The project will see Chevron Nigerian Limited, CNL/NNPC, supply an average of 400mmscf/day, equivalent of 26% total domestic gas supply, the highest by any IOC in the domestic market.
Following this resolution, NNPC/CNLgroup equity in the EGTL Plant will increase from 20% to 60%, even as the Plant will domesticate 1.70million litres per day of premium diesel (14% of Nigeria's daily consumption).
In all, the EGTL Project will bring loads of benefits to the Nigerian economy as well as to the CNL: energy supply, improved gas utilisation, fiscal receipts and a renewed social licence to operate.
Copyright: Fresh Angle International (www.freshangleng.com)
ISSN 2354 - 4104
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Josephine Ojevwe Ughweri
Librarian cum OIl and Gas Correspondent of Fresh Angle International Newspaper. I am a graduate of Library and Information Science, while I have undergone training in Advance Writing and Reportorial Skills.
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