NNPC unlocking opportunities across both oil and gas value chain spanning from supply and infrastructure to the markets
Presenting his keynote address at the 6th Nigeria International Energy Summit (N.I.E.S), the Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kyari, said the theme of the conference, “Global perspectives for a sustainable future” was apt and thoughtful for operators in the industry.
According to Kyari “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, our mandate of providing energy for our county still remains a priority.”
The NNPC helmsman was represented by Mohammed Ahmed, Executive Vice President, Gas, Power & New Energy, NNPC Limited.
He pointed out that in order to achieve its objectives; 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 the developed countries. This is why we are focused on efficiently producing energy while minimizing the effect on the environment.”
“Oil and gas remains 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 seek 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.
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“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.”
Kyari revealed that N.I.E.S has provided the industry with a platform to tell its story and engage further based on unique landscape and strengths which will eventually contribute to form part of the global narrative.
On its part, the NNPC will continue to leverage its partnerships with the Industry, government, Research Institutions and the Academia to ensure energy security and sustainability.
