Gas projects will generate increased revenue for businesses, says Kyari

The Nigerian National Petroleum Company Limited (NNPC Ltd), says the country’s gas sector is now well-positioned to help businesses in the country generate more revenue.

The Group Chief Executive Officer, NNPCL, Mele Kyari said this when he spoke with newsmen on Wednesday in Owerri.

He spoke on the sidelines of the presidential inauguration of three critical gas infrastructures in Delta and Owerri.

Tinubu also inaugurated the expansion of the AHL gas processing plant 2 gas project in Kwale in Delta.

The projects are being undertaken by NNPC Ltd and partners in line with Tinubu’s commitment to significantly leverage gas to grow the economy.

According to Kyari, the Tinubu-led administration is ensuring a conducive environment for businesses to thrive in the country.

“There’s ample fiscal environment today. The laws are good. It encourages gas development, and taxation is lower. Businesses can make more money from gas in this country.

“And that is why we are seeing renewed interest in taking investments in the floating Liquefied Natural Gas (LNGs) that is already happening.

“We are already progressing massively on one other LNG product, and there are a number of other floating LNG projects that are now ongoing,” he said.

According to Kyari. the inauguration of the various infrastructure is evidence of a gas revolution in play.

“what this means to our country is that enormous resources are being put into domestic market.

“It will provide gas for power, gas for industries, gas to chemicals, and that value chain.

“It will create jobs, employment taxes, and everything that you can imagine a typical gas countries should benefit from.

“And this is becoming very apparent because you do need the backbone infrastructure to deliver on all this. And this is what Mr President has pushed, and we are delivering on them.”

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