WAGP 'on track'

10 December 2009

Nigeria's decision to reserve 30 per cent of its fuel production for domestic use will not affect its supply commitments to the West African Gas Pipeline (WAGP) project, the government has assured investors.

The minster of petroleum resources Dr Rilwanu Lukman rebuked suggestions that quantity would be an issue in an interview with the Daily Champion during the Oil & Money conference in London last week.

"How can anybody say we don't have enough gas? We have enough gas potentially but we need to develop it," he stated.

Dr Lukman went on to express confidence that the recent ceasefire following security tension in the delta would hold and infrastructure projects to supply more gas to Brass LNG, OK LNG and the new Nigeria LNG trains would advance.

The country is currently pushing forward its Petroleum Industry bill - which would give the Nigerian government greater control over the sector - and Dr Lukman was recently quoted by the Wall Street Journal as saying it could be put into effect by 2012.

Category: Energy