By Uche Usim (Abuja), Adewale Sanyaolu and Chinwendu Obienyi
the The Federal Government, through the State Department of Petroleum Resources, said it was working hard to complete various gas refinery projects on the back of the Decade Gas Initiative before the end of this year.
This was even as the Nigerian Content Development and Monitoring Board (NCDMB) revealed that it will sign another agreement this month to build another LPG vessel which will transport products to Nigeria given the expansion underway in the NLNG.
Speaking to the Daily Sun on the sidelines of the Nigerian Content Midstream-Downstream Oil and Gas Summit 2022 held in Lagos on Monday, the Honorable Minister of State for Petroleum Resources Timipre Sylva said the theme of the summit was titled “Maximizing Potentials in the Midstream and Downstream Oil and Gas Sector – A Local Content Perspective” is timely and appropriate and comes at a time when the Nigerian oil and gas industry is exploring the opportunities and potentials associated with the midstream sectors While commending the NCDMB for taking the wheel in developing an agenda to actualize the full potential and prospects of the massive investments in the industry, Sylva noted that the Decade Initiative gas, gas has been declared a transition fuel towards our actualization of a net zero carbon emissions goal and the country must find a way to unlock natural gas and the potential of Nigeria’s domestic production and lifting millions of its people out of energy poverty.
He also disclosed that the implementation of the Petroleum Industry Act (PIA) is progressing very well, adding that this has created much more appetite for investment in Nigeria.
Asked about the schedule of projects the government is working on, Sylva said, “We are working on the Trans-Sahara Gas Pipeline, the AKK Gas Pipeline project is also advanced and there are a lot of projects that are actually scheduled to be completed by now. the end of this year.
The Walter Smith Refinery is already complete while the DuPont Refinery and the Atlantic Refineries are due for completion this year. The Brass Petroleum Products Depot is also expected to be completed this year, along with many other projects expected to be completed this year.”
Corroborating Sylva, NCDMB Executive Secretary, Engineer Simbi Wabote said that with the world gas conference taking place this week in South Korea, one of the main highlights of the event will be the signing of an agreement for the construction of second LPG vessels.