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Okechukwu Nnodim, Abuja
The Nigerian National Petroleum Corporation through its flagship subsidiary, the Nigerian Petroleum Development Company, on Monday announced the commencement of operations at its integrated gas handling facility.
It also announced that with the commencement of operations at the facility, the quantum of flared gas in Nigeria was being reduced, as the IGHF had capacity to convert the commodity to revenue.
The Managing Director of NPDC, Mansur Sambo, told journalists that the gas produced from the facility and sold domestically were paid for in naira, as against what obtained in the past, where gas buyers paid in dollars.
Vanguard News
NPDC, largest gas supplier to domestic market MD
On
By Prince Okafor
The Managing Director of the Nigerian Petroleum Development Company (NPDC), Mr Mansur Sambo, says the company is the largest supplier of the domestic gas in the country.
Sambo disclosed this while fielding questions from newsmen after a facility tour of the NPDC Integrated Gas Handling Facility (IGHF) in Ologbo, Edo, on Monday.
According to him, “Something significant I will like you to know is that today, NPDC is the largest gas supplier to the domestic market.
“Out of about 1.7billion cubic feet (BCF) that goes to domestic market, NPDC, with its partners supply about 1.1billion and out of this 1.1 billion, NPDC equity is about 620 million standard cubic feet (mmSCF).
The president said this on Tuesday at the Council Chamber of the Presidential Villa while inaugurating the Integrated Gas Handling Facility and LPG Processing and Dispensing Plants.
The plant was built and operated by the Nigerian Petroleum Development Company, an Upstream Subsidiary of NNPC in Oredo, Edo.
According to him, the Oredo Integrated Gas Handling Facility and its associated NGLs depot will be delivering 240,000 metric tons of commercial grades Liquefied Petroleum Gas and Propane.
He added that the facility would also deliver about 205 million standard cubic feet per day of lean gas to the domestic market.
“In addition to its import substitution benefits that brings us a step closer to self-sufficiency in LPG production and also supporting the growth of small and medium enterprises in the host communities, this project will create hundreds of direct and indirect employment opportunities for our teeming youths (both skilled and unskilled).
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