adplus-dvertising
Business News

AKK, OB3 Projects to Revolutionise Nigeria’s Gas Market—Ekpo

Nigerias Gas Sector

WATCH THE VIDEO HERE

The Minister of State for Petroleum Resources (Gas), Mr Ekperikpe Ekpo, has said that the Ajaokuta-Kaduna-Kano (AKK) and Obrikom, Obiafu, and Oben (OB3) gas pipelines when completed will change Nigeria’s fortune in the gas market.

He added that this would help the nation’s economy, drive industrialisation and job creation.

Mr Ekpo declared that Nigeria’s gas sector is undergoing a historic transformation under President Bola  Tinubu’s administration, with strategic infrastructure projects set to position the country as a leading gas-powered economy.

Speaking recently at the Nigerian International Energy Summit, he stressed that the planned completion of the 614-kilometer AKK gas pipeline this year, will significantly boost gas supply to industrial and commercial hubs.

“The 614-kilometer AKK pipeline, which is scheduled for completion in 2025, will significantly boost gas supply to key industrial and commercial hubs. This project, along with the OB3 pipeline, will stimulate industrialization, create jobs, and attract investments in manufacturing and power generation.

“These projects are a testament to our commitment to positioning Nigeria as a leading gas-powered economy by 2030 under the Decade of Gas Initiative,” Mr Ekpo said.

He noted that several moves and partnerships have been established by the Nigerian National Petroleum Company (NNPC) Limited.

“These partnerships have resulted in the establishment of five mini LNG plants—Prime LNG, BUA LNG, Highland LNG, NGML/GasNexus LNG, and LNG Arete—all in Ajaokuta, Kogi State. By liquefying gas from existing pipelines and transporting it to areas in need, these plants will enhance economic growth and energy security, particularly in the Northern region.”

The minister also lauded the Group CEO of NNPC Limited, Mr Mele Kyari, for his commitment to expanding mini LNG projects across all geopolitical zones, aligning with President Tinubu’s vision of using natural gas to drive economic growth.

Mr Ekpo reaffirmed the federal government’s commitment to alternative energy solutions, citing the nationwide Compressed Natural Gas, CNG program as a key initiative.

“With over 100,000 vehicles targeted for conversion and a $200 million investment in CNG infrastructure, this programme is a critical step toward reducing transportation costs and promoting energy sustainability,” he said.

Mr Ekpo emphasized that all these efforts align with Nigeria’s Decade of Gas Initiative, which aims to position the country as a leading gas-powered economy by 2030.

“The federal government is actively attracting investments in LNG, CNG, and gas-to-chemicals to create a business-friendly environment that fosters industrialization, job creation, and energy security.

“These projects are a testament to our commitment to a cleaner and more prosperous future for Nigeria,” he added.

WATCH FULL VIDEO

WATCH THE VIDEO HERE