In the last quarter of 2016, the Federal Government through the Ministry of Petroleum Resources, unveiled a new draft National Gas Policy, which articulates the vision of the government to set goals, strategies and implementation plans for the introduction of an appropriate institutional legal, regulatory and commercial framework for the gas sector, The Guardian reports.
“The release of the draft National Gas Policy is a signal that the nation is finally taking a bold step to create room for gas as a specific resource and distinct resource from oil. This is actually the only way forward,” said Audrey Joe-Ezigbo, Co-Founder/Executive Director, Falcon Corporation Limited, and 1st Vice President, Nigerian Gas Association (NGA).
Under the draft NG Policy, the private sector is expected to be the pivot with a new legislative and commercial framework in place. Already, Falcon Corporation, an indigenous midstream oil services operator that provides services in natural gas distribution, engineering, procurement and construction is strongly positioned to successfully drive the Nigerian government’s LPG and gas infrastructure aspiration.
“We have remained steadfast in developing our existing gas business, taking strategic steps towards developing new markets beyond our franchise zone and looking at replicating our gas distribution successes in other parts of the country where gas utilisation would boost economic development.”
“We are currently making an investment in developing LPG tank farms to address the infrastructure gap that has constrained the adoption and utilisation of LPG in various sectors and across the country,” said Prof. Joe Ezigbo, Chief Executive, Falcon Corporation.