Petroleum Africa
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Friday, September 19, 2014
A big boost in natural gas output is expected from Nigeria in the next six years according to the country’s oil minister, Diezani Alison-Madueke. Nigeria will look to triple gas output by 2020, increasing its capacity to 11 Bcf/d from its current 4 Bcf/d.
“We are moving very aggressively into gas for industrialization purposes,” she said. “At the same time we have to work very, very critically on our gas-to-power needs.”
“Gas infrastructure is incredibly capital intensive,” Alison-Madueke said. She declined to say how much money Nigeria needs to build the pipelines, water-treatment plants and other resources needed to deliver gas to electricity generators. The country is in search of investors to aid it in meeting its goals.
“All intending investors are fully aware of the scope of funding that will be required,” Alison-Madueke said in an interview to be broadcast on Bloomberg Television Africa. “We are seeing from both the East and the West interest in our gas investments.” She didn’t identify any countries or companies.
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