Seplat Petroleum Development Company Plc says it is making huge investments to increase gas production to support Nigeria’s gas-to-power programme.
Mr Roger Brown, Chief Executive Officer, Seplat, gave the assurance while delivering a keynote address at the ongoing Nigeria International Petroleum Summit (NIPS) on Wednesday in Abuja.
The News Agency of Nigeria (NAN) reports that the summit has its theme as :“From Crisis to Opportunities: New Approach to the Future of Hydrocarbons.”
Brown said that Seplat, as an indigenous company, recognises the pivotal role gas would play in Nigeria’s energy transition journey following the global move for cleaner sources of energy.
According to him, in line with the Federal Government’s declaration of the Year 2021 to Year 2030 as the “Decade of Gas Development”, there is a need to create a free market pricing for domestic gas.
He said that fiscal incentives should also be granted to investors in the gas sector to drive domestic gas utilisation, the autogas scheme as well as supply of gas to power plants.
Brown also called for massive investment in gas infrastructure to reduce greenhouse gas emissions and intensification of efforts to reduce gas flaring in the country.
He disclosed that Seplat currently supplies a third of the gas needed to provide electricity in Nigeria and would continue to work assiduously towards the objective.
Brown said that the company was also investing in infrastructure development within its host communities and creating employment opportunities for Nigerians.