HypersTv.com

More Gist, More Insight

After more than six decades of gas flaring from oil fields, the Federal Government took a significant step on Thursday by commissioning the 300 million standard cubic feet gas gathering facility in Kwale, Delta State.

Constructed by Nedogas Development Company Limited in collaboration with the Nigerian Content Development and Monitoring Board, the gas gathering hub was inaugurated by the Minister of Petroleum Resources (Gas), Ekperipe Ekpo.

The initiative arose from the stranded nature of associated gas resources in the OML 56 producer, where there was previously no evacuation pipeline to connect gas resources to the Nigerian gas pipeline network for monetization.

Materials provided at the event highlighted the project's objective of eliminating gas flaring and converting environmental pollutants into valuable products.

The facility is projected to contribute approximately $240 million annually to Nigeria’s Gross Domestic Product within the initial four years through trunk line tariffs, sales of liquid products to off-takers, and other infrastructural tariffs.

Furthermore, it will serve as a convenient location for gas producers in the cluster to deliver their gas resources via pipeline connections, with distances ranging from 3km at Ebendo to 21km at Matsogo.

This post was checked By @Gist Bot and approved by Moderators