Ondo Seeks Partnership With NNPC, Chevron To Revive LNG Firm

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Yemisi Izuora
Ondo state government is taking steps to revive the OK Liquefied Natural Gas, plant which is run by the government.

To achieve the objective, the State Governor, Rotimi Akeredolu said government would be partnering with other stakeholders like the Nigerian National Petroleum Corporation, NNPC and Chevron.

  This was the high point of a meeting held in the office of the Chief of Staff to the President, Alhaji Abba Kyari, at the Presidential Villa on Sunday.

 Akeredolu noted that the initiative emanated from the state’s economic and industrialization summit held in June, 2017.

   He explained that the gas programme was one of the five key decisions taken at the summit, adding that the state is blessed with large gas deposits that would transform its economy and boost federal revenue.

 He said: “We were at the meeting that has the Chief of Staff in attendance and what we have come to do is on the economic diversification initiative.

“As you are all aware, sometime in June, we had our summit in Akure, Ondo. And following the summit, we had about five points that we needed to now take up.

“We have to come in and to hold meeting with all stakeholders, including NNPC, Chevron, Shell and others, and even some of our investors, for all of us to discuss on these five points.

 “We were particular about being on the gas plan and it has been made clear to us that we have always been on the national gas plan and that all that is now needed is for us to decide what and what to be done.

“We have the OK LNG and we felt that something has to be done there,’’ he stated.

According to Akeredolu, NNPC has put a lot of effort to have OK LNG developed “but some of the partners withdrew from it”.

He said: “The estimate of gas reserve in Ondo State is large. You know gas reserve is not limited to Ondo State. Even if we need gas it does not necessarily have to come from Ondo State alone.

“You have the pipeline that comes from Bonny, Escravos, everywhere; we have too but the pipeline we have now is from the east”.

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