{"id":43485,"date":"2020-09-30T08:31:48","date_gmt":"2020-09-30T07:31:48","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=43485"},"modified":"2020-09-30T08:32:49","modified_gmt":"2020-09-30T07:32:49","slug":"nnpc-targets-aggressive-growth-in-domestic-gas-utilization-for-balanced-economic-growth","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nnpc-targets-aggressive-growth-in-domestic-gas-utilization-for-balanced-economic-growth\/","title":{"rendered":"NNPC Targets Aggressive Growth in Domestic Gas Utilization For Balanced Economic Growth"},"content":{"rendered":"

\u2026As Kyari Urges Speedy Passage of PIB<\/p>\n

In keeping with the objectives of the United Nation\u2019s 2030 Agenda for Sustainable Development and the Paris Climate Accord, the Nigerian National Petroleum Corporation (NNPC) is focusing on growing the nation\u2019s domestic gas utilization for balanced economic growth.<\/p>\n

Group Managing Director of NNPC, Mallam Mele Kyari, disclosed this Tuesday at the BusinessDay Energy Series Summit which held virtually with theme: \u201cNigeria at 60: Harnessing Nigeria\u2019s Energy for the Future\u201d.<\/p>\n

\"\"<\/p>\n

According to a statement by the Corporation\u2019s spokesman, Dr. Kennie Obateru, quoted the GMD as restating NNPC\u2019s commitment to the aggressive implementation of the Nigerian Gas Master Plan as a way of stimulating massive and sustainable economic development using natural gas which the nation has in abundance.<\/p>\n

Mallam Kyari, who spoke on the topic: \u201cNNPC\u2019s Perspectives on Nigeria\u2019s Gas Sector Development,\u201d said apart from the Corporation\u2019s commitment to deliver key gas infrastructural projects such as the Escravos-Lagos Pipeline System II (ELPS II), the Obiafu-Obrikom-Oben (OB3) Gas Pipeline, the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline, and Central Gas Processing Facilities (CGPFs), NNPC was working on growing domestic gas utilization to 5billion standard cubic feet of gas per day (scf\/d) and developing 5gigawatts (GW) of power generation by 2022.<\/p>\n

\u201cAt the NNPC, we are aggressively pursuing other gas development initiatives with the aim of improving Nigeria\u2019s economy using the appropriate fuels. In terms of Gas and Power, we are developing and integrating gas and power infrastructure networks (increase interconnectivity) as well as stimulating gas demand (power generation, feedstock and transport, etc.),\u201d the GMD informed.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

He said NNPC was also exploring partnerships and investments in transmission to unlock evacuation and improve power distribution across the country, stressing that the Nigerian Liquefied Natural Gas (NLNG) Train 7 would be delivered by 2024.<\/p>\n

\u201cWe are equally collaborating among key industry players and government agencies on key sectors even as we are developing energy related policies and investment packages to attract Foreign Direct Investment (FDI),\u201d the NNPC boss stated.<\/p>\n

He said the focus on the development of key areas will not only expand the Corporation\u2019s domestic gas footprints, but also support the development of petrochemicals, fertilizer, methanol and other gas-based industries that will generate employment and facilitate balanced economic growth.<\/p>\n

He applauded the support of President Muhammadu Buhari and the efforts of the Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva, in driving initiatives aimed at positioning natural gas for sustainable development, noting that a number of the Federal Government\u2019s gas initiatives such as the 7 Big Wins, the National Economic Recovery and Growth Plan (ERGP 2017-2020), the National Gas Policy (2017), have helped a great deal pushing the gas development agenda.<\/p>\n

\u201cI would not end this discussion without emphasizing the need for proper legislation. The passage of Nigeria\u2019s Petroleum Industry Bill (PIB) is long overdue. It is one piece of legislation that will expand economic growth via improved revenue flows from the oil and gas sector and make the industry efficient and competitive. NNPC is committed to supporting a sustainable legislation that will bring transformation to the industry, promote transparency and accountability across the value chain,\u201d Mallam Kyari posited.<\/p>\n","protected":false},"excerpt":{"rendered":"

In keeping with the objectives of the United Nation\u2019s 2030 Agenda for Sustainable Development and the Paris Climate Accord, the Nigerian National Petroleum Corporation (NNPC) is focusing on growing the nation\u2019s domestic gas utilization for balanced economic growth.<\/p>\n","protected":false},"author":6,"featured_media":42882,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[7354,7447,7446],"coauthors":[2391],"class_list":["post-43485","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-nigerian-national-petroleum-corporation","tag-paris-climate-accord","tag-united-nations-2030-agenda-for-sustainable-development"],"yoast_head":"\nNNPC Targets Aggressive Growth in Domestic Gas Utilization For Balanced Economic Growth - 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