Some text extract of this article, “Nigerian Gas Master Plan” is drawn from an article on Nigerian National Petroleum Corporation (NNPC) website.
We are saying this so you can understand how credible the article is and to inform you too that the article is used as placeholder while our reporters bring more stories from the oil and Gas sector for publication.
The article reads:
“As part of Nigeria’s resolve to become a major international player in the international gas market as well as to lay a solid framework gas infrastructure expansion within the domestic market, the Nigerian Gas Master Plan was approved on February 13 2008.”
Could this be the period when President Goodluck Jonathan was in power as interim president?.
“The Master-Plan is a guide for the commercial exploitation and management of Nigeria’s gas sector.
It aims at growing the Nigerian economy with gas by pursuing three key strategies:
Stimulate the multiplier effect of gas in the domestic economy
Position Nigeria competitively in high value export markets
Guarantee the long term energy security of Nigeria
Now on the orientenergyreview website, an article was published where the Frontier Oil Boss asks the Federal Government to Review the Gas Master Plan.
Published by Margaret Nongo-Okojokwu, the report reads:
“Chief Executive officer of Frontier Oil Limited, Mr. Dada Thomas has called for a review of Nigeria’s Gas Master Plan so as to eliminate the challenges hindering its implementation.
Addressing newsmen in Lagos, Thomas, however, stated that the Gas Master Plan is a very commendable initiative due to the fact that it provides a holistic master plan for the rollout for a gas plant for Nigeria and other projects.
I think the big problem with the Gas Master Plan is it is a huge budget; it is a very ambitious project and the nature of large projects is that they are subject to problems.
And in Nigeria in particular, it has been subject to funding problem and execution problem because it is been directly implemented by government and all in all it is a project with the ambition of it and the non-standard nature of it makes it difficult to make it readily and easy to execute,” he argued.
REASONS TO THE GAS MASTER PLAN REVIEW
He said, “When you are not funding a project properly as it ought to be you would run into many problems. I have said it before I am not a supporter of government directly running businesses. Government should create environment for businesses and the private sector to run projects and run businesses. The Gas Master Plan is actually a good thing, but it is suffering an execution problem.
He called on the Federal Government and other stakeholders to encourage the increased use of Compressed Natural Gas (CNG), as it is cheaper and cleaner than Premium Motor Spirit, PMS.
“CNG is a good development for Nigeria; it is just a shame that we don’t have two critical things that will make it even better; a proper rail system and a proper road network.
“Many of the estates along Lekki are been powered by CNG power generation systems. The Lagos State power plant at Lekki and Marina are powered by compressed natural gas system. If you go to Ota CNG is plentiful in that area.
“CNG is a very good thing. It is a technology we need to use a lot more. It allows stranded power generation and consumers to generate power economically. It is far better than diesel any day of the week.
Furthermore, Thomas stated that Frontier Oil is considering building a refinery in Nigeria and it is also taking steps position the company strategically, making it possible to compete in the global petroleum industry.
He said, “We as a company, we are trying to grow and we are looking for mergers, acquisitions and new assets. One of our strategies is to look at local value addition.
“For us, a refinery is what we will look at. If we don’t undertake it we look for a party that is willing to undertake it.”
On this site we have reported that Sanwo-Olu says $629m funding milestone for infrastructure devt at the Lekki Seaport: