Gas Flaring Reduced to 20 Percent in Two Years – FG

ABUJA – The Federal Government has disclosed that gas flaring has been reduced in the country to about 20 per cent over the last two years.

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, who disclosed this last week at the plenary session of the 19th Nigerian Economic Summit in Abuja.

She said that a further reduction is expected in the years ahead, following a series of gas projects including the upcoming petrochemical and fertilizer plants. These would take up a bulk of the gas currently flared, thereby reducing flaring and attendant harm to the environment.

GAS FLARINGShe disclosed that the government is currently positioning the oil and gas sector to ensure that Nigeria controlled at least 10 per cent of the global fertilizer market by 2017, especially as the bulk of the fertilizer companies are expected to come on stream by then.

She identified some of the proposed fertilizer plants to include; * Dangote Petrochemical and Fertilizer Plant to be built at Olokola

* Indorama Fertilizer Plant at Eleme,

* Brass Fertilizer Company at Brass,

* Nagarjuna Fertilizer Plant at Ogidigben, and,

* The International Fertilizer Association plant.

According to her, the need to get the gas sector to drive growth in all sectors of the economy, especially the agricultural sector, necessitated the excision of some key areas of the Gas Master Plan from the Petroleum Industry Bill, PIB. This is meant to accelerate their implementation under the Gas Revolution Agenda.

She noted that the programme has begun to yield dividends, with the establishment of a number of the fertilizer plants, now at advanced stages.

Alison-Madueke explained that the thrust of the two-pronged policy of gas-to-power, and gas-to-industries, is to drive linkages between the power and industrial sectors. The agricultural sector will serve as a key player in the industrial sector on account of its enormous job creation potential and multiplier effect in the economy.

She reassured that gas supply challenges are being tackled through the introduction of fair pricing similar with to what obtains in major gas producing countries like Egypt, and Trinidad & Tobago. She added that there is also massive construction of gas infrastructure such as gas pipelines and gas processing plants.

Also speaking, the Managing Director, Gas Aggregator Company of Nigeria, Mr. Kunle Allen, disclosed that apart from Notore, which is already into fertilizer production, six new companies have expressed interest in fertilizer plants. He added that talks are at an advanced stage with the companies to firm up gas supply arrangements.

He further stated that gas supply challenge is being tackled through the dedication of the 10 per cent of domestic gas obligation for gas-to-industry to petrochemical and fertilizer plants.

VANGUARD

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *