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Bridging energy access gap vital for Nigeria’s economic growth, says NNPC Chief

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The Nigerian National Petroleum Company Limited (NNPCL) has underscored the critical importance of bridging the energy access gap for the creation of economic prosperity in the country.

The Group Chief Executive Officer of NNPC Ltd., Mr. Mele Kyari, made this submission in a keynote address on industry operations with the theme, “Stability in the Energy Sector: Integrated Strategies for Infrastructure, Transportation, and Security.”

The GCEO spoke at the 2024 edition of the Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum (SPE OLEF) held in Abuja on Thursday.

According to a statement issued by Mr. Olufemi Soneye, the NNPCL’s Chief Corporate Communications Officer, Kyari said to bridge the energy access gap in Nigeria, NNPC Ltd. was working on developing the right infrastructure to deliver oil and gas to drive prosperity for Nigerians.

He said: “We are committed to developing gas infrastructure across the country.

“The company’s commitment is not just a statutory requirement of the Petroleum Industry Act but a pledge to ensure energy security beyond fuel supply.

“We are dedicated to investing in critical infrastructure to enhance economic prosperity by supplying gas to the domestic market, targeting at least 8 billion cubic meters.”

He listed some of the infrastructural projects being undertaken by the NNPC Ltd. to help bridge the energy access gap in Nigeria, including the Obiafu/Obrikom/Oben (OB3) and Ajaokuta-Kaduna-Kano (AKK) pipelines, adding that they are designed to enhance the nation’s gas supply network.

On the global front, Kyari stated that NNPC Ltd. was primarily working on expanding gas supply to the international market through the NLNG Train 7 project, while also making efforts to launch Train 8 and various floating LNG initiatives.

Kyari called for support in leveraging Nigeria’s abundant gas resources for economic prosperity, emphasizing the need to bridge access gaps in electricity and clean cooking fuel.

He assured stakeholders and investors of the support of President Bola Ahmed Tinubu, whom he said is committed to the gas revolution.

Also speaking at the event, Chairperson of the Society of Petroleum Engineers (SPE) Nigeria Council and Head of Asset and Investments Management, NGPIS, Engr. Salahuddeen Tahir, emphasized the critical role of energy in modern society, stating: “It’s a trigger for essential services such as transportation, heating, electricity generation, medical services, security, banking services, and communication.”

Tahir said there was a need to develop a diversified and sustainable energy transportation system as a measure for mitigating climate change and enhancing energy security.

This year’s edition of the Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum (SPE OLEF) is the 24th in the series, having debuted in 1991.

The forum is focused on contributing to Nigeria’s oil and gas industry policy development in commemoration of the first commercial oil discovery in Nigeria by Shell D’Arcy at Oloibiri, Bayelsa State, in 1956.

 

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