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Home Business News

NNPC to begin gas pipeline construction by Q2 2020

Chidinma Nwagbara by Chidinma Nwagbara
February 27, 2020
in Business News
NNPC, Chinese firm conclude plans to commence AKK project , NNPC refineries dormant for three months, post losses for 13 straight months, Atlantic Council Global Energy Forum, Pipeline Vandalism: Stakeholder collaboration, critical to tame menace - Kyari, Importing petroleum products must stop, NNPC has over $20bn assets - Kyari, Nigeria loses $750 million to crude oil theft in 2019 – NNPC, NNPC to begin gas pipeline construction for Nigerian economy boost, Crude Oil: Unsold cargoes forces price slash

Mele Kyari, GMD, NNPC

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The Nigerian National Petroleum Corporation (NNPC) has disclosed that the construction of the Ajaokuta-Kaduna-Kano gas pipeline would commence in the second quarter of 2020.

The corporation’s Group Managing Director, Mallam Mele Kyari, said the pipeline when fully constructed would help boost economic activities in the country.

Pan Ocean Limited, Nigeria to have 11 oil and gas pipelines operational by 2023 

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Cost of diesel in Nigeria surges by 28.1% in January 2022, as fuel scarcity lingers

Fuel scarcity to end in a few days – NNPC GMD, Mele Kyari

Kyari stated this at the 4th Sub-Saharan Africa International Petroleum Exhibition and Conference in Lagos, with the theme, ‘Oil and gas as an enabler for economic transformation in sub-Saharan Africa’.

According to Kyari, who was represented by the Chief Operating Officer, Gas and Power, Mr Yusuf Usman, the NNPC plans to expand its domestic gas footprint with the delivery of the Escravos-Lagos Pipeline System (ELPS) II and the OB3 gas pipeline to connect the East and the West.

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[READ MORE: Nigeria lost $750 million to crude oil theft in 2019 – NNPC)

He said the capacity of the ELPS would be doubled from 1.1 billion standard cubic feet of gas to 2.2 billion scf.

Speaking on the benefit of the recent passage of the Deep Offshore Act into law, Kyari said it had indeed impacted positively as it had set the industry on the path of irreversible growth.

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He added that with the Final Investment Decision of the NLNG Train 7, Nigeria, Africa’s leading exporter of Liquefied Natural Gas and the fourth in the world after Qatar, Australia and Malaysia, was ready to capture more LNG market.

“Oil and gas resources have remained the major source of revenue that has kept the wheels of Nigeria moving for over five decades. Oil, as we all know, has served as a key enabler to the economic transformation of many nations like Norway, Saudi Arabia, United  Arab Emirates, Qatar and many other oil resources- dependent nations,” Kyari stated.

Meanwhile, the NNPC boss noted that the NNPC, as a national oil company, had been repositioned to support the vision of the President for economic diversification. He said the corporation targeted increasing oil production from 2.3 million barrels per day to three million bpd and at the same time, working with partners to significantly reduce cost per barrel in order to improve the flow of the needed revenue to support economic diversification.

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Tags: Mallam Mele KyariNigerian National Petroleum CorporationNLNG Train 7Yusuf Usman

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