The Nigerian National Petroleum Company has said it 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.
Mele Kyari, group chief executive officer of the NNPC Limited disclosed this at the 6thNigeria International Energy Summit NIES 2023, with the theme: Global Perspectives for Sustainable Energy Future, taking place in Abuja
He said sustained energy sufficiency directly enables economic growth and development as can be seen in the history of the developed countries.”This is why we are focused on efficiently producing energy while minimizing the effect on the environment.”
He said oil and gas remains a significant component of energy the global energy mix therefore the country is unlocking more opportunities across both the oil and gas value chain spanning from supply and infrastructure to the markets.
“For instance, 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 CNG and 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.”
He said as 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.
He said in addition to the company’s existing Upstream activities, it is 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, stating further that the company is hopeful that the recent spud-in of the EBENYI – A in Nasarawa State will yield positive result as well.
According to him, the 6th edition of the Nigeria International Energy Summit has provided us all with a platform to tell our story and engage further based on our unique landscape and strengths which will eventually contribute to form part of the global narrative. NNPC will continue to leverage our partnerships with the Industry, Government, Research Institutions and the Academia to ensure energy security and sustainability.
Olusola Bello