‘Nigeria can generate 7,000MW of electricity from flared gas’
THE 1.2 billion cubic feet of gas flared daily could avail the nation about 7,000MW of efficient thermal power, over 1,400 agro processing facilities, 350 textile plants, 70 fertilizer plants with opportunity for creation of over one million jobs.
This is the assertion of the Group Managing Director, Oilserv Limited, Emeka Okwuosa, in a paper titled: “Natural Gas Development in Nigeria,
A Compelling Investment Frontier In A Turbulent Oil Market”, presented at the Petroleum Technology Association of Nigeria’s forum in Houston Texas, recently.
Besides, the OilServe Group, a consortium of Pan African Oil & Gas and Power companies that provide services across the Oil & Gas and Power sector value chains in the Sub-Saharan Africa region, has incorporated two new companies – FrazOil Limited and FrazPower Limited.
Okwuosa said that the national focus must shift to increasing domestic gas utilization if we are to see the progress desired for Nigeria.
He lamented the continuous importation of petroleum products, which he put at $20 billion yearly despite being a major crude oil producer.
Okwuosa emphasized the need for the country to create measures to discourage flaring; reduce emphasis on new Liquefied Natural Gas export capacities; expedite the remaining construction scope of gas infrastructure as laid out by the Nigerian Gas Master Plan (NGMP); and institutionalize NGMP.
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1 Comments
it is people in the industry that would have to work to create the local demand of gas and reduce flaring. why haven’t this kind of companies develop alternative to transport the gas to various generation companies, that continue to complain of low gas supply. this gas can be trucked to various plants. they could be put on trains and move closer to this plants. if you create local demand, investor would invest to fill those demand. NNPC should develop and increase the use of cooking gas across the country. this would create demand, while reducing flaring. there are commericial uses, even for residential homes to generate electricity. the problem is that our leader are not interested in improving the country. their goal is to loot the nations. there are loads of things to increase demand for gas locally, and when this demand increase, investor would invest to fill that gap.
We will review and take appropriate action.