By Adaobi Rhema Oguejiofor
The Management of Gasplus Synergy, an African gas Company, has applauded the Nigerian government agencies in the petroleum industry for the new regulations developed specifically to ensure that gas projects and other similar projects are successfully executed in the country.
The Gasplus Management, in appreciation of the Federal Government and its agencies’ commitments, especially through the “Decade of Gas,” expressly called on private entities with facilities capable of accommodating and promoting the vision and objectives of the Domestic Liquefied Natural Gas (DNLG) project in order to make it available to permit the early and speedy deployment of the project.
This was expressed at a one-day Gasplus-NNPC Gas Marketing Limited (NGML) DLNG Project workshop that took place in Lagos.
According to the organisers of the workshop, the Nigerian economy cannot afford further delays that will affect the early execution and implementation of the project.
The Group Managing Director (GMO) and Chief Executive Officer (CEO) of Gasplus, Mr. Ken Etete, revealed that Nigerians will benefit a lot from the domestic supply of LNG because, for the environment, there will be de-carbonization which is a major target, owing to the fact that diesel and other conventional fuels are not as friendly as gas which is cleaner.
The Managing Director of NGML, Mr. Justin Ezeala, said that the DLNG option has provided a lot of solutions to the problems encountered in the past as a result of the use of other conventional options and that was why they signed Gasplus.
According to him, NGML and Gasplus entered into a relationship where the both parties have a partnership to bring domestic gas to the market.
He also revealed that the plan in the next three years is to make DLNG provide 25 percent of NGML’s total portfolio, and this will help avoid all the issues associated with pipeline gas, as well as pressure issues. DLNG will totally eradicate the cost margin.