Diezani Alison-Madueke spoke at a national conference organised by the Senate Committee on Gas Resources and said the country is beginning to see a change in the direction of natural gas utilization with a novel initiative. In a paper titled ‘Encouraging Investment on Gas production and consumption,’ she praised the pilot project between the Nigerian National Petroleum Corporation (NNPC) and NIPCO, through a joint venture scheme: Green Gas Ltd.
According to the minister, the drive has resulted in significant infrastructure development within and around Benin City. She said the use of natural gas instead of petrol has translated into significant savings for the taxi drivers in the area, as Green Gas refuels over 4,000 taxis and cars with natural gas and this is growing on a daily basis.
Moreover, manager director of NIPCO Venkataraman Venkatapathy,who also attended the conference, stated that globally gas industry is increasing its focus and effort to increase NGV adoption. However, he noted that policy and regulatory support from the government is needed to launch incentives similar to those of other fuels in the country as well as to speed up the construction of needed fueling infrastructure.
In his presentation titled ‘Natural Gas Vehicle Sustainability and Opportunity,’ Venkatapathy he listed the measures needed to boost the project: special gas pricing (lower than power sector); subsidy to vehicle owners for this purpose; waiver of custom duty on importation of NGVs; and ensuring that 50% of imported vehicles are equipped with CNG technology, reported local newspaper ThisDay.
In this positive scenario for the entire continent, NGV2014 South Africa Conference & Exhibition on November 17-20 will take place at Sandton Convention Center, precisely in Johannesburg. For further information on the event, please visit its official website.