THE Nigerian Midstream and Downstream Petroleum Regulatory Authority has praised Shell Nigeria Gas for its intentional and active investment in Nigeria’s vital gas infrastructure to supply gas for powering industries in key areas around the country.
According to a statement released by SNG on Friday, the Chief Executive of NMDPRA, Farouk Ahmed, stated that Nigeria need accelerated gas infrastructure to deepen domestic gas distribution across the country.
When Ahmed met with SNG’s Managing Director, Mr Ed Ubong, and Shell Energy Nigeria’s General Manager, Markus Hector, in Abuja recently to discuss how to deepen investments in Nigeria’s domestic gas operations, Ahmed was cited to have said:
“I commend Shell Nigeria Gas for investing heavily in critical gas infrastructure to supply gas for power generation to industries,” adding that his agency was putting in place the right framework to encourage competition, competitive prices, flexibility of supply and investments in gas infrastructure.
“The Federal Government’s desire to boost infrastructure development, especially in the midstream, necessitated the enactment of the Petroleum Industry Act and the NMDPRA will put the necessary regulations to make business favourable to investors.”
The NMDPRA boss also encouraged that the SNG continue to be transparent, responsible, and practice good corporate governance in its business activities in the country.
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