GTB 737 banner Yudala banner

NNPC unfolds plan to stimulate economic growth through aggressive gas development

By News Express on 18/10/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 258


The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Kacalla Baru, has stated that the Federal Government has mandated the Corporation to pursue an aggressive gas development programme to stimulate economic growth in the Country.

Dr. Baru made this disclosure on Tuesday in Lagos during a Gas Roundtable meeting for Chief Executives and Directors levels of the oil and gas companies organized by the Nigerian Gas Association (NGA) where he was named the Pioneer Advisory Board Chairman of the NGA.

The GMD said the mandate was to ensure that gas Infrastructure development is enhanced for gas supply, stressing that this was a critical focus areas in the Federal Government’s 2016-2019 “Big Wins” for the Oil and Gas Industry as well as in the NNPC’s 12 Key Business Focus Areas to grow the industry.

“With the vast Oil and Gas experience entrenched in this Advisory Board and with the passion, I, as the Pioneer Chairman of the NGA Advisory Board have for gas development, I hereby re-dedicate myself to the aggressive development of the Nigerian Gas Sector and commit myself and all members of the NGA Advisory Board to do everything possible to achieve the objectives of the Board which align perfectly with NNPC’s key business focus area,” Dr. Baru affirmed.

He noted that opportunities at the Upstream gas development included the acquisition and operatorship of oil blocks, drilling rig leasing, provision of engineering services, heavy equipment leasing, seismic acquisition and processing, Engineering, Procurement, and Construction (EPC) contracting, Fabrication of pressure vessel, running steel mills and provision of banking/financing services, etc.

Speaking on opportunities in the midstream of the gas value chain, Dr. Baru listed the following as areas that should interest investors: Investment in gas processing facilities, mini Liquefied Natural Gas (LNG), floating LNG, Gas storage facilities, EPC of over 2000km gas pipelines, EPC of gas processing facilities, EPC of gas metering and monitoring system and Fabrication of pipes.

According to him, downstream value chain offered opportunities for investment in LPG bottling and marketing, Investment in gas based industries (Fertilizer, Methanol, Petrochemicals, CNG stations and conversion workshop), EPC of fertilizer and petrochemical plants, manufacturing of LPG cylinders/accessories.

The NNPC GMD added that the Nigerian Gas sector remained the largest and most vibrant in Sub-Saharan Africa with lots of potentials, especially in the deep water and untapped gas resources.

He averred that the gas reform was anchored on a robust strategic framework that is focused on maximum economic impact through gas, saying that it aims to drive linkages with agriculture, manufacturing and dispersed small enterprise through Power.

Earlier, the President of NGA, Mr. Dada Thomas, stated that for the Nigerian economy to achieve its full potential there must be power anchored on gas development through active private sector participation.

Photo shows NNPC Group Managing Director, Dr. Maikanti Baru, and former Group Managing Director of the Corporation, Dr. Jackson Gaius-Obaseki (left), displaying their certificates of membership of Advisory Board of the Nigerian Gas Association (NGA)at the Gas Roundtable Meeting in Lagos. With them is NGA President (right), Mr Dada Thomas.

Source News Express

Posted 18/10/2017 6:02:58 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Ex-Gov. Sule Lamido, sons, others slammed with 27-count...

APC Governors and Okorocha’s desperate survival moves

Rains likely today over Abuja, Jos, Bauchi, Gombe,...

FG assures Nigerians of improved electricity supply

Stranded whale butchered in Lekki (Lagos)

Nnamdi Kanu: Court rules February 10

We’ll bomb Nigeria, divide Nigeria, kill govt. officials...

Bayelsa Govt. empowers 600 traders, disburses N5m interest-free...

6 Governors, other heavyweights storm Obingwa for Ikpeazu’s...

Boko Haram: 1,000 Nigerian refugees flee to Niger...

Attacks on Jonathan: NIGERIANS IMPATIENT —PDP

Police nabs 27 suspected cultists, 3 goat thieves...

 

Latest News 7 labour leaders perish in auto crash Fidelity Bank seals partnership deal to empower young entrepreneurs Court orders FG to reinstate NEMA spokesperson 4 years after compulsory retirement Police on red alert over attacks on places of worship Teachers demand transfer of primary school salary to states Yudala commits to best prices nationwide for Black Friday Nigeria very close to achieving self-sufficiency in rice — Minister PDP National Convention: Okowa makes case for ‘free, fair, transparent process’ Mikel, Moses, Martins, Ikeme, Ezenwa, Oshoala, Quadri nominated for Nigerian Awards for Sporting Excellence HURIWA condemns Mubi Boko Haram attack, release of detained terrorists Obiano receives certificate of return, hails Buhari, security agencies for a good job NiMet forecasts cloudy to sunny conditions for today

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (295,515 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (279,028 views) Shameless Genevieve Nnaji exposes breasts in public (225,737 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (189,932 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (181,509 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (166,538 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (144,395 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (130,771 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (127,530 views) Lagos plane crash: Journalist releases victims’ names (116,660 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (113,944 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (108,295 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (31) Business (2,780) Business Verdict (26) Columnists (769) Complaints & Requests (93) Enterprise & Opportunities (187) Entertainment (407) Features (510) Global Business Monitor (192) International (1,652) Interviews (138) Live Commentary (28) Love Matters (84) News (30,450) Opinion (838) Pidgin (9) Politics (4,122) Religion (649) Sports (1,357) Stock Watch (24) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN Words on marble

 

 

Argentina vs Nigeria

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!