Nigeria buys into new world energy order, set to play strategic role, says NNPC chief Kyari
"It will spur investment in power and gas-based industries, grow the economy and generate employment for millions of our young people,” Kyari said
As the world transits to cleaner energy, the Nigerian National Petroleum Corporation (NNPC) says Nigeria is prepared to play a strategic role in the new global energy order.
According to the NNPC Group Managing Director, Mallam Mele Kyari, technology and innovation are facilitating a new global energy order that will decarbonize the world and safeguard the environment.
Kyari spoke at the Decade of Gas Pre-summit Conference held Monday in Abuja, with the theme, “Towards Gas-Powered Economy by 2030.”
He said renewable energy such as solar and wind which would be key components of the new energy mix that were largely influenced by seasons and were non-transportable to demand centres where they are in short supply.
He said under the circumstances, natural gas, and by extension blue hydrogen, would be heavily depended upon as transition fuels to play a key role in the clean energy drive and would provide significant proportion of the global energy mix as well as guarantee feedstock to gas-based industries.
“Nigeria under the visionary leadership of President Muhammadu Buhari has committed huge resources to ensure that domestic gas infrastructure reach every corner of our country to deepen natural gas utilization.
“It will spur investment in power and gas-based industries, grow the economy and generate employment for millions of our young people,” Kyari said in a statement by Dr Kennie Obateru, Group General Manager, Group Public Affairs.
The NNPC boss Nigeria as a gas nation with over 203trillion standard cubic feet (tscf) of proven gas reserves is monetizing the huge gas resources spurred by numerous policy and industry interventions since 2016, culminating in the declaration of 2020 as the year of gas and progressing into the decade of gas from 2021.
NNPC and its partners, he said, have embarked on a number of strategic projects to deepen delivery of gas to the domestic market and elevate the build-up of greater potentials for export.
“The completion of the Escravos-Lagos Pipeline System Phase 2 (ELPS II), commissioning of the Obiafu-Obrikom-Oben (OB3) Lot 2, the NPDC Oredo Gas Handling Facility, and the SEEPCO Gas Processing Plant can be easily cited, even without mentioning ongoing strategic backbone gas infrastructure projects such as the Ajaokuta-Kaduna-Kano (AKK) pipeline, the OB3 final hook-up, the Nigeria-Morroco pipeline and several other gas-based industries initiatives.
“All these will herald the sunrise of gas revolution in our country within the decade,” Persecondnews quotes Kyari as saying.
He announced that as part of the journey to make the Decade of Gas a reality, the Federal Government has also rolled out the Autogas initiative to provide alternative cleaner and cheaper transportation fuel to petrol.
“The initiative has received huge support from the entire energy industry and gained tremendous traction.”
Kyari lauded President Muhammadu Buhari for his foresight, leadership and support for the oil and gas industry geared towards transforming the Nigeria’s energy landscape.