Chevron Nigeria Limited has said it is committed to ending routine gas flaring, boosting domestic supply, diversifying and commercialising gas resources through gas-based industries gas-based industries.
The Chairman/Managing Director, CNL, Mr Jeff Ewing, said this, stressing that the oil major had contributed immensely to the Nigerian government’s gas master plan through the various gas projects it had embarked on.
Ewing, according to a statement, described the company as the highest contributor of high-quality gas to the domestic market in Nigeria.
According to him, the gas strategy adopted by the CNL will end routine gas flaring and build a profitable gas business through a portfolio of domestic, regional and export supply projects that fulfil the NNPC/CNL Joint Venture’s domestic gas supply obligation and support the Nigerian Gas Master Plan.
Ewing noted that through investments in gathering and processing of associated gas, routine flaring had been reduced by over 90 per cent from 2008 to 2017 in the CNL’s operations.
He said, “Amidst the growing global trend in gas production and utilisation, the expectations for the gas sector in Nigeria remain high and provide opportunities for investment in the sector.
“The opportunities include transitioning from an oil-based economy to a more integrated oil and gas economy and end routine gas flaring; deliberate exploration for non-associated gas to support the Nigeria Gas Master Plan, with a focus on high-liquid yield non-associated gas resources to optimise the gas development project economics, and the growth of new industries made possible from the abundant resources and competitively priced gas supply.”
With the oil major said to be supplying about 40 per cent of Nigeria’s domestic gas consumption, Ewing said the company’s gas story began with the implementation of different phases of the Escravos Gas Project, with four phases of development over the years.
He stated that the EGP gas-gathering and processing facilities had placed the CNL as one of the pioneers in creating a practical and economic solution for gas flaring in the Nigerian oil and gas industry.
“The gas-gathering and processing projects involve stripping liquids from rich gas and creating a new revenue stream for the nation from the sale of the liquids.
“Chevron has a long commitment to Nigeria. The company has been making significant investments in the country for over 50 years and it expects to do so for many more years to come. With the right policies, the enormous potential of Nigeria’s oil and gas sector can yield even greater benefits.”