The Nation Newspaper Stakeholders suggest ways to enhance domestic gas penetration
Stakeholders in the domestic gas market have advocated for a change in the pricing templates for the Liquefied Natural Gas to make the product affordable and accessible to homes in Nigeria.
Thompson, who spoke extensively on how efficiencies in the gas sector can lead to wealth and job creation, also added that increased participation of small businesses in the gas distribution network could lead to cost efficiencies. He further stressed the need for the government to focus on regulation and tax collection while allowing the private sector to drive efficiencies.
He pointed out that the lack of infrastructure in the gas sector was a prominent concern, saying “we need to build pipelines that connect processing plants to markets across the country as that is what will make investments in this sector attractive. With adequate infrastructure, investors in the sector could look to supply neighbouring countries with gas”.
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