In a country that has the world’s 9th largest gas reserve, a success story in this sector was long overdue. The chevron Nigeria limited fills this long-awaited position. Currently, it is the largest supplier of the household gas in Nigeria. One can imagine the magnitude of efforts, planning, and execution needed to achieve this goal.
Nigeria has been on a roll in the recent past. The economy is looking up. The Nigerian football team gave an impressive show in the World Cup this year, and it was only due to bad luck that they couldn’t proceed to the quarter finals.
It’s also a reason that we have more Nigerian sports betting fans than before, who don’t shy away from trying out Nigerian football betting with Betway and winning big.
The Nigerian Gas Development Story
However, we aren’t going to talk about football here but Chevron’s astounding success.
Jeff Ewing is the managing director of the CNL. He strives to work in accordance with the government’s master plan to increase the user base of domestic gas in Nigeria. CNL currently accounts for 40% of the total gas supplies I domestic households.
Nigeria is an untapped market in terms of gas consumption and utilization. Mre and more people need to be encouraged to use the natural gas for cooking and lighting purpose. Together with that, it will also serve as a source of revenue for the government. Nigeria is the largest petroleum reserve country in Africa. She alone can supply enough oil, and gas to the other African nations. Here, she will have an advantage over the middle-east nations. The transportation cost will come down dramatically. Nigeria needs to tap this opportunity and use it in her favor.
The Chevron Nigeria limited came into a figure at the right moment. The company’s policies made it a household name in no time. The company’s success began with the planned implementation of the escravos gas project in four phases. This allowed the company to spend enough time and resources in creating a practical solution for gas flaring. The company spends a considerable amount on gas gathering and processing facilities. This allows better extraction from the crude oil. Other than that, the company also provides employment to a large fraction if the Nigerian population.
The MD of the company outlined that the company plans on reducing regular gas flaring so that its distribution becomes more profitable. He is quite optimistic about the company’s future. He emphasizes that Nigeria has a big untapped market for gas and petroleum-related products. With the better availability of gas, other industries will also come up. This will ultimately help in the economic rise of the country.
No wonder the Chevron Nigeria limited is flying high in the sky. When a company actually invests in research and transportation, their success is sure. Nigeria needs a company that understands its gas needs and works for it. The government’s master plan is there for the reference. But a company which follows those plans and implements them is praise-worthy.
