According to the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, Nigeria’s gas production has reached seven billion cubic feet per day (cf/d), The Guardian reports.
Baru, who made this disclosure in Lagos, during a Gas Roundtable organised by Nigerian Gas Association (NGA), noted that 1.2 billion cf/d of the total production is used for domestic purposes, like powering of plants and industries. Baru, added that 3.3 billion cf/d is exported by the Nigerian Liquefied Natural Gas (NLNG), while 2.7 billion cf/d is re-injected into operations. He disclosed that the country still flares 10 per cent of the total gas production, which is about 0.75 billion cf/d.
Speaking on opportunities in the midstream of the gas value chain, Baru listed areas that should interest investors, including investment in gas processing facilities, mini Liquefied Natural Gas (LNG), floating LNG, gas storage facilities, EPC of over 2000 kilometre gas pipelines, Engineering, Procurement and Construction (EPC) of gas processing facilities, EPC of gas metering and monitoring system and fabrication of pipes.
According to him, downstream value chain offered opportunities for investment in LPG bottling and marketing, investment in gas-based industries (fertilizer, methanol, petrochemicals, CNG stations and conversion workshop), EPC of fertilizer and petrochemical plants, manufacturing of LPG cylinders/accessories.topics from