Energy remains a major driver of economic growth and industries in Nigeria need to embrace the use of Compressed Natural Gas (CNG) which is safer and more efficient for their production needs as the country moves towards becoming globally competitive and eco-friendly.
Speaking at the Future Energy Conference 2017 organized by the West African Power industry Conference (WAPIC) in conjunction with the Federal Ministry of Power, Works and Housing, the Managing Director of Powergas, Mr. Pulak Sen reiterated to the audience the need to migrate from diesel based Power Generation to Gas Based Power Generation, which is cheaper & cleaner source of Fuel. Compressed Natural gas (CNG) is more cost efficient and safe to handle, when compared to Conventional Liquid Fuels.
“We provide a Complete Energy Solution to customers, ranging from CNG supply, Gas Generator based IPP as well as Solar Hybrid Solutions through our diversified group offerings. We partner with various OEM Suppliers & Industries and supply CNG to different parts of the country, where no Pipeline is available.”
Nigeria is rich in Natural Gas, as it holds 190 trillion standard cubic feet (Tcf) of proven reserves, making it the ninth largest gas reserves in the world, but ironically, Nigeria ranks 22nd in production and utilization whereby only 13% of Gas Production is used for Domestic Power Generation.
Mr Sen added that Powergas delivers CNG through the Virtual Pipeline technology to markets and industrial clusters. In the current scenario, most industries use Diesel for Power Generation in the hope of connecting to Pipeline Gas. Powergas unique virtual pipeline solution eliminated the need for Pipeline Gas and guarantee uninterrupted demand and supply flow. He also commended government on its effort towards the Power sector especially ensuring reduction in gas flaring.
Also speaking at the event, the Chairman, Senate Committee on Power, Senator Enyinnaya Abaribe stated that the government is committed to the development of the Power sector because of its importance to improving the Country’s GDP. “We know what Nigerians want and we are looking for the most effective way to produce and distribute safe, efficient and sufficient Power for our people and industry. Renewable energy is the future of Nigeria’s power sector.”