LAGOS, Nigeria (VOICE OF NAIJA)-Nigeria is advancing towards becoming a leading gas-powered economy through the development of three major gas projects valued at approximately $4.15bn, the Federal Government announced on Thursday.
These projects, overseen by the Nigerian National Petroleum Company Limited, include the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project, the Obiafu-Obrikom-Oben (OB3) Gas Pipeline Project, and the Assa North-Ohaji South (ANOH) Gas Project.
The Permanent Secretary, Federal Ministry of Petroleum Resources, Nicholas Ella, revealed this information during an interactive session with employees of the ministry
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He said, “Under the Decade of Gas initiative, we significantly expanded gas infrastructure, including the AKK Gas Pipeline Project, the OB3 Gas Pipeline Project, and the ANOH gas project being undertaken by the NNPC Ltd.
“These projects are geared towards ensuring an efficient and widespread distribution of gas, positioning Nigeria as a leading gas-powered economy.”
Industry data indicates that the ANOH project is valued at $650 million, following a cost optimization program that reduced the initial budget from $700 million.
The project is not yet operational, with the first gas expected in the third quarter of 2024.
The AKK gas pipeline project has an estimated total cost of approximately $2.8 billion, highlighting its significance beyond just the construction phase.