This article discusses the prioritizing of Gas production, industrializing and commercialization by the federal Government.
The Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo says the Federal Government will support private sector investments geared at unlocking the gas potential for national development.
The Minister met with officials of the Brass Petrochemical and Gas Project to be located in Bayelsa State led by its Managing Director, Chief Ben Okoye who said it is for the overall benefit of the economy and citizens.
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The Minister also tasked the management of Gas Producer, SPDC JV on the need to work closely with promoters of the Brass Petrochemical and Gas Project to ensure smooth supply of gas for the project in line with the aspiration of President Bola Tinubu to drive gas-based investments, commercialization and industrialization projects.
“The feeling of The President is that anything that has to do with gas production, commercialization and industrialization should be encouraged and given priority; I will like the two sectors to be more cordial,” Ekpo said.
Chief Ben Okoye informed the Minister that the team had unbundled the gas and methanol components of the project to operate as separate projects.
He gave assurance that once approval is gotten from the Board of Brass Petrochemical, operation would kickstart by March this year and that everything about the project would be completed by Q1 2027.
He said the gas pipelines have been designed to be expanded from Train 1 to Train 3 and even more on gas availability.
Chief Okoye said though the starting capacity for the Gas Plant would be 340million standard cubic feet (mmscfd), the pipeline is designed to carry 980mmscf.
Similarly, at a meeting with the Management of ExxonMobil, the Minister for State, Petroleum Resources, Gas, Ekperikpe Ekpo urged them to ensure the smooth supply of Gas to NLNG.
The Managing Director, ExxonMobil Nigeria, Mr. Shane Harris explained the company’s investment in the country was aimed at ensuring mutual economic benefits for both parties.
Mr. Harris promised sustained collaboration that would ensure the smooth supply of Gas to the Country