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Nigeria’s Gross Domestic Product (GDP) is set to receive a major boost to the tune of over $240 million per annum within the next four years from the 300 million standard cubic feet per day (mmscfp/d) Kwale Gas Gathering Facility (KGG) in Delta State.
Nedogas Development Company Limited (NDCL) disclosed this yesterday at the inauguration of the KGG and the upgraded Nedogas Processing Plant (NGPP)- two critical gas infrastructure, by the Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo.
In the project document shared at the event, the company said the $240 million contribution to the country’s GDP and socio-economic growth would be through trunk line tariffs, liquid product sales to off-takers and other infrastructural tariffs and tolling revenue due to the network and trunk line operators.
Nedogas is a joint venture between Xenergi Limited, a subsidiary of Oildata Energy Group, an indigenous Nigerian oil and gas company, and the Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with the Nigerian Gas Infrastructure Company (NGIC), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC).
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