The Nigerian Content Development and Monitoring Board (NCDMB) has partnered with 15 firms and investors to develop critical gas projects in the oil and gas sector, News Agency of Nigeria reported.

Nearly 70 percent of its investments are on gas-based projects, especially midstream and downstream gas, covered modular refining, gas processing, gas distribution, power generation, and manufacturing.

The gas-based activities include a partnership with Rungas to produce 1.2 million liquefied petroleum gas composite cylinders per annum and NEDO Gas Processing Company to establish an 80 million standard cubic feet per day (scfpd) gas processing plant and a 300 million scfpd gas gathering hub.

(Writing by P Deol; Editing by Anoop Menon)

(anoop.menon@lseg.com)