The Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has described gas-to-methanol projects as a new frontier for Nigeria’s economic prosperity, highlighting its vast potential to drive growth and development in the country.
Speaking at the Niger Delta Oil and Gas Investment and Security Summit with the theme: “The Decade of Gas and Investment Opportunities in the Gas Sector” held in Calabar, Cross River State, Ekpo noted that Nigeria’s gas reserves, estimated at over 210 trillion cubic feet of proven reserves and 600 trillion cubic feet of potential reserves, position the country as a gas nation.
Ekpo said: “One of the most exciting opportunities for Nigeria lies in gas-to-methanol projects. Methanol, a versatile industrial chemical used in various industries, is a critical industrial chemical, used in plastics, paints, pharmaceuticals, adhesives, and as an emerging clean fuel.”
Represented by his Senior Technical Adviser, Abel Nsa, an engineer, the Gas Minister said the country is attracting substantial global interest and is already seeing significant investments in methanol production, including the $3.6 billion Brass Methanol Plant in Bayelsa State that is advancing towards Final Investment Decision (FID).
