August 3, 2021
  • August 3, 2021
  • Home
  • Business
  • Nigeria closer to self-sufficiency in LPG production ~President Buhari
Gas plant

Nigeria closer to self-sufficiency in LPG production ~President Buhari

By on December 22, 2020 0 171 Views

Nigeria said it has moved a step closer to its dream of full utilisation of the nation’s abundant gas potentials.

In a statement by presidential spokesman, Femi Adesina said President Mohammadu Buhari spoke on Tuesday at the commissioning of the Integrated Gas Handling Facility and LPG Processing and Dispensing Plants built and operated by the Nigerian Petroleum Development Company (NNPC), an Upstream Subsidiary of NNPC in Oredo, Edo State.

“The Oredo Integrated Gas Handling Facility and its associated NGLs depot will be delivering 240,000 metric tons of commercial grade Liquefied Petroleum Gas and Propane.

“It will also deliver about 205 million standard cubic feet per day of lean gas to the domestic market.

“In addition to its import substitution benefits that brings us a step closer to self-sufficiency in LPG production and also supporting the growth of small and medium enterprises in the host communities, this project will create hundreds of direct and indirect employment opportunities for our teeming youths (both skilled and unskilled).”

“Apart from being the largest onshore LPG plant in Nigeria with the potential of supplying about 20 percent of Nigeria’s LPG demand, the Oredo Integrated Gas Handling Facility was carefully situated at a corridor proximate to over 80 percent of Nigeria’s LPG demand source,” he added.

The President remarked that the project was a follow-up to the commitment of the administration towards making Year 2020 as Nigeria’s Year of the Gas.

READ ALSO: Nigeria “is teetering on the brink” of becoming a failed state ~FT

“At the turn of the Year 2020, this Administration made solemn declarations to the Nigerian public over its plans to expand the gas sector footprints by scaling-up the development and utilisation of Nigeria’s abundant Natural Gas Resources to help spur industrialization, provide clean and efficient energy for transportation and household use while increasing our exports into the international market.

“It is on the backdrop of this commitment that the Year 2020 was dedicated and embodied as Nigeria’s Year of Gas.”

“Since then, we have followed through with actions that have translated those plans into tangible projects with monumental value additions to the Nigerian Economy.

“We accomplished key gas infrastructure projects like the OB3 and ELPS 2 and flagged-off the Construction Phase of the 614 km AKK Pipeline Project,” President Buhari added.

“It was indeed not a coincidence that the completion and commissioning of the aforementioned gas infrastructure projects in this Year 2020 followed the wrap-up of Year 2019 with the Final Investment Decision (FID) for NLNG Train 7.

“We are exiting Year 2020 with yet another milestone of commissioning the Oredo Integrated Gas Handling Facility LPG Processing and Dispensing Plants which will also support the on-going drive towards providing alternative auto fuel under the National Gas Expansion Program initiative.”

In his remarks, the Minister of State for Petroleum Resources, Timipre Sylva, noted that the project highlights the commitment of NNPC in eliminating gas flares while increasing Nigeria’s value realisation from gas.

He added that the entire LPG and propane production is “targeted at the Nigerian market, further affirming the conscious efforts of NNPC and the Nigerian government in growing its participation in the LPG value chain to boost domestic supply, lower prices and deepen LPG penetration to safeguard our environment.”

Leave a comment