Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


NNPC says gas revolution agenda intact

02 September 2013, 15:34

Abuja - The Nigerian National Petroleum Corporation (NNPC) said on Monday that the Federal Government gas revolution agenda was intact.

The corporation said that decision of Shell and Chevron Nigeria Limited to withdraw from the Olokola Liquefied Natural Gas Project would not derail the policy.

This is contained in a statement issued in Abuja by Tumini Green, Acting Group General Manager, Group Public Affairs Division of the NNPC.

The statement said the Gas Revolution Agenda, launched in March 2011, was not only intact but had also taken off with significant progress in gas supply for power generation and industrial usage.

"The Federal Government Gas Revolution Agenda, which is an integral part of the Gas Master plan, cannot be derailed just like that.

"NNPC can confirm that the exit of Shell and Chevron will not impact on the President’s Gas Revolution Agenda.

"In fact, very good progress is being made with domestic gas supply which has reached the highest level of 1500mmcf/d from about 500mmcf/d about three years ago,’’ it said.

It noted that more than 70 per cent of this gas was being directed to the power sector pursuant of the Gas Revolution Agenda.

It explained that the gas-based industrialisation agenda of President Goodluck Jonathan planned for Ogidigben in Delta had teed-off with site data gathering activities.

It stressed that major new heavy gas-based industries such as fertiliser and petrochemicals, among others, would come on board to create the much-needed jobs.

"All these are very much under way and unaffected by the recent exit of Shell and Chevron from OKLNG.

"Similarly, the Brass LNG project is unaffected by this exit as shareholders of the Brass LNG are different.’’

According to the statement, the NNPC is determined to continue to work with partners and stakeholders to ensure that Nigeria continues to be the desired location for gas-based investments.

"In a changing global gas market, OKLNG inevitably has suffered a setback as a result of the exit but effort will be intensified to secure other willing investors.

"NNPC and the Federal Government remain committed to this project," it assured.

-  NAN


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...