Port Harcourt — The Petroleum Industry Bill holds the ace to be one of the biggest opportunities for the Nigeria’s gas future as a nation, the Nigeria Liquefied Natural Gas Limited, NLNG, has said.
NLNG Boss, Tony Attah, said this on Monday at the virtual pre-summit conference of NIPS 2021 titled, ‘The Decade of Gas’, organised by the Ministry of Petroleum Resources and sponsored by NLNG.
Attah said the world’s transition into cleaner energy remains a great opportunity for Nigeria, as the country was blessed with plenty gas reserves – 200tcf of proved reserve and an additional 600tcf scope to be proven by SEC rules.
He called for collaborative efforts for the country to meets her target of achieving a gas economy by 2030, explaining that gas remains the fastest growing transition fuel for the future.
“This will require solid collaborative effort, and the active participation of all stakeholders including the National Assembly currently working the Petroleum Industry Bill.
“The PIB holds the ace to be one of the biggest opportunities for our gas future as a nation and we should not miss this window.
“Gas is power and energy. Gas is transport – as in auto gas. Gas is petrochemicals – feed stock. Gas is manufacturing and Industries. Gas is food from fertilisers.”
The NLNG Boss maintained that gas is everything for Nigeria, as it has the capacity to transform the country like it did for Qatar.
‘We must use what we have to get what we want. Saudi Arabia and Dubai used oil to move their economies to becoming one of the best in the world, Qatar has used gas to transform from a fishing economy to becoming a global gas giant. Nigeria has both oil and gas.
“However, Nigeria has thus far ridden on the back of oil for over 50 years, but the time has come for Nigeria to fly on the wings of gas– at Nigeria LNG, we believe it is time for gas.”