Mr Mele Kolo Kyari, Group Chief Executive Officer of Nigeria National Petroleum Company Ltd. (NNPCL), has emphasized the company’s commitment to delivering efficient energy for the nation.
The GCEO of NNPCL, who was represented at the event by the Executive Vice President, Gas, Power and New Energy, NNPC Ltd., Mr Mohammed Ahmed, delivered a keynote address at the Nigeria International Energy Summit (NIES) 2023, noting that the world today has recognized the need to ensure sustainability in the energy landscape that is in line with current realities.
Kyari noted that, as significant actors in the energy industry, NNPCL’s duty to provide electricity to the county remains a top priority.
He stated that the NNPC is ready to offer energy to stakeholders on a consistent basis through the efficient use of hydrocarbons and other innovative energy sources.
“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.” Kyari said.
Speaking about investments in the Decade of Gas and the National Gas Expansion Programme (NGEP), Kyari revealed that the NNPCL is increasing its investments in the Ajaokuta-Abuja-Kano (AKK) gas pipeline and the OB3 gas interconnector to support five billion standard cubic feet per day domestic gas usage.
He also stated that the corporation was investing in five gigatonnes of power generation capacity by establishing power plant projects along the AKK pipeline route and around the country to supplement the current ones.
In terms of the gas export market, he stated that the ongoing Nigeria Liquefied Natural Gas Company Train Seven would increase Nigeria’s LNG production capacity to around 30 million tonnes per annum (30 MTPA).
He added that this was in addition to the planned Nigerian Morocco and Trans Sahara Gas Pipeline projects, which would send gas to sub-regional African countries and, eventually, 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,” Kyari concluded.
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