{"id":197011,"date":"2022-06-17T21:47:53","date_gmt":"2022-06-17T20:47:53","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=197011"},"modified":"2022-06-17T21:49:51","modified_gmt":"2022-06-17T20:49:51","slug":"nigeria-taking-steps-to-develop-gas-resources-says-sylva","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/06\/17\/nigeria-taking-steps-to-develop-gas-resources-says-sylva\/","title":{"rendered":"Nigeria taking steps to develop gas resources, says Sylva"},"content":{"rendered":"<p>Minister of state for petroleum resources, Timipre Sylva has stated that the government is taking steps to expand and develop its huge gas resources through enhanced gas exploration, development and utilisation schemes.<\/p>\n<p>This was stated on Friday by Sylva<span class=\"acssf62a8\">\u00a0at the 10th-year anniversary celebration of West African Gas Pipeline Company Limited (<\/span>WAPCo<span class=\"acssf62a8\">), themed \u2018Driving regional energy\u2019, held in Lagos on Friday.<\/span><\/p>\n<p><span class=\"acssf62a8\">The minister, represented by Adedapo Odulaja, his chief of staff,\u00a0<\/span><span class=\"acssf62a8\">said Nigeria had approximately 209 trillion cubic feet (TCF) of proven gas reserves, with a potential upside of 600TCF.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cThis is well placed to take a leading role in providing the much-needed gas,\u201d <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/06\/06\/timipre-sylva-nigeria-needs-affordable-sustainable-energy\/\">Sylva<\/a> said.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cFurthermore, the recently enacted Petroleum Industry Act (PIA 2021) will undoubtedly support Nigeria\u2019s, and indeed the global, endeavor to eliminate energy poverty as envisioned in the UN\u2019s Sustainable Development Goal (SDG).<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cThe Act has generous incentives to enhance the development, distribution, penetration, and utilisation of gas, even as it incentivises entry into the midstream.\u201d<\/span><\/p>\n<p><span class=\"acssf62a8\">Sylva said Nigeria and <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/06\/14\/osinbajo-africa-must-collaborate-with-world-to-benefit-from-intl-taxation-initiatives\/\">Africa<\/a> would play a leading role in the energy transformation in order to achieve net-zero emissions with natural gas playing a pivotal role.<\/span><\/p>\n<p><span class=\"acssf62a8\">He advised the government to, therefore, persist in expanding the natural gas industry towards global economic recovery and shared prosperity.<\/span><\/p>\n<p><span class=\"acssf62a8\">Sylva said the establishment of WAPCo represents the region\u2019s effort at self-development and energy security.<\/span><\/p>\n<p><span class=\"acssf62a8\">He noted also, that the objective of the West African Gas Pipeline (WAGP) project at inception, amongst others, was to improve the competitiveness of the energy sectors in Ghana, Benin, and Togo.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cThis is by promoting the use of cheaper and environment-friendly natural gas from Nigeria in lieu of solid and liquid fuels, for power generation and other industrial, commercial, and domestic uses,\u201d Sylva said.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201c10 years down the line, the WAGP has literally become the poster child of economic integration in West Africa.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cThe synergy that created this fellowship of industry players, under the public-private partnership banner, is the type we currently preach as an administration.\u201d<\/span><\/p>\n<p><span class=\"acssf62a8\">Greg Germani, managing director, WAPCo, said from conception through to the operational phase of the WAGP, Nigeria had constituted an integral part of its value chain.<\/span><\/p>\n<p><span class=\"acssf62a8\">He said Nigeria shared resources with the rest of the sub-region.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cI also salute the vision and courage of ECOWAS and the commitment it took to navigate the complexities of forging a bond of four diverse nations, with two private concerns, to create this outstanding example of partnership and collaboration,\u201d Germani said.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cAs we travelled the entire stretch of the pipeline system, celebrating the successes and achievements of the WAGP and sharing our stories, I could only pause to marvel at the human spirit.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201c10 years of operations will certainly come with obstacles and challenges.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cHowever, WAPCo is now an efficient and dependable natural gas transporter to customers in Benin, Togo, and Ghana, supporting safe, cleaner, efficient, long-term, and secure power generation from gas supply sources in both Nigeria and Ghana.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minister of state for petroleum resources, Timipre Sylva has stated that the government is taking steps to expand and develop its huge gas resources through enhanced gas exploration, development and utilisation schemes. This was stated on Friday by Sylva\u00a0at the 10th-year anniversary celebration of West African Gas Pipeline Company Limited (WAPCo), themed \u2018Driving regional energy\u2019, [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":95330,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[40148,1660,40149,40147],"class_list":["post-197011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-adedapo-odulaja","tag-timipre-sylva","tag-un-sdgs","tag-west-african-gas-pipeline-company-limited-wapco"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria taking 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