HomeECONOMYEnergy sustainability: Producing energy remains priority — NNPCL

Energy sustainability: Producing energy remains priority — NNPCL

Published on

-Advertisement-

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.

-All Rights Reserved-
Permission to use any material, including text, still photograph, audio and video from this site is granted subject to permission being formally sought and, if granted, appropriate credit must duly be given to The News Room as the source.

Latest articles

Remmy Nweke has joined the NIRA BoT

Mr. Remmy Nweke, Lead Consulting Strategist and Group Executive Editor of ITREALMS Media Group,...

Ten faces behind Nigeria’s expanding fashion footprint

Despite a difficult business environment, Nigeria has generated designers and entrepreneurs who are helping to put the country on the map.

May Day: It is ‘wickedness’ for the government to owe workers and pensioners – PDP chieftain

Dotun Babayemi, a Peoples Democratic Party (PDP) chairman in Osun, has asked for increased benefit packages for workers in order to incentivize them to perform best.

UFC to host first African fight in Senegal, ignores Nigeria over lack of infrastructure

Due to a lack of infrastructure, the Ultimate Fighting Championship (UFC), an American mixed martial arts (MMA) promotion, has passed up Nigeria as the likely first African country to host a combat event, with Senegal emerging as the leader to hold what would be a historic event.

More like this

Remmy Nweke has joined the NIRA BoT

Mr. Remmy Nweke, Lead Consulting Strategist and Group Executive Editor of ITREALMS Media Group,...

Ten faces behind Nigeria’s expanding fashion footprint

Despite a difficult business environment, Nigeria has generated designers and entrepreneurs who are helping to put the country on the map.

May Day: It is ‘wickedness’ for the government to owe workers and pensioners – PDP chieftain

Dotun Babayemi, a Peoples Democratic Party (PDP) chairman in Osun, has asked for increased benefit packages for workers in order to incentivize them to perform best.