Thursday, May 23, 2024

Tinubu inaugurates gas infrastructure projects in Delta, Imo

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President Bola Tinubu, yesterday, inaugurated three gas projects, reassuring investors in the energy sector of his administration’s resolve to enhance the business environment and investment convenience.

They are the expanded AHL Gas Processing Plant located in Ogbe-Ani Community, Delta State, the ANOH Gas Processing Plant, and the 23.3km ANOH to Obiafu-Obrikom-Oben (OB3) Custody Transfer Metering Station Gas Pipeline located in Ohaji/Egbema Local Council of Imo State.

Tinubu said: “It is pleasing that when these projects become fully operational, approximately 500 MMscf of gas in aggregate will be supplied to the domestic market from these two gas processing plants, which represents over 25 per cent incremental growth in gas supply.

“In practical terms, this is more gas to the power sector, gas-based industries, and other critical segments of the economy. I, therefore, commend the strategic vision of the Nigeria National Petroleum Company Limited (NNPCL) and its partners, Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) and Seplat Energy Plc, for these laudable and value-adding projects.”

He also urged all gas-sector participants and would-be investors to ramp up efforts to accelerate investment and development of projects in the gas sector on a win-win basis, in line with the theme of the inauguration, ‘From Gas to Prosperity: Renewed Hope.’

In a virtual inauguration of the projects at the State House, the President also assured that his administration is stepping up its coordination of other landmark projects and initiatives that will ensure the early realisation of gas-fueled prosperity in the country.

Tinubu noted that the projects are fully in line with the Decade of Gas Initiative and his government’s vision to grow value from the nation’s abundant gas assets, while concurrently eliminating gas flaring and accelerating industrialisation.

He said that his government remains determined in its bid to leverage the nation’s vast gas capacity to drive economic growth.

He added: “Aside from the presidential Compressed Gas (CNG) initiative, which is aimed at moving Nigerians away from petrol and diesel as vehicular combustion fuel, significant progress has also been recorded in incentivising gas development through presidential directives.”

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