The federal government has said it will ramp up the nation’s natural gas production to 10 billion standard cubic feet per day (bscfd) by 2019. The current average daily production is 6.8bscf.
Stating that this plan will be achieved with the implementation of the new roadmap for the oil and gas industry, tagged 7 Big Wins, the government also said it had secured over $2 billion commitment from potential investors in the Gas Export Processing Zone (EPZ) in Delta State.
The minister of state for petroleum resources, Ibe Kachikwu, made this known on the sidelines of the public presentation of short and medium-term priorities to grow Nigeria’s oil and gas industry in Abuja.
He said the roadmap provides a workable plan which would ensure that adequate infrastructure is put in place to ramp up the nation’s crude oil production while contributing positively in the area of gas-to-power by boosting gas production to 10bscfd by 2019.
Kachikwu, who spoke on the gas revolution plan of the roadmap,said the programme woud contain “new infrastructure and gas terms that would encourage the roll-out of a national blueprint for backbone gas pipeline and processing infrastructure that will enable flexibility in supply delivery and provide a viable source of income for the country.”
While answering questions on what the government intends to do with the Gas Export Processing Zone (EPZ) in Delta State, which was said to have been abandoned, the minister disclosed that he had set up a team across the parastatals to drive the process of actualising the dream.
