The gas business in Nigeria has been described as a revolution, laudable and highly rewarding to the Nigerian people and the economy at large.
Speaking at the Nigerian Gas Association (NGA) 12th Biennial International Conference, which was held virtually and with the theme “Powering Forward: Enabling Nigeria’s Industrialization Via Gas”, the Chief Executive Officer of Seplat Petroleum Development Company Plc, Mr. Roger Brown said its fast growing gas business is a strong catalyst for sustainable economic development and growth of the country.
He highlighted the need to build institutional capacity to drive investments through liquidity pools such as the capital market, bonds and PFAs as well as exploring the myriad of financing options to provide funding for gas infrastructure projects, which is critical to attaining value and wealth advancement.
He disclosed that the company’s new Sapele Gas Plant with processing capacity of 75MMscfd currently contributes about 30 per cent of gas to power generation in the country, adding that Seplat is strategically positioned to access Nigeria’s main demand centres with its current well stock delivering 300 – 350MMscfd (Gross).
In his speech, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, who was represented by the Chief Operating Officer, Gas and Power, Mr. Yusuf Usman, said the corporation was committed to fulfilling the federal government’s directive to boost domestic gas supply, adding that progress was being made on several of the projects including the NLNG Train 7 and the ANOH Gas Project.