NNPC WILL USE GAS TO TRIGGER NIGERIA’S INDUSTRIALISATION, SAYS EVP UPSTREAM, EYESAN
The Nigerian National Petroleum Company (NNPC) Ltd has reaffirmed its dedication to leveraging Nigeria’s abundant gas resources to stimulate the country’s industrialization and economic growth.
Mrs. Oritsemeyiwa Eyesan, NNPC Ltd’s executive vice president for Upstream, made this assertion during a Panel Session at the ongoing 2024 CERAWeek Conference in Houston, the United States on Tuesday.
Eyesan, whose session focused on “What are the Choices for Upstream Strategies?” emphasized Nigeria’s significant gas reserves, exceeding 200TCF, which can be harnessed for industrialization and economic advancement.
She highlighted NNPC Ltd’s plans to enhance domestic gas utilization for industrial purposes, ensuring equitable distribution and maximizing its utilization across the country.
The company is actively pursuing infrastructural gas development through various projects nationwide, aiming to transition from primarily oil-focused operations to becoming a major player in the gas sector, particularly for power generation and industrial applications.
Eyesan also emphasized NNPC Ltd’s commitment to emission reduction and gas flare elimination, aiming to capture and utilize all flared gas for domestic consumption while expanding energy transition initiatives domestically, regionally, and internationally.
She stressed the importance of collaboration among African nations to ensure equitable distribution of energy resources across the sub-region, acknowledging disparities in resource endowment.
Regarding energy transition, Eyesan noted the evolving discourse, particularly in Sub-Saharan Africa, emphasizing the need to address energy poverty. NNPC Ltd will continue to assess its competitive advantages to define its strategy in this evolving landscape.
Joining Eyesan on the panel were energy experts including Bob Fryklund, Chief Upstream Strategist, Energy, S&P Global Commodity Insights; Kendall Dilling, President of Pathways Alliance; and Philippe Mathieu, Executive Vice President, Exploration and Production International, Equinor.
Source: Techeconomy
