LAGOS, Nigeria (VOICE OF NAIJA)-The Nigerian National Petroleum Company Ltd (NNPCL) says that the company is committed to utilising Nigeria’s abundant gas resources to trigger Nigeria’s industrialisation and economic development.
NNPCL’s Executive Vice President, Upstream, Oritsemeyiwa Eyesan disclosed this on Tuesday during a panel session hosted by the NNPC Ltd at the ongoing 2024 CERAWeek Conference in Houston, the United States.
Eyesan, whose session addressed the theme, “What are the Choices for Upstream Strategies?” said Nigeria is a predominantly gas-rich country which boasts of over 200TCF of gas that can be leveraged for the country’s industrialisation and economic development.
She noted that NNPC Ltd plans to deepen gas utilisation domestically for industrialization and ensure that the entire country feels and optimises the use of the resource.
She said the Company is vigorously opening avenues for infrastructural gas development through various gas projects spread across the country.
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“Our focus is how do we move from predominantly oil players to gas players and not just for gas for the sake of gas but gas for power generation, and for industrialization, “she stated.
Eyesan observed that the NNPCL is also focused on emission reduction and gas flare-out.
“We want to capture all gas flared, utilise it for domestic use and ultimately increase our energy transition footprints,” she said.
“NNPC is keying into the government agenda of using gas as a transition fuel and for us, we want to ensure not only the domestic gas market, but we also expand that to the region and internationally,” she said.
While calling on African countries to collaborate with one another in order to ensure even distribution of energy resources, Eyesan said collaboration is key as not all countries within the sub-region are endowed with equal proportion of energy resources.
“For us to ensure that we continue to subsist within the sub-region, we must be willing to work collaboratively and ensure that there is even distribution of energy resources we have across the sub-region.”