Chevron, Agip, Shell Nigeria and four other oil companies have evolved a scheme to grow gas supply for domestic
consumption by 285 percent by 2020. It is joint scheme that would involve Nigerian National Petroleum Corporation (NNPC).
The scheme aims to move domestic gas supply from 1.3 billion standard cubic feet per day to five billion standard cubic feet per day, by 2020.
The project was unfolded at the seven Critical Gas Development Projects (7CGDP) stakeholders’ meeting at the NNPC Towers in Abuja. The stakeholders made up of NNPC and seven other oil and gas companies listed the seven
projects earmarked for fast-track execution to meet the 285 per cent domestic gas supply growth projection to include: Assa North-Ohaji South Field Development (ANOH); Oil Mining Lease 24 and OML 18 Joint Development
and Shell Petroleum Development Company Joint Venture/ Nigeria Agip Oil Company Joint Venture Unitized Gas Fields.
Others are: NPDC’s OML 26, 30, 42 and Chevron Nigeria Limited’s OML 49 Makaraba Cluster Development;
SPDC JV Gas Supply to Brass Fertilizer Company; OML 13 Cluster Development and Cluster Development of Okpokunou/ Tuomo West (OML 35/62).
The corporation’s Group Managing Director, Maikanti Baru, told the stakeholders that the Federal Government had directed the corporation to aggressively pursue gas development to jump start the nation’s economic growth.
Its spokesman, Ndu Ughamadu also quoted Baru saying the outlined the strategic focus for achieving the government’s mandate to include growing capacity to supply enough gas to generate 15 gigawatts (15,000 MW) of electricity to the power sector by 2020.
The GMD noted that it would involve stimulating gas-based industrialisation by positioning Nigeria as the African regional hub for gas-based industries such as fertilizer, petrochemicals, methanol and developing gas for export
by selectively expanding export footprint in high value and strategic foreign markets.
Baru said appropriate funding for the seven critical gas projects should be a priority and a key success factor, adding that alternative funding through third party financing option would be adopted to facilitate execution of these