AS part of efforts to boost the economic strength of the SouthEast, the Nigerian National Petroleum Corporation (NNPC) and the Gas Aggregation Company of Nigeria (GACN) said they have worked out modalities to promote gas usage as a preferred fuel for Nigeria’s industrialisation.
To this end, plans are afoot to expand gas utilisation in the region using both market-based and government-backed frameworks to clear existing bottlenecks to the market’s transition.
Speaking at the SouthEast Gas Utilisation Forum organised recently by the GACN in Owerri, the Minister of State, Petroleum Resources, Mr Timipre Sylva, stated that besides the region’s enormous natural gas deposit which would be a useful energy supply source, the region’s industrial composition provides for Nigeria’s gas market the complementary demand point needed to unlock the market’s budding potential.
He thus pledged to support the efforts by the NNPC and GACN in deepening gas utilisation. Themed “Natural Gas Utilisation and Optimisation in Nigeria – focus on the South Eastern Hub,” the forum was organised in partnership with the five governors of the region: Dr. Okezie Ikpeazu – Abia; Chief Willie Obiano – Anambra; Mr Dave Umahi – Ebonyi; Ifeanyi Ugwuanyi – Enugu; and Senator Hope Uzodimma – Imo.