The Group CEO of NNPC Ltd, Mele Kyari said the company has perfected plans to deliver 12 Compressed Natural Gas (CNG) Mother Stations and Mini LNG Plants soon, as part of efforts to boost the existing 1.6bscf of gas supply for the domestic market.Kyari who spoke Monday at the 42nd Nigeria Association of Petroleum Explorationists (NAPE) Annual International Conference and Exhibition in Lagos, themed: “Resolving the Nigeria Energy Trilemma: Energy Security, Sustainable Growth and Affordability”, also stressed commitment to resolving Nigeria’s energy trilemma.
“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; and Naira-for-crude transactions to stabilise the local currency and regulate forex markets.
He said this will expand gas infrastructure such as the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and the Obiafu-Obrikom-Oben (OB3) Gas pipeline projects to develop cleaner energy options, such as Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG).“Currently, NNPC Ltd supplies over 1.6 billion standard cubic feet (bf) of gas daily to the domestic market through infrastructure we 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, emphasised 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 the mandate of the NNPC Ltd to guarantee energy security as stipulated by the Petroleum Industry Act, Kyari said the Company has fostered partnerships and investments to enhance local production and generate 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 and stressed further that such investment is a strategic move to strengthen domestic fuel supply.
