NIGERIA’S state oil firm NNPC and US-based Chevron Corp unfolded a $2bn investment plan for two projects aimed at converting natural gas to petroleum fuels. The first is the Escravos Gas Project (EGP) phase three, which will process nearly 400m cubic feet of gas per day, while the second project is the Escravos Gas-to-Liquids (GTL). The two projects are billed for completion in 2005. – Reuters