The Nigeria Content Development Monitoring Board (NCDMB) is partnering with 15 firms to develop various projects in the oil and gas sector such as modular refining, gas processing, gas distribution, power generation, among others.
This was revealed by Ginah Ginah, general manager, corporate communications and zonal coordination, NCDMB during a media workshop held in Abuja where he said that 70 percent of the board’s investments are in gas-based activities, especially midstream and downstream gas.
Among the partners are Rungas, in a bid to produce 1.2 million Liquefied Petroleum Gas (LPG) composite cylinders per annum in Bayelsa and Lagos States, and NEDO Gas Processing Company, in Kwale, Delta State, for the establishment of 80 million standard cubic feet per day (scfpd) gas processing plant and a 300 million scfpd gas gathering hub.
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“The board is also working with Duport Midstream to establish an Energy Park at Egbokor, Edo State, which include a 40 million scfpd gas processing plant, 2,500 barrels per day modular refinery and 20 megawatts power plants,” he said.
Ginah added that the board partnered with NNPC Ltd to invest in brass fertiliser and establish 10,000 tonnes per day methanol production plant at Odioama, Brass, Bayelsa State, and Triansel Gas Ltd in Koko, Delta State, to establish a 5,000 MT per day LPG storage and loading terminal facility.
He said NCDMB had supported Butane Energy Ltd to establish LPG bottling plants and depots in Abuja and 10 northern states, including investment with the MOB Integrated Services on 500 MT Inland LPG terminal construction in Dikko, Niger State.
He added that the project would include the construction of a cylinder refurbishment plant, procurement of 80,000 bottles of LPG cylinders and acquisition of distribution assets, the board also partnered with Amal Technologies to set up a plant in Abuja to produce smart gas/smoke detector alarm devices.
“Another partnership is with Southfield Petroleum to establish a 200 million mscf gas processing plant at Utorogu, Delta State, which will produce 123,000 MT per annum of LPG, about 10 percent of current LPG demand nationwide,” he said.
Ginah said the partnerships and investments are backed by section 70 (h) of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act which states that the NCDMB can “assist local contractors and Nigerian companies to develop their capabilities and capacities to further the attainment of the goal of developing Nigerian content in the Nigerian oil and gas industry,”
Following President Muhammadu Buhari’s declaration of 2021-2030 as Nigeria’s Decade of Gas, Ginah said the NCDMB has also taken deliberate steps to actualise the federal government’s declarations in gas and other aspects of the oil and gas value chain.
“Our investments underscore the importance of gas to Nigeria’s economic sustainability, apart from its role in the energy transition, we know that gas can lead Nigeria to food sufficiency, industrialisation, increase in gross domestic product, and electric power sufficiency,” he said.
