Tuesday, 14 May 2013

NNPC Unveils $16bn Gas Infrastructure Programme

The Nigerian National Petroleum Corporation (NNPC) has said preliminary works on the gas infrastructure development project which is expected to attract about $16 billion worth of investment to the proposed Ogidingbe gas-based industrial park will commence next month.
According to the Group Executive Director, Gas and Power of the NNPC, Dr. David Ige, who provided a timeline of activities for the project at the recently concluded Offshore Technology Conference (OTC) in Houston-Texas, United States, work is envisaged to commence on the Ogidingbe Free Trade Zone (FTZ) with the full infrastructure development and Pre-Front End Engineering Design (FEED) of the Central Processing Facilities (CPFs) in June this year.
Ige in a statement from the acting General Manager Public Affairs of NNPC, Tumini Green, explained that the Final Investment Decision (FID) for the CPFs was however expected to be achieved in June 2014.
He noted that by January 2015, construction work on the CPFs would begin while work on the real estate development of the Ogidingbe area which will service the industrial park would begin in March 2015 and erection works at the petrochemical complex was also slated to commence between 2016 and 2017.

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