By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: How To Make AKK Pipeline Free From Gas Constraint, Unlock Gas Demand -Vice President Shettima
Share
Sign In
Notification Show More
Latest News
NIMC Cautions Nigerians Against Sharing Personal Data
Crime Insecurity Media Metro News
NRC Nabs Suspects In Fresh Railway Vandalism Cases In Katsina, Niger state
Business Crime Infrastructure Insecurity News Transportation
Nwafor Ogidi festival: Showcasing the heritage, great virtues of a people 
Culture Entertainment Features Hospitality Literature/Arts/Culture Metro News
Promote Women’s Leadership in Nigeria To Witness Transformative Change — Ezenwokike
Civil Society Organisations Gender Metro News Politics
FG Edun Inaugurates New NDIC Management
Business Economy News
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > Oil & Gas > How To Make AKK Pipeline Free From Gas Constraint, Unlock Gas Demand -Vice President Shettima
BusinessNewsOil & Gas

How To Make AKK Pipeline Free From Gas Constraint, Unlock Gas Demand -Vice President Shettima

Publisher
By Publisher Published October 27, 2023
Share
6 Min Read
SHARE

 

By Chidiebere Ugwu

The Obigbo Umuahia-Ajaokuta pipeline will be key to ensuring the AKK pipeline is not gas constrained while opening up new demand along Its right of way, Vice President, Senator Kashim Shettima GCON has said.

The Vice President who gave the advice at the at the 6th Valuechain Annual Lecture and Awards which Thursday at the Conference Auditorium of the Petroleum Technology Development Fund (PTDF) with the theme: “Midstream Gas Development: A Partway to Energy Transition,”

Represented at the event by Sodiq Wanka, Special Adviser to the President on Energy and Power Infrastructure, Office of the Vice President, Shettima also said that there is much work to be done on expanding the Escravos-Lagos Pipeline System, (ELPS) network among others in order to fully unlock gas demand along the Northern corridor.

The Vice President Shettima said: “The theme of this event around midstream gas infrastructure Is very timely. The importance of critical gas transport infrastructure, processing facilities and other midstream infrastructure cannot be overstated. One only needs to look at the number of power plants and factories that have built up around the Escravos Lagos-Pipeline System and Its various spurs.

“Today, | am glad to learn that the AKK pipeline is nearing completion. I congratulate the foresight by the NNPC and other key stakeholders to unlock gas demand along the Northern corridor, But there is a lot of work left to be done. The Obigbo Umuahia-Ajaokuta pipeline will be key to ensuring the AKK pipeline is not gas constrained while opening up new demand along Its right of way. There is much work left on expanding the ELPS network among others.

“These projects can be significantly accelerated if we focus on making investments in them more attractive. Our network code must adequately cover private pipelines; we have to ensure that private investors are able to recover their costs and make a return on their investments by creating a new framework for tariffs that is not too rigid. And we need to have clear guidelines
for tolling. The story is similar for other midstream infrastructure” he said.

Senator Shettima also disclosed that federal government is actively working to resolve longstanding liquidity Issues in the power sector, stressing that power sector remains the largest consumer of domestic gas.

According to him, some of the most ambitious customer metering initiatives are underway or soon to be announced, adding ‘We will continue to strengthen sector governance that favours only technically and financially sound investors to own key assets’

Also speaking during the event, the Chairman of the Editorial Advisory Council of Valuechain Media Group, His Royal Highness, Emir of Kano, Alh. Dr. Aminu Ado Bayero, stated that part of the evolving dynamics ahead of the energy industry stakeholders, is the matter of energy transition, for which a carefully chosen theme has been built around the many prospects of Midstream Gas Development.

“It is not out of place to rely on the many assurances that will be harvested as the outcome of robust deliberations from this gathering, given the caliber of eminent persons we see here today, whose footprints are instructive at policy levels in the sector and industry.

“To get to the point of this assurance, however, I must acknowledge and commend the Federal Government for spearheading the viable transition through the promulgation of the Petroleum Industry Bill (Act). This instructive leap has reinforced the much-needed linkages between the upstream and downstream value chain and has enabled higher prospects for foreign and local investments in the sector” he said.
In his remarks, the Publisher, CEO Valuechain Media Group, Musa Bashir Usman, said the vision for Valuechain has always been clear: to offer the energy industry a special voice.

This voice, he added, is not only dedicated to discussing the challenges that plague the industry but also to transforming it into an attractive investment destination on the global energy map.

The Valuechain boss said the theme of this year’s lecture holds great significance for the energy industry as it highlights the critical importance of developing the midstream gas sector as an integral part of Nigeria’s energy transition journey.

“To achieve our energy goals as a nation, we must consciously invest in infrastructure that facilitates the smooth transition of gas production from the upstream value chain to the downstream end” he said.

Like this:

Like Loading...

Related

You Might Also Like

NIMC Cautions Nigerians Against Sharing Personal Data

NRC Nabs Suspects In Fresh Railway Vandalism Cases In Katsina, Niger state

Nwafor Ogidi festival: Showcasing the heritage, great virtues of a people 

Promote Women’s Leadership in Nigeria To Witness Transformative Change — Ezenwokike

FG Edun Inaugurates New NDIC Management

TAGGED: AKK Pipeline, NNPC Limited, Vice President Shettima

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher October 27, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article Ethnic Youth Leaders Hail Aiteo Over Nembe Creek Blend
Next Article Why Collaboration With Judiciary Is Vital To NDIC Mandate -Hassan
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

NIMC Cautions Nigerians Against Sharing Personal Data
Crime Insecurity Media Metro News July 28, 2025
NRC Nabs Suspects In Fresh Railway Vandalism Cases In Katsina, Niger state
Business Crime Infrastructure Insecurity News Transportation July 27, 2025
Nwafor Ogidi festival: Showcasing the heritage, great virtues of a people 
Culture Entertainment Features Hospitality Literature/Arts/Culture Metro News July 27, 2025
Promote Women’s Leadership in Nigeria To Witness Transformative Change — Ezenwokike
Civil Society Organisations Gender Metro News Politics July 27, 2025

You Might also Like

CrimeInsecurityMediaMetroNews

NIMC Cautions Nigerians Against Sharing Personal Data

July 28, 2025
BusinessCrimeInfrastructureInsecurityNewsTransportation

NRC Nabs Suspects In Fresh Railway Vandalism Cases In Katsina, Niger state

July 27, 2025
CultureEntertainmentFeaturesHospitalityLiterature/Arts/CultureMetroNews

Nwafor Ogidi festival: Showcasing the heritage, great virtues of a people 

July 27, 2025
Civil Society OrganisationsGenderMetroNewsPolitics

Promote Women’s Leadership in Nigeria To Witness Transformative Change — Ezenwokike

July 27, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d