‘Market-based Regime To Accelerate Gas Sector Development In Africa’

The company noted that appropriate pricing of the commodity will enhance investment, increase production and consumption growth. It also called for the inclusion of investors in gas policy development frameworks as part of the process of enhancing capacity and competitiveness of the sector in Africa.

We have the West African Pipeline Project, WAGP that delivers gas to Benin, Togo and Ghana which has the potential to further play a huge role in regional gas development given market-based regimes and adequate investments.” For instance, according to McKinsey & Co, Nigeria has installed capacity of about 40 – 60 gigawatts, GW, of petrol and diesel generators. Switching that capacity to the electricity grid, will lead to an almost 33 metric tons carbon dioxide emissions reduction annually- equivalent to about 12% of Nigeria’s current greenhouse gas emissions. Similarly, substituting firewood, Charcoal & Kerosene with LPG, would have a similar effect.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Electricity market operators seek collaborations, partnerships through golfNigeria's electricity sector operators have noted that collaborations and partnerships were needed to grow the industry, 10 years after it was partially privatized.
Source: vanguardngrnews - 🏆 5. / 75 Read more »

Shettima Seeks Use Of Capital Market Instrument To Bridge Nigeria’s $3trn Infrastructure GapVice president, Senator Kashim Shettima has called for active involvement of capital market stakeholders in bridging Nigeria’s $3 trillion infrastructure
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Fire breaks out at three-storey building in Lagos marketNigeria's independent online newspaper
Source: thecableng - 🏆 2. / 80 Read more »