The growing push for gas utilisation and development in Nigeria will require over $20 billion investment in transmission and distribution infrastructure, FranzEnergy said yesterday after signing a liquified natural gas development project in Delta State.
Speaking in Abuja at the signing ceremony, which took place at the Nigerian Oil and Gas conference, General Manager of FranzEnergy, Osi Okonkwo, said LNG option remained critical to capture gas flare and addressing the transport challenges in lifting liquified petroleum gas in the country. The new deal, Okonkwo said, would see the development of five million cubic feet that would have been flared. He added that the gas plant from the deal would bring onboard LNG, propane and LPG.
According to him, gas plants and major pipelines, such as the South-North gas pipeline, which originates from Qua Iboe, pass through Obio/Akpor, Enugu, and connect to the Ajaokuta-Kaduna-Kano pipeline, remained critical.