Bloomberg: Nigeria Plans to Split Gas From Oil Leases to Boost Output

Nigeria, Africa’s biggest oil producer, plans to issue separate leases for gas assets in order to attract more investors to boost output of the fuel, the state-owned oil company said.

“Gas, over the last few years, has become a very prominent commodity on its own, which requires a life of its own,” David Ige, group executive director for gas and power at the Nigeria National Petroleum Corp., said in a May 15 interview in Abuja, the capital. The nation needs companies such as Russian exporter OAO Gazprom and Centrica Plc, the U.K.’s biggest energy supplier, to enter the market to “drive our gas agenda aggressively,” he said.

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