By Terhemba Daka, Abuja
04 May 2024 |
4:02 am
In a move to leverage gas for economic growth, President Bola Tinubu is set to commission three critical gas infrastructure projects in the country.
President Bola Tinubu
In a move to leverage gas for economic growth, President Bola Tinubu is set to commission three critical gas infrastructure projects in the country.
According to a statement issued yesterday by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, the Nigerian National Petroleum Company Limited (NNPCL) and some partners undertook the gas projects.
Recall that President Tinubu had identified Nigeria as more of a gas-resource nation than petroleum-rich, indicating his administration’s interest in exploiting the huge gas reserves available to boost the economy.
Nigeria’s gas reserves, put at about 208.83 trillion cubic feet, accounts for 33 per cent of Africa’s gas reserves.
The projects, aimed at growing value from the nation’s gas assets and eliminating gas flaring, are slated to increase domestic gas supply, promote industrialisation and create a better investment climate.
According to the statement, the projects include the AHL Gas Processing Plant 2 (GPP-2), ANOH Gas Processing Plant (AGPC) and the ANOH-OB3 CTMS Gas Pipeline Project.
The AHL Gas Processing Plant 2 (GPP-2) will process 200MMscf/d of rich gas and deliver lean gas to the domestic market, supporting rapid industrialisation. The plant will also produce 160,000 MTPA of Propane and 100,000 MTPA of Butane, reducing dependence on LPG imports.
The ANOH Gas Processing Plant (AGPC) will process non-associated gas from the Assa North-Ohaji South field in Imo State, producing dry gas, condensate and LPG. This will significantly increase domestic gas supply, leading to increased power generation and accelerated industrialisation.
The ANOH-OB3 CTMS Gas Pipeline Project will evacuate dry gas from the Assa North-Ohaji South primary treatment facility to OB3 Custody Transfer Metering Station for delivery into the OB3 pipeline system. When commissioned, the projects will increase gas supply to the domestic market by approximately 500mmscf/d, creating a better investment climate and promoting balanced economic growth.
Ngelale said: “We are excited about the potential of these projects to transform Nigeria’s energy sector and drive economic growth. We look forward to the commissioning and the positive impact it will have on our nation.
“This project is an expansion to the Kwale Gas Processing Plant (GPP – 1), which currently supplies about 130MMscf/d of gas to the domestic market. The processing plant is designed to process 200MMscf/d of rich gas and deliver lean gas through the OB3 Gas Pipeline. This additional gas supply will support further rapid industrialization of Nigeria.
“The plant will also produce about 160,000 MTPA of Propane and 100,000 MTPA of Butane, which will reduce the dependency on LPG Imports. The AHL Gas Plant is being developed by AHL Limited, an incorporated Joint Venture owned by NNPC Limited and SEEPCO.
“The ANOH gas plant is an integrated 300MMscf/d capacity gas processing plant designed to process non-associated gas from the Assa North-Ohaji South field in Imo State. The plant will produce dry gas, condensate and LPG.
“The gas from ANOH gas plant will significantly increase domestic gas supply, leading to increased power generation and accelerated industrialisation. The ANOH Gas Plant is being developed by ANOH Gas Processing Company, an incorporated Joint Venture owned by NNPC Limited and Seplat Energy Plc on a 50-50 basis.
“The project involves the engineering, procurement and construction of 36”x23.3km ANOH-OB3 Project. The Transmission Gas Pipeline will evacuate dry gas from the Assa North-Ohaji South (ANOH) primary treatment facility (PTF) to OB3 Custody Transfer Metering Station (CTMS) for delivery into the OB3 pipeline system. About 600MMscf/d is estimated to be available from two separate 2 x 300MMscf/d capacity gas processing production trains from AGPC & SPDC JV.”
“When commissioned, the projects will increase gas supply to the domestic market by approximately 500mmscf/d, creating a better investment climate and promoting balanced economic growth cumulatively.”
2 hours ago
Jos Electricity Distribution (JED) says it has concluded arrangements for the conduct of customer enumeration exercises in its franchise areas. This is contained in a statement by the Spokesman of the company, Dr Adakole Elijah, on Wednesday in Gombe. He said the exercise billed to commence soon would cover Bauchi and Gombe States, respectively. According…
2 hours ago
The Police Command in Anambra has refuted a story trending on social media and in some national dailies that 21 soldiers were killed in the state. The News Agency of Nigeria (NAN) reports that the denial is contained in a press release by SP Tochukwu Ikenga, the Anambra police spokesperson, and made available to journalists…
3 hours ago
The Central Bank of Nigeria (CBN) has extended the suspension of processing fees on deposits within some thresholds. This is according to a statement by Adetona Adedeji, acting director of the Banking Supervision Department, on Wednesday in Abuja. Adedeji said that the suspension of two per cent and three per cent previously charged on cash…
3 hours ago
Governor Sheriff Oborevwori of Delta State has announced the withdrawal of Nigerian Army troops from Okuama Community, Ughelli South Local Government Area. Oborevwori, in a statement on Wednesday, said he has spoken with the Chief of Army Staff, Lt. Gen. Taoreed Lagbaja, on Monday, May 6th, and as of today, May 8, 2024. Oborevwori said…
4 hours ago
The Presidential Committee on Fiscal Policy and Tax Reforms has recommended an increase in the value-added tax (VAT) rate. Nigeria’s current VAT rate sits at 7.5%. The chairman of the committee, Taiwo Oyedele, made the recommendation during a policy session of the committee on Monday. Oyedele proposed a revision to the current VAT revenue-sharing formula…
5 hours ago
Residents in many Lagos districts are facing power outages due to faults in several electricity feeders, according to Eko Electricity Distribution Company (EKEDC). Eko Electricity stated that the service disruptions over the past two days caused faults affecting seven feeders across Mushin, Lagos Island, Urban Prime, Festac, Ojo, Ajele, and Orile districts. “There has been…
6 hours ago
The Nigerian government has denied the bribery allegations made by cryptocurrency exchange Binance. Binance Chief Executive Officer Richard Teng alleged that Nigerian government officials demanded bribes to resolve its case in the country. The Federal Ministry of Information and National Orientation, in a statement on Wednesday, called Binance’s claim of a $150 million bribe demand…
7 hours ago
The House of Representatives has described the escape of one of the two Binance chiefs from custody as most disappointing, embarrassing, and disturbing, saying it portrays the porosity of the security architecture of Nigeria to the world. The lawmakers, however, resolved to investigate the circumstances leading to the escape of the Binance executive from the…
8 hours ago
The Labour Party (LP) candidate for the 2023 general election, Peter Obi, has criticized the Federal Government for introducing the Cybersecurity Levy, saying it will impoverish Nigerians more. The Central Bank of Nigeria (CBN) directed banks to implement a 0.5% cybersecurity levy on certain electronic transactions. CBN gave this directive in a circular dated Monday,…
8 hours ago
The Nigeria Labour Congress (NLC) has rejected the recent directive by the Central Bank of Nigeria (CBN) of 0.5 (0.005) per cent Cybersecurity Levy on electronic transfers. Joe Ajaero, NLC President stated the NLC position in a statement made available to newsmen on Tuesday in Abuja. Ajaero was reacting to a recent circular issued by…