Harnessing Nigeria’s gas resources for industrialisation achievable -Shell

Shell Nigeria Gas (SNG) says harnessing Nigeria’s gas resources for industrialisation is achievable if the country achieved stable regulatory enforcement, fair pricing and infrastructure ownership models in the sector.

A statement by Mrs Gladys Afam-Anadu, Shell’s Communications Manager on Wednesday quoted Managing Director, SNG, Ralph Gbobo as making the assertion at a recent industry event in Lagos.

Speaking at the Energy Week of the Lagos Section of the Society of Petroleum Engineers (SPE), Gbobo said investors needed a stable, fast and transparent implementation of rules.

He also said that a fair pricing regime could be achieved with the right incentives to grow pipeline gas which would also attract more investments.

“We need to create a friendly business environment and a clear plan (e.g., industrial parks or designated zones) so demand is clustered.

”That will make it easier for a distributor to get a license, invest, and build shared infrastructure that serves many industries and not just one or two,” he said.

Gbobo further said that Public–Private Partnership was crucial to industrialisation in the country.

According to him, government backing helps planning and delivery. This model can also support industrial parks and other ways to aggregate demand,”