ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home Business

FG eyes $200m revenue from NPDC gas facility

30th December 2020
in Business
0
FG eyes $200m revenue from NPDC gas facility
0
SHARES
140
VIEWS
Share on FacebookShare on Twitter

The Federal Government says it hopes to generate $200 million annually into the country’s coffers from the Integrated Gas Handling Facility (IGHF) and Liquefied Petroleum Gas (LPG) processing and dispensing plants in Ologbo, Edo State. 

Investment newsletter from Nigerian Investment Promotion Commission, NIPC, says the lean gas can generate at least 267 megawatts of power per day and also ensure feedstock to gas-based industries. In total , the NPDC stands to generate revenue in excess of $200m per annum from the IGHF plant,” a documentary put together by the NPDC during the event showed. 

Speaking during a ceremony to declare the over 200 million standard cubit feet per day project open, President Muhammadu Buhari said Nigeria is closer to the nation’s dream of full utilisation of its abundant gas potential. 

The facility was built and operated by Nigerian Petroleum Development Company (NPDC), an upstream subsidiary of the Nigerian National Petroleum Corporation (NNPC). 

Buhari confirmed that the integrated project was capable of supplying 20 per cent of the current LPG demand in the country, stressing that it underlines the seriousness with which the Federal Government is handling its gas projects. 

“The Oredo Integrated Gas Handling Facility and its associated NGLs depot will be delivering 240,000 metric tonnes of commercial grade liquefied petroleum gas and propane. It will also deliver about 205 million standard cubic feet per day of lean gas to the domestic market…”

Click Here>>>>>>7 Natural Herbs to Finally End Premature Ejaculation and Weak Erection<<<<<<

Click Here>>>>>>Anti-kidnap and anti-theft device for tracking and listening<<<<<<

Tags: federal governmentLiquefied Petroleum GasNPDC
Rapheal

Rapheal

Related Posts

Banks ready to fund Lagos rail projects –Egube, Budget & Planning Commissioner
Business

Banks ready to fund Lagos rail projects –Egube, Budget & Planning Commissioner

19th January 2021
Salvaging downstream sector from imminent collapse
Business

NNPC posts N1.22bn trading deficit

19th January 2021
Stockbrokers endorse Lagos Commodities Exchange
Business

Neimeth to raise N5bn in additional equity

19th January 2021
Next Post
BUA increases by 25.1% to N54.0 bn in Q1

BUA Cement, Access, drive NSE’s ASI up 0.80%

Resolving Nigeria’s security crisis

Ways to become ‘a better you’ in the New Year

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

COVID-19: NCDC records 1,617 new infections, 14 more deaths in Nigeria

Former Ambassador, Bolere Ketebu Okehie is dead, Buhari mourns

Ahmed Musa cries: Yahoo Boys after me!!

Ighalo wants Eagles return

Pushing back Youth unemployment post-COVID-19

2020: How strikes, COVID-19, govt wrecked education

Trending

Kano LG polls: Chairman-elect dies 36 hours after winning election
Politics

Kano LG polls: Chairman-elect dies 36 hours after winning election

19th January 2021
0

From Desmond Mgboh, Kano A newly elected chairman, under the platform of the All Progressives Congress (APC)...

kano

COVID-19: Kano bans viewing, event centres

19th January 2021
Kaduna University ready to reopen Jan. 25 – VC

Kaduna University ready to reopen Jan. 25 – VC

19th January 2021
Ghana records over 19,000 COVID-19 cases

COVID-19: NCDC records 1,617 new infections, 14 more deaths in Nigeria

19th January 2021
Former Ambassador, Bolere Ketebu Okehie is dead, Buhari mourns

Former Ambassador, Bolere Ketebu Okehie is dead, Buhari mourns

19th January 2021
ADVERTISEMENT

Follow us on social media:

Categories

  • Abuja Metro
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist