Saturday, May 2, 2009

Nigerian oil firm to supply 1.2 bln cubic feet of gas in 2009

LAGOS, Feb. 17 (Xinhua) -- The Group Managing Director of the state-owned Nigerian National Petroleum Corporation (NNPC), Mohammed Barkindo, has said that the corporation has established a short-term gas supply plan to deliver about 1.2 billion cubic feet of gas (bcft) to the domestic market by the end of 2009.

Barkindo stated this on Monday in Abuja during his facility visit to gas supply projects in the Niger Delta, the News Agency of Nigeria reported on Tuesday.

"This is a deliberate move towards meeting the 6,000 Megawatt (MW) target for this year by the Nigerian federal government aimed at boosting power supply in the country," he added.

Fidel Pepple, NNPC's General Manager in the Group Public Affairs Division, in a statement quoted Barkindo as saying that the corporation is currently working in West Niger Delta with international oil companies to meet the supply plan on schedule.

The statement noted that already some amount of gas from the projected gas supply plan is being contributed into the gas supply system.

It said the NNPC and the International Oil Companies (IOC's) have agreed to set aside a pre-determined amount of gas for the domestic market in line with the Nigerian federal government's directive in that regard.

The statement added that the NNPC's helmsman announced the gas master plan infrastructure blueprint has provision for three Central Gas Gathering and Processing Facilities (CPFs) in the Niger that will be established to flood the domestic market with gas.

Nigeria has high quality gas reserve of about 184 trillion cubic feet, ranking at the world's 7th largest. But the gas exploration and commercial production is at an early stage due to low domestic utilization rate.

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