Oil & Gas

Promotion of gas utilisation will save Nigeria forex — NGEP chairman

Published

on


Dr Mohammed Ibrahim, Chairman, National Gas Expansion Programme (NGEP), says the promotion of gas as replacement fuel will save Nigeria the much-needed foreign exchange expended on importation of refined petroleum products.


The News Agency of Nigeria reports that Ibrahim made the assertion on Wednesday at a webinar on Gas as an alternative fuel for Nigerians.

It was organised by the Major Oil Marketers Association of Nigeria (MOMAN) in collaboration with Oil Trading and Logistics (OTL) Africa Downstream.

Ibrahim, represented by Dr Abner Ishaku, Programme Manager, Compressed Natural Gas (CNG) Utilisation, NGEP, said the President Muhammadu Buhari-led administration was committed to deepening gas usage in Nigeria.

He said : “The NGEP is a programme put in place by the Minister of State for Petroleum Resources, Chief Timipre Sylva , in furtherance of the domestic gas expansion programme of the current administration.

“The programme is designed to reinforce and expand domestic gas supply and stimulate demand in the country through the effective and efficient mobilisation and utilisation of all available assets, resources and infrastructure in the country.

”The deliverables of the programme include the development of a strong domestic gas-based economy by leveraging on the nation’s abundant gas potential.

“It includes promotion of gas as replacement fuel, which will also save the nation the much-needed forex expended on imported fuel and provide alternatives to Premium Motor Spirit (PMS), Automotive Gas Oil (AGO) and Dual Purpose Kerosene (DPK) for Nigerians.”

According to him, this commitment has been further expressed with the ongoing efforts to pass the Petroleum Industry Bill and the flag off of the Ajaokuta-Kaduna-Kano (AKK) gas pipeline.

Ibrahim said it included the inauguration of a Committee on Gas Sector-Wide Review of the Domestic Gas Pricing Framework, the Gas Network Code and moves for conversion of vehicles in the country to autogas.

He said others were the Domestic Liquefied Petroleum Gas (DLPG) expansion, CNG for Power and Electricity as well as Gas Based Industries (GBI) Revitalisation.

On his part, Mr Tunji Oyebanji, Chairman, MOMAN said there was an opportunity for investors to collaborate with government to invest in CNG as alternative fuel to PMS.

Oyebanji said :”In Nigeria, gas is readily available, cheaper and less maintenance cost on equipment powered with it.

“In post COVID-19, the price of refined petroleum products (PMS and AGO) will rise from its present level due to higher demands for crude as most economies that were hitherto locked down open for production.

“This will push up the price of PMS and AGO, energy fuels mostly used in Nigeria, hence the need for alternative fuel for Nigerians.”

He said MOMAN was in support of the gas expansion programme and how domestic gas utilisation could be deepened to enable the government conclude the ongoing process of full deregulation of petroleum products.

In his remarks, Mr Emeka Akabogu, Chairman, OTL Africa, commended the government on its efforts to facilitate increased deployment and use of autogas in the country.

Akabogu said : “We must warn, however, that the role of government in this regard should be limited to facilitation by way of incentives, guidelines and monitoring regulatory compliance, and not delving into operations.

“This will ensure focus on policy, short of the distractions that could arise from procurement, recruitment and related operational issues.”

Edited By: Folasade Adeniran/Oluwole Sogunle (NAN)

https://nnn.ng/promotion-of-gas-utilisation-will-save-nigeria-forex-ngep-chairman/

Waste managers call for increased budgetary allocation to environmental sector NGO attributes social vices to broken homes 2020 Maltina School Games: Lagos Govt. rewards 37 students Coronavirus: Biden says Trump trusted less than Russia’s Putin, China’s Xi Up to 1,000 fans  to watch Italian Open Sweden’s statements on Navalny potentially breaching chemical weapons convention – Lavrov Visa Ban: Kogi government writes United States LCCI begins virtual edition of ICTEL Expo EU executive signs contract for up to 300m Covid-19 vaccine doses Optimal breastfeeding, complementary feeding will prevent malnutrition in children – UNICEF NDA to graduate 779 cadets Oct. 10 Ministry to intensify awareness on importance of ozone layer protection Businessman in court over alleged N1m job scam Fayemi tasks new Oluyin on community development Erdogan says saddened by Sarraj’s decision to step down Kano Fire Service saves 74 lives in 2 weeks Akran of Badagry, a symbol of tradition, culture — Lawmaker United States judge blocks Trump’s postal rules that could disrupt election Strike: Group urges FG to address health workers’ demands for masses’ interests Ondo Guber: Akeredolu’s aide resigns appointment ‘Hotel Rwanda’ hero says he was duped into coming to Rwanda, NYT reports Hamburg player who pushed a fan gets five-game ban, fine Coy seeks Oyo govt’s support on renovation of ancient Mapo Hall  United States democratic senators unveil $350bn funding package to counter China’s rise DPR warns IPMAN against exploitation Don urges councillors to maintain community presence China testing 11 COVID-19 vaccines, 4 undergoing stage 3 trials — Minister JOHESU strike paralyses health activities at UNTH Unilag ASUU advises FG on appointment of pro chancellors Military destroys illegal refineries, recovers stolen crude IGR: Ekiti Assembly calls for effective strategy to mitigate effects of COVID-19 Trump will not visit UN General Assembly during upcoming session – White House UN urges peacekeeping member states to pay contributions in full 2 men in court for allegedly robbing 7 of valuables NGO inaugurates recycling plant in Badagry,  LAWMA pledges support Man, 46, in court for allegedly impersonating police officer Court dissolves 17-year-old marriage over threat to life China’s female peacekeepers promote gender equality, women’s rights – official Oil rises after OPEC warn members to stick to quotas Troops eliminate 16 terrorists, arrest 11 in N/E in 1 week – DHQ Somali president appoints new prime minister Man in court over alleged N50m fraud Man seeks divorce of 13-month-old marriage over alleged deception Climate change plays a role in United States fires, climate expert says COVID-19: Nasarawa Govt. sets up committee on schools reopening  UN investigator on Belarus warns of another ‘iron curtain’ Edo 2020: Youth group tasks stakeholders on peaceful election Police foil robbery attack in Niger Accident claims 1 in Anambra – FRSC NAF distributes medical oxygen cylinders to FCT isolation centres