Dr Ibe Kachikwu recently spoke of the mandate of President Muhammadu Buhari’s administration to shift focus from oil-dependence to gas was yielding results.
According to Mr Ibe, the agreement will open unbelievable opportunities as the first phase will produce 2200 standard cubic feet, scf, of gas to 5,000 scf.
”President Muhammadu Buhari provided this leadership under the seven big wins. Conversations have been on over the last two-three years.
”Our first step was to set up the Nigerian Gas Management Company and Nigerian Gas Pipeline Transportation Company.
”I am happy that a few months after we launched the gas policy, we are seeing this happening. We want to ensure that the payment issues are dealt with and made on time so there is a good financing for the project,” he said.
He begged other investors to invest in the sector, saying ”we will see what we can do to move this fairly fast from oil-focused to gas-focused zone”.
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