AGPC Chair explains why partnerships are critical in developing Nigeria’s gas sector
Commenting on the $260 million debt raised, the chairman of the ANOH Gas Processing Company, Yusuf Usman says that it is amazing that the project has attracted financing from local banks and the project feeds Nigeria's pipeline infrastructure.
Wed, 03 Feb 2021 11:49:06 GMT
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AI Generated Summary
- The importance of partnerships in driving gas projects forward and enabling efficient financing structures
- The revolutionary impact of the midstream processing company in streamlining the delivery of gas to the domestic market
- The significance of the AGPC gas processing company in feeding gas into critical pipeline infrastructure and enhancing power production in Nigeria
Chairman of the ANOH Gas Processing Company, Yusuf Usman, has highlighted the critical role of partnerships in developing Nigeria's gas sector. At the recent signing ceremony of a $260 million debt deal in Abuja, Usman emphasized the importance of collaboration between companies and the government to drive gas projects forward. The agreement between Dan, Chevron, and Chevron to create a midstream processing company is set to revolutionize the sector by streamlining the process of getting gas into the domestic market. This innovative model separates upstream and midstream activities, allowing for quicker delivery of processed gas to consumers. It also relieves the upstream sector from midstream costs, enabling more efficient financing structures. Usman noted that the partnership with local banks demonstrates the viability of the project and sets a precedent for future investments in Nigeria's gas infrastructure. The AGPC gas processing company is poised to feed gas into three critical pipeline infrastructures, potentially producing up to 1,200 megawatts of power. This development is significant in the context of Nigeria's power production and highlights the transformative impact of the project on the country's energy landscape.
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