ChevronTexaco pressing Nigerian gas monetization plans

01/12/2004
ChevronTexaco Corp.'s investments in Nigeria are increasingly focused on development, utilization, and marketing of that country's vast natural gas resources.The growing importance of monetizing Nigerian gas is positioning the major oil exporter also as an exporter of gas and gas products to be reckoned with. And domestic demand for natural gas is escalating in Nigeria and elsewhere in Africa as an alternative to burning wood and biomass. Nigeria has targeted an end to all gas flaring by 2008.ChevronTexaco was one of the first major oil companies to pursue gas utilization in Nigeria, beginning with the Escravos gas gathering, utilization, and liquids fractionation project (EGP). M...
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