Energy

Gas infrastructure gap needs $10b investment

To close Nigeria’s gas infrastructure gap, the Federal Government and oil and gas stakeholders will require $10 billion investments, The Nation has learnt.

The Vice President, Gas & Commercial, Aiteo Exploration and Production (E& P), Victor Okoronkwo, stated this at the Nigerian Gas Association (NGA) financial forum on investing in Nigeria’s future held in Lagos.

Speaking on “Enabling gas to power infrastructure – beyond pipelines,” Okoronkwo said besides the gas infrastructure gap of $10 billion, Nigeria also needed between $15 billion and $20 billion to fill the gap in gas-to-power value chain.

He said: “The huge infrastructure gap is key in developing the Nigerian Gas Master Plan, establish a commercial framework and an infrastructure blue print for natural gas. It is estimated that infrastructure gap in the gas sector requires about $10 billion over the next two to four years.”

‘Gas infrastructure gap needs $10b investment’

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