Categories: EconomyNews

NNPC Strategises for Increased Gas Supply

The Nigerian National Petroleum Corporation (NNPC), through its Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, has said that the agency and its partners have evolved a scheme to grow gas supply for domestic consumption by 285 per cent.

According to Ughamadu, NNPC Group Managing Director, Dr Maikanti Baru, said this while addressing partners at a 7 Critical Gas Development Projects (7CGDP) stakeholders’ meeting in Abuja.

Baru said: “The Federal Government has directed the corporation to aggressively pursue gas development to jump start the nation’s economic growth.

“The strategic focus for achieving this mandate include growing capacity to supply enough gas to generate 15 Gigawatts of electricity to the power sector by 2020.

“Stimulating gas-based industrialisation by positioning Nigeria as the African regional hub for gas-based industries such as Fertilizer, Petrochemicals.

“Methanol and developing gas for export by selectively expanding export footprint in high value and strategic foreign markets”.

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