Dangote Group is building a 1,100-kilometer pipeline which would give the country three billion cubic feet of gas, compared to the nation’s current consumption of one billion cubic feet.
This was confirmed by the President, Dangote Group, Alhaji Aliko Dangote, who said the gas pipeline being built by the company will triple the country’s consumption of the resource.
Dangote spoke whilst on tour of the $14bn (2N2.8tn) refinery, fertiliser and petrochemical complex being built in Lagos.
“We are also freeing up the gas which is right there in the ground.
“We are doing a gas pipeline through the sea, 550 km each for two lines, which is about 1100km from Bonny to here (Dangote Industries Free Zone, Lekki, Lagos). And that will give us three billion cubic feet of gas. At the moment today, the entire consumption of Nigeria is one billion cubic feet. So, we are going to triple that all at a stretch.” Dangote said.
“We are going to evacuate through the gas pipeline. Anybody who has gas can tap into our gas pipeline and it will come down here and we will now connect to other areas going to the North, like Ajaokuta area, the west, Ogun and others.”
Nigeria depends on natural gas for about 80 per cent of its electricity generation, but the country suffers from gas supply shortfall to its power plants.
The Minister of State for Petroleum and Group Managing Director, NNPC, Dr. Ibe Kachikwu, had recently said in a conference that globally, natural gas is increasingly becoming the fuel of choice for power generation.