The Group Chief Executive Officer of Nigeria National Petroleum Company Ltd. (NNPCL) , Mr Mele Kolo Kyari has reiterated the commitment of the company to producing efficient energy for the nation.
Delivering a keynote address at the Nigeria International Energy Summit (NIES) 2023, 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 noted that the world today has recognized the need to ensuring sustainability in the energy landscape which is in line with the current realities.
Kyari added that as key players in the energy sector, the mandate of NNPCL providing energy for the county still remains a priority.
He said that the NNPC is poised to reliably deliver energy to stakeholders, though efficient utilization of hydrocarbons and other new 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 on investments towards the implementation of the Decade of Gas and the National Gas Expansion Programme (NGEP), Kyari revealed that the NNPCL is deepening investments in the Ajaokuta-Abuja-Kano (AKK) gas pipeline and OB3 gas interconnector to support five billion standard cubic feet per day domestic gas utilisation.
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He said that the company was also investing in five giga watts of power generating capacity by developing power plant projects along AKK pipeline corridor and across the country to complement the existing ones.
Speaking on the gas export market, he said the ongoing Nigeria Liquefied Natural Gas company Train Seven would expand Nigeria’s LNG production capacity to about 30 million tonnes per annum (30 MTPA).
This, he said, was in addition to the planned Nigerian Morocco and the Trans Sahara Gas Pipeline projects which would supply gas to sub-regional African countries and subsequently 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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