Wednesday 3 September 2014

IOCS RAMP UP INVESTMENT IN GAS PRODUCTION ON BACK OF POWER

With the recent increase in gas demand fuelled by reforms in the power sector, gas producing companies have seen opportunities for making more money as they are poised to increase their supply to the domestic market.

Shell Petroleum Development Company (SPDC) has already put in place a $6 billion gas utilsation project, and it has spent about $3 billion of this money, while another $3 billion would be spent on other projects to improve gas supply to the domestic market.

Read more @ Businessday

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