Nigeria Gas Processing and Transportation Company, NGC, says Nigeria’s gas deposit would last for 20 generations .
The Community Relations Officer of the company, Antaih Violin, said this in Abuja on Tuesday during an interview with the News Agency of Nigeria, NAN, on the sidelines of ongoing 10th Nigerian Gas Association International Conference and Exhibition.
He described Nigeria as a nation with abundant gas deposit. He said:
“In a lay man’s term, the NNPC subsidiary has enough gas for use domestically and to sell. There is abundant gas and shortage is not a problem.
“Nigeria is a gas nation, it has gas in abundance. If we can conveniently give gas to Ghana and other neighbouring countries, imagine what we have in our reserves.
“Shortage is not a problem for the NGPTC. We have more than 1.85 trillion cubic feet and that is enough to last 20 generations.”
He added that “there is no question of gas running out. It’s a question of what will we do with it? With this conference I am optimistic that we will have a policy that will restructure the sector.”
Explaining further, Mr. Violin added that with the unbundling of the sector by Nigerian National Petroleum Corporation into NGPTC and the Nigeria Gas Marketing Company Limited, more revenue would flow into the nation’s coffers.
Meanwhile, the Minister of State for Petroleum, Dr. Ibe Kachikwu, has dismissed rumours of an imminent hike in the pump price of petrol.
The petroleum minister denied the reports on Tuesday when approached by newsmen at the end of a meeting between President Buhari and the leaders of Niger Delta at the Presidential Villa, Abuja.
Dr. Kachikwu urged Nigerians to disregard such unfounded report being circulated by some media as they were untrue.