- President Buhari gave an address at the GECF Summit in Doha, Qatar.
- FG declares intention to focus more attention on natural gas exploitation.
The Federal Government has announced its intention to invest and focus attention on natural gas exploitation in the country. Speaking at the 6th Gas Exporting Countries Forum (GECF) Summit in Doha, Qatar, President Muhammadu Buhari said the enactment of the Petroleum Industry Act (PIA) was designed to enable Nigeria to derive more value from natural gas.
He said Nigeria, a gas province with some oil, was committed to the sustainable growth of natural gas exploitation and utilisation, both for domestic use and export via LNG and pipeline gas to sub-regional African countries.
According to the president, Nigeria is embarking on different initiatives, projects, and policies to enhance the performance of the oil and gas sector. He listed some of the gas initiatives Nigeria is currently embarking upon, including the National Gas Expansion Program (NGEP). “NGEP is designed to provide framework and policy support to extend gas supply and utilisation in power generation, gas-based industries, and emerging niche gas sectors. Such as gas in transportation, Liquefied Petroleum Gas (LPG) for cooking and remote virtual gas supply using trucks to convey LNG and Compressed Natural Gas (CNG) to industries,” he said.