• Friday, March 29, 2024
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We supply more gas to domestic market than our competitors – NPDC

NPDC is one of the highest taxpayers to Edo gov’t – MD

The Nigerian Petroleum Development Company (NPDC) on Monday said it has contributed significantly to the supply of gas to the domestic market than its competitors.

Mansur Sambo, the managing director of the subsidiary of the Nigerian National Petroleum Corporation (NNPC), stated this during a facility tour of the company’s Oredo Integrated Gas Handling Facility (IGHF) at Ologbo, Edo State ahead of its virtual commissioning by President Muhammadu Buhari on Tuesday, December 22, 2020 (today).

Sambo said out of about 1.7 billion standard cubic feet per day (mmscf/d) that goes to the domestic market, NPDC and its partners supply about 1.1billion, while the company alone supplies about 650 million standard cubic feet, making it the largest gas supplier to the domestic market.

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He noted that the facility would help in reducing the challenges and traffic congestion experienced in lifting gas product in Lagos.

“We are doing commissioning tomorrow and we have already started operation by selling in earnest. So we want to be ahead of our competitors by making the environment more conducive for our customers because before now, gas lifting is from Lagos and this will ease the gas traffic congestion we have in Lagos.

“For business, it will give them a faster turnaround time because before now, you have to navigate your way from the city of Lagos to Apapa. But today, you can easily load a tanker from Benin and deliver it to Abuja or other farther places. So, these are the changes this facility is going to bring to bear apart from increase in economic activities’, he said.

He said the Integrated Gas Handling Facility and the Liquefied Petroleum Gas Storage and Dispensing Unit was wholly owned and constructed by the NPDC, an upstream subsidiary of the NNPC.

The NPDC boss, who said the plant has already commenced selling gas to customers, explained that it would help to boost the revenue base of the company.

“We have accumulated gas in the tanks to the extent that we cannot continue waiting, hence we have started selling.

“This facility will boost our income even within the NPDC which means we have more money to do even bigger project. This is a project that will bring a significant change to our incomes in NPDC and to the environment because we have taken away a substantial amount of gas that would have been flared,” he added.

He, however, appealed to the host communities to be hospitable to the gas facility, stressing that their presence in the community would boost the economic base of the various communities.