The corporation said gas supply to the power sector had grown from 620mmscf/d to about 920mmscfd between 2010 and 2013 and that steady and sustainable progress was being made on gas to power.
The Group Managing Director of NNPC, Andrew Yakubu, stated that while gas supply was seeing rapid growth, growth in demand for same was even faster but ongoing massive gas pipeline projects across the country will provide a veritable platform for individual homes and estates to be linked with gas pipelines to enhance domestic use.
Yakubu who was represented by the Group Executive Director, Gas and Power, Dr. David Ige, made this disclosure, while participating in a panel discussion on power at the Nigeria Investment Summit in New York.
He said in a statement from the acting Group General Manager Public Affairs of the corporation, Tumini Green, yesterday in Abuja, that the NNPC was equally championing improved domestic use in Nigeria because it provided cleaner and safer energy for households. While revealing that the housing estate owned by the Shell Production and Development Company (SPDC) in Warri, Delta State was fully fitted with facilities for supply and use of domestic gas, Yakubu equally stated that homes and residential estates in the Federal Capital Territory (FCT) Abuja will soon benefit from such similar gesture with the completion of ongoing pipeline projects in the country.
“The ongoing trunk Calabar-Ajaokuta-Kano gas pipeline project will soon avail the corporation the opportunity to provide gas through pipelines to homes and estates for the Federal Capital Territory, Abuja which is a ready market for the project,” he said.
He also spoke on the status of gas to power in the country, saying: “Supply grew at an average annual rate of 20 per cent in the last three years to 1500mmscfd. The non-power sector has almost doubled from 185mmscfd to 310mmscfd. Similarly, about 360-kilometre of gas pipelines have been completed and inaugurated.”
He projected that by the second quarter of 2015, gas demand for the power sector would grow to 2200mmcfd, noting that with the massive outlay of pipelines, the NNPC would continue to grow gas supply exponentially to meet the demand.
According to him, there were other gas supply projects that were ongoing at various levels of maturation after 2015.
One of such he said include, the big Assa North with a target capacity of 750mmcfd by end of 2018. He anticipated that total incremental additions by the end of 2018 will be 2150mmcfd.
Yakubu implored prospective investors to invest in the multibillion dollar Ogidigben industrial park which offers investment opportunities in petrochemical, fertilizer, methanol and other non-oil sector of the Nigerian economy, which he described, as the choice destination for quick return on investment.
Information from This Day was used in this report.