Oil and gas remains a significant component of energy 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.
The Group Chief Executive Officer, NNPC Limited, Mele Kyari, stated the above the ongoing 2023 Nigeria International Energy Summit holding in Abuja with the theme: “Global Perspectives for a Sustainable Energy Future”
“In order to achieve that, NNPC is poised to reliably deliver energy to our stakeholders, though efficient utilization of hydrocarbons and other new energy sources which our 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 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 we are unlocking more opportunities across both the oil and gas value chain spanning from supply and infrastructure to the markets”, he added.
“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”, he stressed.
“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 noted.
“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 maintained.
“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”, he stressed.
The 6th edition of the Nigeria International Energy Summit according to him 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.