NNPC Unfolds $16b Gas Infrastructure Investment

The Nigerian National Petroleum Corporation (NNPC) has outlined a comprehensive gas infrastructure development programme projected to attract investment outlay of over $16 billion in the next four years.

Providing details of the gas infrastructure development drive in a presentation at the recently concluded Offshore Technology Conference in Houston, Texas, Dr. David Ige, Group Executive Director, Gas and Power of the NNPC, said the aspiration for gas development is anchored on the three point strategic focus of the Gas Master Plan (GMP).

Under the theme of the GMP, it is envisaged that the plan will deliver gas to power for at least three-fold increase in generation capacity by 2015, achieve reasonable level of gas based industrialisation by positioning Nigeria as the undisputed regional hub for gas based industries, such as fertiliser, petrochemicals and methanol by 2014.