emefiele arraigned, faces fresh charge of spending N18.96bln to print N684.5m new naira notes

A former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele,...

Horny secondary school teacher rapes primary school pupil, jailed for life

For raping a seven-year-old primary school pupil, Ojo Ezekiel, a 47-year-old secondary...

Cut down profligacy, wastages to fund free education, varsity dons urge FG

In spite of the economic problems and the huge debt burden that...

Nigerian, Abodunde, who killed wife with skateboard in London bags life sentence

Nigerian Olubunmi Abodunde, who killed his wife,Taiwo with a skateboard and attributed...

Just in: Investors, tourists to get visas within 48 hours — FG

President Bola Tinubu has approved the establishment of a tripartite committee to...

The Power of Self-Love: Why You Matter

Hey there! Let’s talk about something really important: SELF-LOVE. In a world...