Friday 10 July 2015

GAS TO POWER PROJECTS NOT ATTRACTIVE – EXPERTS

Gas turbine exhaust stacks, Ihovbor power stationThe absence of a bankable commercial framework continues to pull the plug on huge gas investments badly needed to meet the country’s growing power supply needs, industry experts have said.

Nigeria, Africa’s top oil producer, is estimated to have at least 185 trillion cubic feet in natural gas reserves, making it the most endowed country on the continent in terms of gas reserves, ahead of Algeria, Egypt and Libya.

Read more @ Punchonline

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