NNPCL Mulls Gas As Triggers For Nigeria’s Industrialization, Economic Development

The Nigerian National Petroleum Company (NNPC) Ltd, has reiterated its commitment towards utilising Nigeria’s abundant gas resources to trigger Nigeria’s industrialisation and economic development.

NNPC Ltd’s Executive Vice President, Upstream, Oritsemeyiwa Eyesan disclosed this during a panel session 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 with over 200TCF of gas that can be leveraged for the country’s industrialisation and economic development.

She noted that NNPC Ltd’s plans to deepen gas utilisation domestically for industrialisation 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.

“Our focus is how do we move from predominantly oil player to gas player and not just for gas for the sake of gas but gas for power generation, and for industrialization, “she stated.

Eyesan observed that the NNPC Ltd 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.

“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 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.

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