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Home Energy

Nigeria can be world’s No. 1 oil, gas nation — NLNG

Business 360 by Business 360
July 7, 2021
in Energy
0
‘Magboro gas pipeline leakage has been stopped ‘- NEMA

Managing Director, Nigeria Liquefied Natural Gas (NLNG) Mr Tony Attah has said Nigeria can become the world’s number one nation in oil and gas if deliberate actions are taken to actualise the ambition.

Attah, represented by Mrs Eyono Fatayi-Williams, General Manager, External Relations, NLNG, stated this on Tuesday, at the ongoing Nigeria Oil and Gas Conference in Abuja.

He said Nigeria with its current gas reserves of 206 trillion cubic feet (tcf) and possible 600 tcf was capable of being the world’s major oil and gas economy once it gets its plan right. The NLNG boss further noted that the development of the country’s gas sector would eventually determine its future and its infrastructure.

“The flexibilities, the management space, disruption in the business environment means that our response to this reality is what will determine our future. Attah said that 12,000 direct jobs, 40,000 indirect jobs and 10 billion dollars Foreign Direct Investment (FDI), were some of the benefits that would follow the “Train 7” gas project upon completion.

He also said that domestic gas supply of LPG would be boosted by 35 per cent from the 350,000 metric tonnes to over  470,000 metric tonnes.

Two ministries exit national power grid, deploy solar project

Meanwhile, the ministries of Works and Housing and Environment have moved away from receiving power supply from the national electricity grid.

Minister of Works and Housing, Babatunde Fashola, announced that the ministries would henceforth get their power supply from a 1.5 megawatts solar micro-grid system, which was inaugurated at the Mabushi, Abuja headquarters of his ministry on Tuesday.

The Ministries of Environment, Works and Housing are all headquartered in Mabushi, Federal Capital Territory. Fashola said the solar power project was approved by the Federal Executive Council on March 20, 2019 at the time when the Federal Ministry of Power was part of the works and housing ministry.

He said the project employed 382 artisans and 176 skilled workers throughout its duration, as this was in fulfilment of the government’s Economic Recovery and Growth Plan of creating jobs.

The President, Major General Muhammadu Buhari (retd.), who was represented at the event by the Secretary to the Government of the Federation, Boss Mustapha, said the solar grid project was in line with the Federal Government’s pursuit.

This, he said, was the case with other parts of the world, adding that the initiative was as a worthy option for other agencies of government to consider.

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