Sunday, June 26, 2011

Two years on, intrigues stall N60b gas-to-power project (Guardian)
22 June 2011

AN unsavoury mix of intrigues and power-play may have been hampering the execution of the $400 million (N60 billion) gas treatment processing scheme at Utorogu and Oben in Delta State.

The project, scripted to end gas flaring and provide dry gas for improved power generation in the country, has been bogged down by alleged continued officialdom, since July, 2009, when a company, Southfield Petroleum Limited (SPL), secured the Federal Government's mandate to build supplementary treatment facility at Utorogu and Oben gas plants.

Already, accusing fingers are being pointed at the Nigerian National Petroleum Corporation (NNPC) and Shell Petroleum Development Company (SPDC), with allegations that they are deliberately thwarting the contractor's efforts to kick-start the projects. Indeed, the latest accusation is that NNPC is planning to use a yet to be created consortium to do the same project while the subsisting agreement with another firm remains on hold.

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