The Nigerian National Petroleum Corporation, NNPC, on Monday, February 23, stated that Nigeria’s domestic gas demand will leap to about 10 billion cubic feet, bcf, per day within the next five years, from current demand of about two billion cubic feet per day.
Group Managing Director of the corporation, Joseph Dawha, was quoted in a statement by the NNPC as saying that the increased demand will be pushed by the growth in the country’s power sector.
Dawha said the increasing demand from the power sector is fueling growth in the domestic sector, with demand set to hit five bcf per day in 2017, before leaping to 10 bcf per day by 2020.
He however said in order to meet this demand, the NNPC and the Federal Government have embarked on a very aggressive implementation of the Gas Master Plan to boost efficiency.
Dawha added that over 500 kilometers of pipelines have been laid and many more kilometres planned in the next two to three years, just as the federal Government signed an agreement with eight oil companies for the supply of natural gas to 10 power plants in the country,a couple of weeks ago.