As Nigeria aspire through the federal government constant projection to attain the status of an industrialised nation, industry close watchers have pointed out that this can only be made possible when the right investment strategy is tailored towards natural gas resources.
Availability of power is the key requirement for any growing nation in the modern world for it to succeed in industrialisation, experts opined.
In their various summations, they are saddened that Nigeria which pride herself to be the 9th largest gas reserve holder in the world with about 190 TCF of natural gas can hardly generate and distribute sufficient power and this represents a huge challenge to the country.
Industry close watchers observed that contrary to popular opinion, Nigeria is more of a gas state than a petroleum state and if the needed attention is given to Nigerian gas as it is given to the petroleum, the income and revenue that will be generated from it will make income generated from crude oil a child’s play.
They maintain that the most efficient and cost effective way to generate power is through Natural gas which is readily available in Nigeria.
To them encouraging investment to fund sustainable solution to the power problem facing industries and other estates is a sure way to boost gas-to-power infrastructure for industries and manufacturers.
The basic objective of the gas-to-power concept according to analysts is to convert gas into electricity for not only businesses but households, in a more efficient and economically feasible way depending on local dynamics.
Industry experts observed that CNG technology is the compressing and containerizing Natural Gas to enable shipment to customers either through rails, roads or waterways in Skid tanks, which is in line with the National Gas Policy.”
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According to them, CNG is affordable, sustainable and a safe way to kicks-start the gas-based industrialisation of Nigeria.
“There are organisations that have shown confidence as it affects gas industry with the transportation of gas in tanks and not pipelines, investors need to come on board and key into the smart gas-to-power innovation. It has been established that CNG is the best and safe alternative to transport natural gas to places where gas lines are not readily available,” they said.
They encouraged the Federal Government to harness the resources available in the form of natural gas in other to have more gas related industries;
Industry close watchers opined that CNG is the next solution that can bring succour to industries that spend huge amount of money on diesel engine power supply because public power supply has failed.
“With the Virtual Pipeline Technology, natural gas can be delivered to markets and industrial clusters, which is to customers and areas not reached by gas pipelines”.
Organisations in the Virtual Pipeline Technology space in Nigeria need the desired encouragement to help drive the gas industry with Compressed Natural Gas Technology (CNG).
Analyst further stated that the government at all levels need to focus on triggering and initiating investment in CNG as alternative by giving the empowering conditions to organisations so they flourish and deliver the services needed.
KELECHI EWUZIE
