Oil & Energy
Nigeria Committed To Sustainable Natural Gas Growth – FG
The Federal Government says Nigeria is committed to the sustainable growth of natural gas exploitation and utilisation.
It said this was important both for domestic use and export via liquefied natural gas, LNG, and pipeline gas to sub-regional African countries.
President Muhammadu Buhari, who stated this in an address at the 6th Gas Exporting Countries Forum (GECF) Summit in Doha, Qatar, described Nigeria as a gas province with some oil.
He said the enactment of the Petroleum Industry Act (PIA) was designed to enable Nigeria to derive more value from its natural gas..
According to him, Nigeria is embarking on different initiatives, projects, and policies to enhance the performance of the oil and gas sector.
He listed some of the gas initiatives Nigeria is currently embarking upon to include the National Gas Expansion Programme (NGEP), President Buhari said “NGEP is designed to provide framework and policy support to extend gas supply and utilisation in power generation, gas-based industries and in emerging niche gas sectors.
“Such sectors are gas in transportation, Liquefied Petroleum Gas (LPG) for cooking and remote virtual gas supply using trucks to convey LNG and Compressed Natural Gas (CNG) to industries”, he said.
The other initiatives, according to the President, are the Ajaokuta-Abuja-Kano gas pipeline to support five billion cubic feet per day of domestic gas utilisation in the near term and five-Gigawatt power generation.
The President noted that with natural gas projected to be the leading fossil fuel in the energy transition, the GECF, given its member countries’ vast experience, was well-positioned to provide a credible platform to promote natural gas as a sustainable fuel for an effective energy transition.
He was represented at the event by Chief Timipre Sylva, Minister of State for Petroleum Resources, according to a statement by Horatius Egua, Senior Adviser to the Minister on Media and Communications.
Oil & Energy
‘Revamping Moribund Refineries ‘ll Address Rising Cost Of Petroleum Products’
Oil & Energy
The Race To Cut Methane Emissions Is Exposing A Global Divide
By Felicity Bradstock for Oilprice.com 16
Oil & Energy
Delta Targets 120MW Power Boost, Moves To Cut Reliance On National Grid
The State Commissioner for Works (Rural Roads) and Public Information, Charles Aniagwu, disclosed this at a press conference in Asaba, weekend, noting that the initiative was part of wider reforms aimed at opening up the power sector to private investors.
Aniagwu, who was accompanied by the Executive Assistant to the Governor on New Media, Felix Ofou, said the state was exploring alternative sources of electricity to support businesses, households and communities while reducing pressure on the national grid.
He said the government was particularly interested in exploiting Delta’s abundant natural gas resources for power generation, pointing to the Kwale Free Trade Zone, which is part of the state’s special economic zone, as a major opportunity for investors.
According to him, prospective investors were taken to the zone during the state’s recent economic summit to enable them to assess the availability of gas as a key raw material for electricity generation. ComparePower Rates
The commissioner explained that generating more electricity locally would not only increase supply in Delta but also free up power on the national grid for use by other consumers.
Aniagwu cited the 8.5MW Independent Power Plant located behind the state secretariat in Asaba as an example of what could be achieved through alternative power sources.
He said the facility had enabled the secretariat complex to operate independently of the national grid, thereby making the electricity that would otherwise have been consumed there available to other users.
He added that the planned 120MW partnership with Supply Power would further strengthen the state’s electricity supply capacity and provide a more reliable power base for small and medium-sized enterprises.
Aniagwu said the state government was also intervening in areas traditionally regarded as the responsibility of electricity distribution companies because inadequate power supply could no longer be allowed to constrain economic development. LearnQuantum Physics
He identified the extension of the electricity grid from Abraka towards the Ndokwa axis as one of the interventions being undertaken to connect more communities to electricity.
The commissioner, however, raised concerns over the burden placed on communities that are often required to provide transformers and other electricity infrastructure, only for distribution companies to take over the facilities and subsequently collect electricity bills without adequately accounting for the investments made by the communities.
He said the state would continue to support efforts aimed at energising communities, noting that improved electricity supply would stimulate businesses, create jobs and help tackle social problems associated with unemployment and idleness.
On regulation, Aniagwu said the government was working with the Ministry of Energy and a committee set up to develop an appropriate regulatory framework for the state’s emerging power sector. SwitchEnergy Plans
He said the proposed energy commission would be responsible for regulating new electricity producers, determining appropriate tariffs and overseeing distribution networks.
The commissioner stressed that liberalising the sector required effective regulation to protect consumers and investors, adding that decisions on power distribution infrastructure, including the use of overhead or underground lines, must take into account the peculiarities and safety requirements of each location.
He warned that power expansion without adequate regulation could expose residents to electrocution and other hazards, stressing the need to protect electricity infrastructure while ensuring consumers were not subjected to unfair pricing.
Aniagwu said the state government’s broader objective was to build an efficient and sustainable electricity market driven by private investment and capable of powering businesses, households and communities across Delta State.
-
Education2 days agoFCE Yola Graduates 3,555 Teachers , Seeks Upgrade to University
-
Sports2 days agoNigerian Trio Target Titles At PFL Africa Finals
-
Niger Delta2 days agoDiri Restates Stance On Lagos-Calabar Coastal Highway
-
Niger Delta2 days agoC’River, NUJ Pay Tribute To Late Guardian Editor
-
News2 days agoNDLEA Recovers Tons Of Illicit Drug Consignments In Nine States
-
Opinion2 days agoChecking Voter Apathy In Nigeria’s Electoral Process
-
Politics2 days ago2027: DICKSON’S EX-ALLY VOWS TO WORK AGAINST NDC INTEREST IN BAYELSA
-
Politics2 days ago2027: GROUP PLEDGES 40,000 SUPPORTERS FOR COALITION CANDIDATES IN RIVERS
