Nigeria To Have Constant Power Supply Using Flared Gas – Timipre Sylva

Chief Timipre Sylva, Minister of State for Petroleum Resources, on Monday, August 24, revealed that the Federal
Government is currently working to convert the massive amount of gas being flared in the country to electricity for Nigerians at a cheaper rate.

Speaking in Abuja, at the on-going Society of Petroleum Engineers’, SPE, Nigeria Energy Industry Transformation Summit, NEITS, Sylva insisted that the growth of the Nigerian economy is dependent on constant power supply.

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According to the former governor of Bayelsa State, Nigeria has all it takes to bring electricity to its citizens at cheap costs compared to many other countries – that already have steady power supply.

He went on to say that the development of an optimal framework for electricity generation based on natural gas, would create a strong basis for providing electricity to all Nigerian.

“Therefore, a significant network of additional gas pipelines is a priority. The flag-off of the construction of the AKK pipeline is the first important step in this direction.

“Based on increased gas production, stable and predictable gas pricing framework, Nigeria will be able to attract further investment in this sector of our industry. The industry must be aware of the Government’s effort at stabilizing gas pricing with the inauguration a few weeks ago, of a gas pricing committee, currently at work.

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“The proposed PIB will also provide a wide variety of features to ensure that natural gas makes the optimal contribution to sustainable industry and national development in the medium to long term.

“The COVID-19 pandemic triggered unprecedented dynamism in the world’s energy landscape. Nigeria’s current transition from oil dependence to cleaner energy in gas offers a sustainable pathway to industry and national development,” Timipre said.

According to the National Oil Spill Detection and Response Agency, (NOSDRA), oil and gas firms flared 475.6 billion standard cubic feet, BCF, of gas in 2019, an equivalent of 47,600 gigawatts of electricity hour.