Fiscal framework will enhance gas development — NNPC GMD vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
By Peter Uzoho
The federal government through the Ministry of Petroleum Resources and the Nigeria Liquefied Natural Gas (NLNG) Limited are collaborating to produce the blueprint for the actualisation of Nigeria’s industrialisation and transformation through the ‘Decade of Gas Initiative.’
On the back of that, the NLNG is sponsoring the 2021 Nigeria International Petroleum Summit’s (NIPS) pre-conference, holding in Abuja on March 29, where President Muhammadu Buhari will lead top oil and gas stakeholders in attendance to brainstorm and flag off the ‘Decade of Gas’ project.
The pre-NIPS conference, with the theme: “Towards a Gas-powered Economy by 2030,” is in furtherance of the federal government’s declaration of January 1, 2021 to December 31, 2030 as ‘The Decade of Gas Development for Nigeria’.
By Emmanuel Addeh and Udora Orizu in Abuja
The Minister of State for Petroleum Resources, Mr. Timipre Sylva and the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, yesterday advocated the inclusion of gas terms in the Production Sharing Contracts (PSCs).
They called for a legislative framework with clear fiscal terms in order to tap the full potential of the gas resources in the nation’s deepwater acreages.
Kyari and Sylva spoke at a one-day public hearing on ‘Inclusion of Gas Terms in Production Sharing Contracts (PSCs) by the Nigerian National Petroleum Corporation (NNPC)’, organised by the House of Representatives’ Joint Committee on Gas Resources, Petroleum Resources (Upstream) and (Downstream).
PIB: FG holds summit on artisanal, modular refineries operations vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
The Nigerian National Petroleum Corporation (NNPC) has called for a legislative framework with clear fiscal terms in order to tap the full potential of the gas resources in the nation’s deepwater acreages.