The Nigeria Liquefied Natural Gas(NLNG) Limited, stated that Nigeria needs to leverage its huge gas potential to accelerate power generation.
The Managing Director, NLNG, Mr. Philip Mshelbila, made this known at the Nigeria International Energy Summit (NIES) in Abuja last week.
Mshlbila noted that Gas-to-Power was very important for the country to solve lack of access to electricity. Mshelbila who was represented by the General Manager, Production, NLNG, Mr. Leye Falade, equally outlined key strategies that needs to be implemented for Nigeria to achieve the objective of the Decade of Gas initiative.
He commended the Federal Government for declaring Year 2021 to Year 2030 as the Decade of Gas initiative.
He said it was imperative for Nigeria to leverage on its abundant gas resources to resolve the socio-economic issues bedeviling the nation.
Mshelbila said there was need to develop policies and laws that would encourage investment in the gas sector and unlock its potential.
He added that there was also need to invest massively in gas infrastructure and strengthen the Nigeria’s Gas Master Plan to reposition the sector.
Mshelbila called for the rehabilitation of the existing gas assets and pipelines to meet the increasing demand going forward.
“We need to look at the issue around our reserves. We are now at 209.5TCF proven reserves. We have 600TCF of unproven reserves but we need to develop it to know the true size of our reserves to attract investment.”