NNPCL Considers Gas as Catalyst for Nigeria’s Industrialization and Economic Development


The Nigerian National Petroleum Company (NNPC) Ltd aims to utilize Nigeria’s abundant gas resources to stimulate the country’s industrialization and economic development.

NNPC Ltd’s Executive Vice President, Upstream, Oritsemeyiwa Eyesan, emphasized this during a panel session, highlighting Nigeria’s status as a predominantly gas-rich nation with over 200TCF of gas available for utilization.

Eyesan underscored NNPC Ltd’s plans to deepen gas usage domestically, ensuring widespread benefits across the country.
With a strategic focus on transitioning from an oil-centric to a gas-focused entity, NNPC Ltd aims to leverage gas for power generation and industrialization.

She highlighted NNPC Ltd’s plans to enhance domestic gas utilization for industrialization, ensuring widespread optimization of this resource across the entire country.

Also,The company is actively pursuing infrastructural gas development through various projects nationwide, aiming to optimize domestic gas utilization.

Meanwhile,Eyesan also emphasized NNPC Ltd’s commitment to emission reduction and gas flare-out, aiming to capture and utilize all flared gas domestically. This initiative aligns with the broader goal of increasing energy transition footprints while contributing to environmental sustainability.

Additionally, NNPC seeks to expand its gas market regionally and internationally, positioning Nigeria as a key player in the global energy landscape.

“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.

READ ALSO: Fire Guts Idumota Market in Lagos, Millions Worth of Goods Destroyed

Highlighting the importance of collaboration among African countries for equitable distribution of energy resources, Eyesan emphasized the need for collective efforts to ensure energy security within the sub-region.

This collaborative approach is crucial, considering disparities in energy resource endowment among neighboring countries. Moreso,Eyesan called for sustained cooperation to address energy poverty and promote regional energy stability.

Eyesan remarked on the evolution of the energy transition, noting the focus on addressing energy poverty in Sub-Saharan Africa. She emphasized NNPC Ltd’s commitment to identifying areas of competitive advantage in Nigeria to define its strategy going forward.

However,Joining Eyesan on the panel are other distinguished energy experts, including Bob Fryklund, Chief Upstream Strategist at Energy, S&P Global Commodity Insights; Kendall Dilling, President of Pathways Alliance; and Philippe Mathieu, Executive Vice President of Exploration and Production International at Equinor.

WhatsApp Image 2023 08 28 at 10.48.48 AM 1


Please enter your comment!
Please enter your name here