President Muhammadu Buhari says Nigeria has moved a step closer to the nation’s dream of full utilisation of the nation’s abundant gas potentials.
He spoke Tuesday while commissioning the Integrated Gas Handling Facility and LPG Processing and Dispensing Plants built and operated by the Nigerian Petroleum Development Company, an Upstream Subsidiary of Nigeria National Petroleum Corporation (NNPC) in Oredo, Edo State,
President Buhari said: “The Oredo Integrated Gas Handling Facility and its associated NGLs depot will be delivering 240,000 metric tons of commercial grade Liquefied Petroleum Gas and Propane. It will 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).
“Apart from being the largest onshore LPG plant in Nigeria with the potential of supplying about 20% of Nigeria’s LPG demand, the Oredo Integrated Gas Handling Facility was carefully situated at a corridor proximate to over 80% of Nigeria’s LPG demand source,” he added.
Buhari further remarked that the project was a follow-up to the commitment of the administration towards making Year 2020 as Nigeria’s Year of the Gas:
“At the turn of the Year 2020, this Administration made solemn declarations to the Nigerian public over its plans to expand the gas sector footprints by scaling-up the development and utilisation of Nigeria’s abundant Natural Gas Resources to help spur industrialization, provide clean and efficient energy for transportation and household use while increasing our exports into the international market. It is on the backdrop of this commitment that the Year 2020 was dedicated and embodied as Nigeria’s Year of Gas.
“Since then, we have followed through with actions that have translated those plans into tangible projects with monumental value additions to the Nigerian Economy. We accomplished key gas infrastructure projects like the OB3 and ELPS 2 and flagged-off the Construction Phase of the 614 km AKK Pipeline Project,” President Buhari added.
The President noted that “It was indeed not a coincidence that the completion and commissioning of the aforementioned gas infrastructure projects in this Year 2020 followed the wrap-up of Year 2019 with the Final Investment Decision (FID) for NLNG Train 7…We are exiting Year 2020 with yet another milestone of commissioning the Oredo Integrated Gas Handling Facility LPG Processing and Dispensing Plants which will also support the on-going drive towards providing alternative auto fuel under the National Gas Expansion Program initiative.”