Three New Gas Plants Are Expected to Increase Nigeria's Gas Supply by 25% - Latest Global News

Three New Gas Plants Are Expected to Increase Nigeria’s Gas Supply by 25%

Nigeria’s President Bola Tinubu has said the three gas power plants recently commissioned in the country’s Delta and Imo states will increase the country’s gas supply by 25% once they reach full capacity.

On Wednesday, Tinubu launched three projects: the expanded AHL gas processing plant, the ANOH gas processing plant and the 23.3km ANOH gas pipeline to the Obiafu-Obrikom-Oben (OB3) custody transfer station.

“When these projects become fully operational, a total of approximately 500 million standard cubic feet of gas per day will be supplied to the domestic market from these two gas processing plants, representing an incremental gas supply growth of over 25%,” Tinubu said during the event.

Tinubu assured investors in the energy sector of his government’s commitment to improving the business environment and facilitating investments.

“This event is of great significance for our country as it demonstrates the government’s concerted efforts to accelerate the development of critical gas infrastructure aimed at significantly improving energy supply to boost industrial growth and create job opportunities,” added Tinubu added.

During the virtual inauguration of the projects at State House, Tinubu assured citizens that his administration is intensifying coordination of other important projects and initiatives. These efforts will ensure the earliest realization of gas-powered prosperity in the country, the release said.

“In practice, this means more gas for the energy sector, gas-based industries and other key economic segments. I, therefore, commend the strategic vision of the NNPC and its partners Sterling Oil Exploration & Energy Production Company (SEEPCO) and Seplat Energy for these laudable and value-added projects,” Tinubu said.

Tinubu also reiterated his administration’s commitment to offer support in expanding domestic gas consumption, improving the country’s power generation capacity, reviving industries and creating ample employment prospects for economic progress.

“Apart from the President’s CNG initiative aimed at weaning the good people of Nigeria away from petrol and diesel as fuel for vehicle combustion, significant progress has also been made in promoting gas development through presidential directives,” the President said.

The Presidential Compressed Natural Gas Initiative (PCNGI) has attracted a total of US$50 million (N76.47 billion) of investments into the economy in the last five months.

The PCNGI is part of an intervention initiated by the Tinubu government. The aim is to provide relief to people affected by the Nigerian government’s policy of eliminating fuel subsidies, it says on its website.

“Three new gas plants set to boost Nigeria’s gas supply by 25%” was originally created and published by Offshore Technology, a GlobalData brand.

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