Business
Allison-Madueke Unveils Gas Emergency Supply Plan
The Minister of Petroleum Resources, Mrs Diezani Allison-Madueke has announced a 12-month Domestic Gas Supply Emergency Plan to fast track the gas to power project.
Allison-Madueke announced this at a briefing on the state of the nation’s oil and gas industry in Abuja.
“I am immediately declaring a 12-month Domestic Gas Supply Emergency Plan.
“During this period, the ministry, together with the NNPC and the gas producing companies, will accelerate opportunities for quick wins to ameliorate the gap between gas demand and supply.’’
She decried the misalignment that existed between power projects and gas supply sources.
“A close analysis of the supply chain has revealed that over the last 10 years or so, there has been significant misalignment between power projects and gas supply sources.
“Until recently, gas supply to power plants outstripped demand to the extent that significant volumes of available gas remained unutilised on a daily basis.’’
Allison-Madueke said the coming on stream of the various National Integrated Power Projects (NIPP) had increased the demand for gas and stressed the Federal government’s resolve to meet the demand.
She said that President Goodluck Jonathan had approved the appointment of Mr Kunle Allen as Chief Executive Officer for the Gas Aggregation Company of Nigeria (GACN).
The minister said that GACN had been given a mandate to identify gas sources and design incentives for accelerated domestic delivery.
She also urged the GACN to provide implicit data to enable the Department of Petroleum resources (DPR) to be more proactive in compelling suppliers to meet gas supply obligations.
Our correspondent reports that the lack of gas to power the various NIPPs had been responsible for the drop in the electricity supply in the country.
The Group Executive Director, Gas and Power, NNPC, Mr David Ige,recently assured Nigerians of improvement in gas supply to power plants.
“We will significantly improve the supply of gas to the power plants over the next 48 weeks.
“We are working on the Utorogun gas plant and the Ughelli gas plant.’’
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Maritime2 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime2 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime2 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime2 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime2 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics2 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports2 days ago
Bournemouth, Newcastle Share Points
-
Sports2 days ago
Iwobi Stars As Fulham Overcome Brentford