The Nigerian National Petroleum Company ( NNPCl) has said it is actively supporting Federal Government toward realization of key initiatives such as the Decade of Gas
The company further stated that it is unlocking opportunities across both oil and gas value chains spanning from supply and infrastructure to the markets
Presenting his keynote address at the 6th Nigeria International Energy Summit (N.I.E.S), in Abuja on Monday, the Group Chief Executive Officer (GCEO) of NNPCL, Mele Kyari, said, the world today has recognized the need to for ensuring sustainability in the energy landscape which is in line with the current realities and as key players in the energy sector, with a mandate of providing energy for the county still remains a priority.
Mele Kyari who was represented by Mohammed Ahmed, Executive Vice President, Gas, Power & New Energy, NNPC Limited. said the theme of the conference, “Global perspectives for a sustainable future” was aptly and thoughtful for operators in the industry.
According to him, NNPC is poised to reliably deliver energy to its stakeholders, through efficient utilization of hydrocarbons and other new energy sources which the country is blessed with.
“You will agree with me that sustained energy sufficiency directly enables economic growth and development as can be seen in the history of developed countries. This is why we are focused on efficiently producing energy while minimizing the effect on the environment.”
“Oil and gas remain a significant component of energy in the global energy mix therefore we are unlocking more opportunities across both the oil and gas value chain spanning from supply and infrastructure to the markets.”
Kyari stated that NNPC Limited is actively supporting the Federal Government towards the realization of key initiatives such as the Decade of Gas and the National Gas Expansion Programme (NGEP) which seeks to deepen natural gas utilization as an alternative transportation fuel, virtual gas supply to off-pipeline grid gas customers and gas utilization as feedstock for the development of gas-based industries.
This is evident in the definite actions taken to utilize Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG) to power vehicles, buildings and power plants.
NNPC Limited is also investing heavily in critical gas infrastructure such as the Ajaokuta-Abuja-Kano (AKK) gas pipeline and the OB3 gas interconnector to support 5 Bscf/d of domestic gas utilization including 5 GW of power generation capacity by developing power plant projects along the AKK pipeline corridor and across the country to complement the existing ones.
For the gas export market, the on-going NLNG Train 7 will expand Nigeria’s LNG production capacity to about 30 million tons per annum (30 MTPA). This is in addition to the planned Nigerian Morocco and the Trans Sahara Gas Pipeline projects which will supply gas to sub-regional African countries and subsequently Europe.
“In addition to our existing Upstream activities, we are also deepening exploration activities of the Nation’s frontier Basins using the best industry standards and technologies which is already yielding results such as the Kolmani discovery, and we are hopeful that the recent spud-in of the EBENYI – A in Nasarawa State will yield positive result as well.”
