Nigeria’s move to develop huge gas deposit “step in right direction”: OPEC official

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A gas flare burns at the Batan flow station operated by Chevron under a joint-venture arrangement with the Nigerian National Petroleum Corporation (NNPC) for the onshore and offshore assets in the Niger Delta region on March 26, 2018. The Niger Delta Avengers (NDA), a militant group in Nigeria's Niger Delta, had in 2016 attacked the oil installations and other facilities that cut deeply into Nigerias oil exports, affecting the operations of oil companies in the Niger Delta. / AFP PHOTO / PIUS UTOMI EKPEI (Photo credit should read PIUS UTOMI EKPEI/AFP/Getty Images)

Nigeria’s move to develop its huge gas deposit was a step in the right direction, Mohammed Barkindo, secretary-general of the Organization of the Petroleum Exporting Countries (OPEC) has said.

FILE PHOTO: A gas flare burns at the Batan flow station operated by Chevron under a joint-venture arrangement with the Nigerian National Petroleum Corporation (NNPC) for the onshore and offshore assets in the Niger Delta region. (Photo credit PIUS UTOMI EKPEI/AFP/Getty Images)

“Gas is vital to Nigeria’s future, as is oil, and both will be fuels of choice globally for the foreseeable future and instrumental in facilitating the energy transition,” Barkindo told a pre-summit conference in Abuja on “The Decade Of Gas In Nigeria,” a plan aimed at developing the industry in the country in the next 10 years.

The secretary-general said the gas development plan from 2021 to 2030 was likely to place Nigeria at the forefront of the vital global industry.

He told the audience that the country’s Petroleum Industry Bill currently before the National Assembly was timely for the achievement of the decade of gas.

He said the global primary energy demand was set to increase by 25 percent in the period to 2045.

Barkindo said the world needs more energy, and Nigeria as a reliable and dependable supplier of hydrocarbons to global markets has a key role to play in this regard.

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