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Feather gas project preparation with 750M investment
National Petroleum Company's efforts to develop the natural gas sector are numerous. One of its most prominent future plans is the Risha Gas Field Development Project, with an estimated cost of between $550 million and $750 million. The project includes the construction of a central gas plant with a capacity of up to 50 million cubic feet per day, which is expected to begin operations early next year. The company is also working on marketing the gas through the "virtual pipeline" concept, offering both compressed natural gas (CNG) and liquefied natural gas (LNG). With three companies currently in the market, competition will create price reductions ranging from 30% to 50%, and a fourth company is preparing to enter. The parliamentary committee emphasized the importance of developing the Risha field, monitoring progress, the need to increase production, secure funding, and hold formal discussions with investors to strengthen national energy security.
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