Dawha predicts 50 years of gas dominance in Nigeria’s petroleum sector

Admin
By Admin April 13, 2015 20:49

Dawha predicts 50 years of gas dominance in Nigeria’s petroleum sector

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Joseph Dawha has predicted that the next 50 years of operation in the petroleum sector would be dominated by gas resources, Daily Independent reports.

Dawha who spoke through, Dr. Tim Okon in Abuja said policies contained in Federal Government’s Gas Master Plan have ensured that the country is well positioned to maximize its potential, with the growing dominance of gas in the international energy mix.

According to him, “If the first 50 years of oil production in Nigeria (1958 – 2008) can be regarded as the oil age, the next 50 years would be the age of gas. Government’s commitment to gas utilization is reflected in the Gas Master Plan and the gas regulations issued in October 2008 which laid the framework for reforms in the gas sector”.

“The reforms are basically three-pronged namely, gas supply domestic obligation, gas pricing framework and gas infrastructure blueprint”.

He emphasized that Nigeria’s adoption of a gas-based development programmes is necessitated by global views, such as that of the IEA which predicts that gas will become the principal fuel of choice by 2035. He noted that as such, Nigeria is set to tap into the enormous potential that gas offers for our developmental strides.

Source: Energy Mix

Admin
By Admin April 13, 2015 20:49
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