The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday said that by the end of the month, the Federal Government would have settled the contractual structure that would aid the country to unlock gas offshore instead of depending solely on the Niger Delta.
Kachikwu, who spoke at the ongoing Nigerian Gas Association (NGA), 11th International Conference and Exhibition in Abuja, said this is why the Ministry is determined to settle the issues of the contractual framework that would help her unlock those gas resources so that we have optionality, at end of this quarter.
Kachikwu, who was represented by his Senior Technical Adviser, Upstream and Gas, Mr. Gbite Adeniji, said that Nigeria can no longer tolerate a situation where 11 power plants across the country would be forced to shut down, once there is a disruption in gas supply through the Escravos Lagos Pipeline System (ELPS).
Source: The Nation