Mkpoikana Udoma
Port Harcourt — The Midstream and Downstream Gas Infrastructure Fund, MDGIF, has stepped up efforts to attract international investment into Nigeria’s gas sector, engaging foreign partners on a proposed gas-to-LPG and power project aimed at reducing flaring and boosting domestic energy supply.
Executive Director of MDGIF, Mr. Oluwole Adama, disclosed this during a meeting with representatives of Africa GTC Power and Invest International, a Dutch government-backed enterprise, in Abuja.
The proposed project, located in Ikwerre, Agbada area of Port Harcourt, is designed to convert flared gas into cleaner energy, generating up to 25 megawatts of electricity alongside significant volumes of Liquefied Petroleum Gas, LPG.
Adama said the initiative reflects the Fund’s strategic focus on unlocking gas resources for economic and environmental benefits.
“The Fund is committed to catalyzing strategic investments that deliver measurable socio-economic benefits,” he stated.
He added that the project aligns with MDGIF’s mandate under the Petroleum Industry Act, PIA, to drive gas infrastructure development and enhance energy security.
According to him, “This initiative supports domestic energy supply, reduces environmental impact, and advances Nigeria’s gas commercialisation objectives.”
The engagement signals growing collaboration between Nigeria and international investors to finance gas-based projects, particularly those aimed at curbing gas flaring and expanding access to cleaner energy for households and industries.
SweetCrude Reports noted that successful execution of such projects could play a critical role in strengthening Nigeria’s midstream and downstream gas value chain while supporting the country’s broader energy transition goals.
This article was originally posted at sweetcrudereports.com
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