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Ige, who is also Acting Managing Director of the Gas Aggregation Company of Nigeria, disclosed this at a send-off ceremony for Alhaji A.G. Usman, who retired from the company’s services and from the NNPC, in Lagos, adding that all of Nigeria’s existing gas reserves were discovered in the course of prospecting for oil and that there had been some efforts to create incentives for energy companies to explore specifically for gas, particularly as the power sector’s drive to leap frog was dependent on the much needed fuel.
He said gas supply would remain a challenge despite the best efforts already put in, explaining that improvement would be experienced in 2013 and 2014.
He said: “From 2013 to 2014, we will begin to see improvement. 2012 is going to remain a challenge for us as it would be the toughest year as regards gas supply to power. But as we move forward, things would get better.”
He stated that there had been challenges with recent performance issues with existing plants eroding base supplies, noting that in the short term supply from existing points would be stabilized while stranded volumes would be unlocked.
The Minister of Power, Barth Nnaji, had, however, stressed that gas had remained the impediment to power targets, revealing that as part of the privatisation process, the transmission company of Nigeria (TCN) would be transferred to the private sector by the second quarter of this year.
Nnaji, who disclosed that the medium term had development system, which is the construction gas pipeline from east to west, would be completed to enable excess gas in the east to be transported to the west where there is a short fall. He said: “Just give us gas and we will have power in this country.”
The problem, he explained, was that there was no prior plan to increase gas supply to match the increase in power currently being experienced in the country.Share