Breaking

Genesis Energy Strengthens Commitment to Nigeria’s Energy Transformation, Hosts Katsina State Governor
Genesis Energy Strengthens Commitment to Nigeria’s Energy Transformation, Hosts Katsina State GovernorGenesis...

NMDPRA Rolls Out Gas Distribution Licenses to Expand Nigeria’s Gas Utilization
NMDPRA Rolls Out Gas Distribution Licenses to Expand Nigeria’s Gas Utilization The Nigerian Midstream...

NPA, NLNG Strengthen Ties to Boost Nigeria’s LNG Exports
NPA, NLNG Strengthen Ties to Boost Nigeria’s LNG Exports Lagos, Nigeria – The Nigerian Ports Authority...

Nigeria Seeks $1.1 Billion to Expand Renewable Mini-Grids Amid Power Crisis
Nigeria Seeks $1.1 Billion to Expand Renewable Mini-Grids Amid Power Crisis In a bid to tackle Nigeria’s...

Nigeria’s Gas Paradox: Minister Calls for Accelerated Domestic Utilisation
Nigeria’s Gas Paradox: Minister Calls for Accelerated Domestic Utilisation Abuja, Nigeria – The Minister...

NCDMB ES, SPDC Officials Commend Brightwaters Energy’s Capabilities During Facility Tour
NCDMB ES, SPDC Officials Commend Brightwaters Energy’s Capabilities During Facility Tour The Executive...

Access Bank Wins THISDAY ‘Global Bank of the Year’ Award, Aig-Imoukhuede Named ‘Titan of the Year’
Access Bank Wins THISDAY ‘Global Bank of the Year’ Award, Aig-Imoukhuede Named ‘Titan of the Year’ Access...

Inclusive Energy Transition in Africa: The Role of Cooperation and Funding
Inclusive Energy Transition in Africa: The Role of Cooperation and Funding As the global push for clean...

Engr. Gbenga Komolafe Honored as ThisDay CEO of the Year
Engr. Gbenga Komolafe Honored as ThisDay CEO of the Year Engr. Gbenga Komolafe, Chief Executive of the...

PTML Customs Aims for One-Hour Cargo Clearance
PTML Customs Aims for One-Hour Cargo Clearance Lagos, Nigeria – The Port and Terminal Multi-Purpose Services...
Happy New Year
Genesis Energy Strengthens Commitment to Nigeria’s Energy Transformation, Hosts Katsina State Governor
Genesis Energy Strengthens Commitment to Nigeria’s Energy Transformation, Hosts Katsina State Governor
Genesis Energy Strengthens Commitment to Nigeria’s Energy Transformation, Hosts Katsina State GovernorGenesis...
Read More
NMDPRA Rolls Out Gas Distribution
NMDPRA Rolls Out Gas Distribution Licenses to Expand Nigeria’s Gas Utilization
NMDPRA Rolls Out Gas Distribution Licenses to Expand Nigeria’s Gas Utilization The Nigerian Midstream...
Read More
NPA, NLNG Strengthen Ties to Boost Nigeria’s LNG Exports
NPA, NLNG Strengthen Ties to Boost Nigeria’s LNG Exports
NPA, NLNG Strengthen Ties to Boost Nigeria’s LNG Exports Lagos, Nigeria – The Nigerian Ports Authority...
Read More
Nigeria Seeks $1.1 Billion to Expand Renewable Mini-Grids Amid Power Crisis
Nigeria Seeks $1.1 Billion to Expand Renewable Mini-Grids Amid Power Crisis
Nigeria Seeks $1.1 Billion to Expand Renewable Mini-Grids Amid Power Crisis In a bid to tackle Nigeria’s...
Read More
Nigeria’s Gas Paradox: Minister Calls for Accelerated Domestic Utilisation Abuja, Nigeria – The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has raised concerns over Nigeria’s underutilization of its vast natural gas reserves, urging Seplat Energy Producing Nigeria Unlimited (SEPNU) to expedite efforts in boosting domestic consumption and exports. Describing the situation as a paradox, Ekpo noted the contradiction between Nigeria’s abundant gas resources and its low utilization levels. He called on industry players like SEPNU to work closely with the government to bridge this gap and maximize the country’s energy potential. Speaking through his spokesperson, Louis Ibah, on Wednesday, the minister made these remarks during a meeting with SEPNU’s senior management, led by Managing Director Dotun Isiaka, at the NNPC Towers in Abuja. The discussion focused on SEPNU’s progress since assuming operational control of ExxonMobil’s assets in December 2024, particularly in the gas sector. Ekpo commended SEPNU on the successful transition and urged the company to fast-track negotiations and execution of Gas Sales Agreements (GSAs). He emphasized that these agreements are crucial to driving growth in Nigeria’s gas industry and ensuring steady supply through strategic projects. “The minister emphasized the importance of SEPNU working harmoniously with its host communities to deliver value to all stakeholders and solidify its position as a leading independent indigenous energy company,” the statement read. He also stressed the need for timely execution of projects, stating that meeting deadlines is essential for national economic development. According to him, SEPNU’s success is integral to Nigeria’s vision of leveraging gas for industrialization and economic growth. Reaffirming the government’s commitment to supporting indigenous energy companies, Ekpo pledged to address legislative and regulatory challenges that could hinder the efficient delivery of natural gas. In response, SEPNU’s Managing Director, Dotun Isiaka, assured the minister that the company has already engaged potential off-takers for its gas assets. He also sought government intervention in resolving regulatory bottlenecks to facilitate operations and achieve key project milestones. As Nigeria looks to fully harness its gas potential, the government and industry stakeholders are expected to collaborate closely to drive investment, infrastructure development, and a sustainable energy future.
Nigeria’s Gas Paradox: Minister Calls for Accelerated Domestic Utilisation
Nigeria’s Gas Paradox: Minister Calls for Accelerated Domestic Utilisation Abuja, Nigeria – The Minister...
Read More

12th Practical Nigerian Content Forum

aew 2024

Oil & Gas

Power

Latest Updates on Power

Sustainability

Read Online for FREE-
MER Jan. 2025 Edition
Mer Jan 2025
Africa Invest
Shell Ads
bricks
Shell Ads
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Newsletter

Get to read our latest stories right in your email

Events

Latest Oil & Gas Events in Africa

Trivia

Events

Latest Updates on Events in Oil & Gas