The Minister of State for Petroleum Resources, Chief Timipre Sylva on Thursday unveiled the Nigerian Content Development and Monitoring Board (NCDMB) Gas Hub and performed the groundbreaking ceremony of Rungas LPG Composite Cylinder Manufacturing plant, located inside the Gas Hub at Polaku community, Bayelsa state.

The Gas Hub is sited at the 10.6 hectares of land which the Board had purchased at Polaku Community in 2013 for the purpose of establishing a pipe mill. Discussions with various investors regarding set up of the pipe mill did not yield desired results, thereby forcing the Board to re-strategize on how to utilize the land for productive uses.

Speaking at the event, the Minister stated that the project was in furtherance of the efforts of President Muhammadu Buhari’s administration to diversify the Nigerian economy by developing the nation’s huge gas resources across the entire value chain.

He commended NCDMB for re-strategizing to utilize the 10 hectares of land for gas related projects, adding that the event is a practical step being taken to give effect to the Federal government declaration of 2020 as year of gas.

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Source: PetroleumAfrica