The Federal Goverment has promised to put in place policies and laws that will ensure a level playing field for players in the energy sector.
The goverment maintained that private sector dedication to invest in Infrastructure that will facilitate storage, delivery and consumption of green energy was a perfect bit for the government to carry out its initiative for cleaner sustainable energy sources.
The Minister of State for Petroleum Resources Gas, Ekperikpe Ekpo, gave the assurance on Tuesday at a ground breaking ceremony of 50,000 metric tonnes of LPG Depot Project at the Oil and Gas Free Trade Zone, NPA Complex Onne Rivers State.
The NESGAS 50,000 metric tonnes LPG Depot Project is a collective effort of various companies including NESGAS Producing Limited ,GAS360, Modern West Advisory and Hebron Gas Infrastructure Company.
The Minister at the ceremony maintained that gas as a cleaner energy source plays a pivotal role in meeting the energy demand of the country while also mitigating the environmental impact associated with traditional fossil fuels.
“Government recognizes the pivotal role of the private sector in driving the nation’s socio economic agenda and it is committed to providing the necessary support to facilitate such initiative”
Ekpo said the government is planning to put in place laws that will allow smooth operations in the sector.
“The government is working to establish laws that will guarantee transparency and even playing field for all players in the market”, he said.
Earlier during the overview of the project, the Managing Director and CEO, NESGAS, Tunde Banjo said the project presents the dawn of a new chapter in Africa’s energy story.
“NESGAS leads the way in improving energy gap by enhancing socio economic growth and prioritizing environmental sustainability”
In his submission the Managing Director/ CEO GAS360, which is the technical company in the partnership, Emmanuel Uwandu said the project has multiple potential and the ability to provide about three million small businesses.
“The NESGAS team should be incorporated into the economic planning of Nigeria, we will ensure even those in the creeks get clean cooking gas”
Panelists at the discussion who involved players in the industry and stakeholders were of the opinion that there should be massive production of Gas for the good of the people and the environment, even as regulations are also put in place to ensure standards are met
Highlight of the ground breaking ceremony was the signing of the agreements, partnerships and panel discussion on ‘ Strategies for Successful Market Penetration in LPG Industry: Policy, Funding, LPG supply, Local content and Domestic Partnerships.
