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- To deepen deal in CNG availability
From Okwe Obi, Abuja
The Federal Government has disclosed that the country was on the verge of achieving four major gas projects amounting to $3.5 billion.
Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, who addressed energy correspondents yesterday in Abuja, explained that the deals are the Iseni Project at about $122 million, Ubeta Project at $566 million, HI Project at $2 billion and Ima Project at $800 million.
Ekpo said the $3.5 billion Brass Methanol deal had advanced toward execution after resolving its Gas Sales and Purchase Agreement, explaining that these are not merely project milestones but evidence that responsible investment can create enduring domestic value, strengthen productive capacity and generate employment.
The minister said Nigeria’s gas resources are moving from potential to prosperity, declaring that the present administration would continue to give account for turning these approvals and Nigeria’s gas wealth into reliable energy, stronger industries, more jobs and lasting prosperity.
According to him, the investment resolve shows that this next phase was already taking shape.
He said: “Our duty is clear: to raise production, build faster, mobilise greater investment, expand clean-energy access and ensure that Nigeria’s gas wealth delivers enduring prosperity for every Nigerian.
In addition, the minister said 42 firms have been awarded contracts to convert flare gas being wasted into energy, feedstock, LPG, CNG and power.
The minister said: “This administration will sustain the regulatory and commercial measures required to end routine gas flaring by 2030.
“We are also expanding processing, gathering and distribution gas infrastructure so that market development does not wait for every conventional pipeline. Our objective remains unequivocal: no stranded gas and no stranded demand.
“Our next task is clear. We must raise production, accelerate pipeline and processing capacity, and improve gas supply to the power sector. We must mobilise investment, expand CNG and LPG access, eliminate routine flaring, and ensure that producing communities receive tangible benefits.
“We have made substantial progress, but progress is not the destination; it is the foundation for the work ahead. The true measure of policy is sustained delivery.”
On the Compressed Natural Gas (CNG), he said the government was collaborating with the private sector to ensure availability while it would put regulations in place for availability.
