NNPC assures on gas supply to power plants, Monday, 10 Apr 2012  

(The Nation) The Nigerian National Petroleum Corporation (NNPC) has assured it will improve on gas supply to the power plants across the country in the next 48 weeks. Nigerian National Petroleum Corporation (NNPC) Group Executive Director, Gas and Power, Dr. David lge, gave the assurance while speaking with reporters after inspecting the Escravos to Lagos gas pipeline project at Chanomi creek in Warri South West Local Government Area of Delta State being undertaken by Fenog Nigeria Limited, an indigenous company. Ige said they have done a lot in laying the new gas pipeline, just like the one they have just inspected, expressing confidence that the contractor will complete the work on time. He said the combination of what they are doing on the supply side is what they are doing on the demand side. He explained that they will significantly improve the supply of gas to the power plants over the next 48 weeks and are doing a lot of work already. He said work at the Utorogun and Ughelli gas plant to increase capacity from 320 million cubic to 510 capacities is in progress.

Ige disclosed that the new power plants at Olorunsogo in Ogun State could not be put into effective use for now because the existing pipeline was very small, but assured that Nigerians would in the next six weeks notice significant stabilisation of gas supply to the power plants. "As you can see, the work is being delivered 100 percent by an indigenous company, Fenog Nigeria Limited. The company is doing very well and we will continue to encourage the Management and staff of the company as well as other indigenous companies", he said. The Executive Director, Fenog Nigeria Limited, Mr Mathew Tonlagha, said the company invested massively in acquiring the latest equipment in the world because of its belief in the local content agenda of the Federal Government. Tonlagha assured that the project would be delivered on time to meet the expectations of Nigerians and also to prove to the world that "we can handle some of these projects ourselves."

  Recent 10 Market News Headlines  
  Shell Shuts down 200,000bpd Crude Oil Pipeline(THISDAY)  
  Bharti Sells Tower Assets in Nigeria to ATC(THISDAY)  
  FG earmarks $100m for rice, cassava farmers in Nigeria(DailyIndependent)  
  National debt rises to N10.8tn(Punch)  
  Chinese, Nigerian firms to invest $40m in tractor assembly plant(Vanguard)  
  Securities Lending obstacle to Market Making as stocks fall(BusinessDay)  
  GEs distributed power expands presence in Nigeria(BusinessDay)  
  Lagos most prepared for oil slide as IGR tops 75% of budget(BusinessDay)  
  Market Insight 24Nov 2014  
  FG to cut petrol subsidy by half in 2015(Vanguard)