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Thu, Mar

NNPC’s Gas Handling Facility Begins Operations

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The Nigerian National Petroleum Corporation (NNPC) through its subsidiary, the Nigerian Petroleum Development Company (NPDC) has on Monday announced the commencement of operations at its integrated gas handling facility with a reduction in gas flaring.

The Managing Director, NPDC, Mansur Sambo made this known while addressing journalists, saying “The project will bring significant change to the income of the NPDC. It will bring significant change to the environment because we are substantially taking away the amount of gas that would have been flared.

“Today we are converting it into naira. You may ask me why naira? We are an indigenous company and we are happy to take naira. Today, the naira is even more scarce than the dollar.”

Speaking on the IGHF, the NPDC boss said We are already selling gas and we want to be ahead of our competitors by making it easy for people who lift gas.”

“Before now, most of the gas liftings are from Lagos. So this will ease even the traffic congestion you have in Lagos. For businessmen, it will give them a faster turnaround time.”

He noted that gas produced by the IGHF is being exported to other West African Countries to serve both domestic and foreign markets.

“We are exporting to some African countries. The gas we produce is injected into the Escravos Lagos Pipeline. Part of what goes into the ELP is distributed in the domestic market for companies such as the Egbin Power Plant, among others,” Sambo said.

“There is a portion of it that goes to the West African Gas Pipeline and the WAGP is actually a customer of the NPDC and so we export some of the gas.”

He added that “Our income is coming in dollars from sales to our neighbors, but the gas we sell domestically is paid for in naira. And NPDC is the largest gas supplier to the domestic market.”

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