•Says12 CNG stations underway
The Group Chief Executive Officer of NNPC Ltd, Mele Kyari, has revealed the national oil company’s plans to unveil 12 Compressed Natural Gas (CNG) and mini LNG plants stations to boost the existing 1.6bscf of gas supply for domestic market, within the shortest possible time. The development, he noted, is consistent with the company’s commitment to addressing Nigeria’s energy trilemma by prioritising energy security, sustainable growth and affordable energy solutions.
Kyari disclosed these at the opening ceremony of the 42nd Nigeria Association of Petroleum Explorationists (NAPE) Annual International Conference and Exhibition themed: “Resolving the Nigeria Energy Trilemma: Energy Security, Sustainable Growth and Affordability” in Lagos, on Monday.
The GCEO, who was Special Guest of Honour at the occasion, said: “The energy trilemma is a profound responsibility we shoulder as stewards of Nigeria’s energy future. NNPC Ltd is working tirelessly to improve our supply chain, develop new refining capacities and expand our retail network,” Kyari stated. According to him, NNPC Ltd is set to collaborate with private refineries to ensure affordable and sustainable petroleum products supply; naira-for-crude transactions in order to stabilize the local currency and regulate forex markets.
This, he added, will bring about expansion of gas infrastructure such as the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and the Obiafu-Obrikom-Oben (OB3) Gas Pipelines projects and the development of cleaner energy options, such as Liquiefied Natural Gas (LNG) and Compressed Natural Gas (CNG).
“Currently, NNPC Ltd supplies over 1.6 billion standard cubic feet (bscf) of gas per day to the domestic market through infrastructure we either own outright or operate with partners.
This distribution network is entirely managed on NNPC Ltd.’s
balance sheet,” Kyari added.
Explaining that the Company is expanding its efforts to enhance domestic energy
access, the NNPC Ltd helmsman said the next 3-6 months will see significant project launches, including CNG mother stations, mini-LNG plants, and additional
CNG daughter stations.
Kyari, who commended President Tinubu’s efforts to relieve forex pressures by
reducing fuel imports and strengthening Nigeria’s local refining capacity,
emphasized the need for collaboration, innovation, and technology in achieving
Nigeria’s energy goals.
“Resolving the energy trilemma requires bold ideas, shared knowledge, and
collective determination. Together, let us build a Nigeria where energy is secure,
sustainable, and affordable for all.”
On NNPC Ltd’s mandate to guarantee energy security as stipulated by the
Petroleum Industry Act, Kyari said the Company has fostered partnerships and
investments aimed at enhancing local production and generating revenue for
economic diversification.
Reacting to claims that NNPC Ltd is sabotaging the efforts of domestic refineries,
Kyari said the NNPC Ltd is part-owners of the Dangote Refinery, stressed further
that such investment is a strategic move aimed at strengthening domestic fuel
supply.