Minister for State Petroleum Resources, (Gas), – Ekperikpe Ekpo pledges improved Gas Supply for Industrial and Domestic Use
Written by Idongesit Atakpa on October 24, 2023
Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has assured Nigerians that the regulatory and fiscal incentives produced by the Petroleum Industry Act, PIA would be seamlessly delivered to boost investments in the gas industry.
The Minister equally pledged improved gas supply for industrial, power, transportation and domestic purposes and the Nigeria Liquefied Natural Gas, NLNG plant in Bonny, Rivers State.
Ekpo in his speech delivered at the 3rd Biennial International Conference on Hydrocarbon Science and Technology 2023 in Abuja yesterday, observed there was need to boost the domestic market for gas.
He also noted that at present, the Nigeria LNG plant operates below its installed capacity due to gas supply issues, even as the local gas market has been grossly under-tapped due to infrastructural and pricing issues.
Ekperikpe Ekpo listed some of the factors stifling effective gas utilization for exports and local consumption to include inadequate infrastructure, sabotage of crude oil and gas pipelines, unclear regulatory environment and inability to optimize value from the country’s abundant gas reserves.
Ekpo urged experts and stakeholders in the industry present at the conference to focus on tackling the issues of energy transition, sustainability and security to guarantee that Nigeria maximizes the value of its abundant gas resources while ensuring access to affordable, sustainable energy for all citizens.