The minister of state petroleum resources (gas), Ekperikpe Ekpo, has listed some of the actions that can help bolster Nigeria’s gas sector.
He listed the adoption of gas technology and innovation, shaping effective policy frameworks, unlocking financing avenues, nurturing capacity building, and cultivating entrepreneurship as measures that would improve the future of Nigeria and Africaâs energy landscape.
Ekpo was represented by the ministry’s permanent secretary, Ambassador Nicholas Agbo, at the opening of the 2024 Africa Gas Innovation Summit (AGIS) in Abuja.
He noted that the country’s journey should be guided by a shared vision of progress, inclusivity, and sustainability.
Also speaking, Mele Kyari, the group CEO of NNPC Limited, stated that the company has increased its investment in the gas sector in the last few years to guarantee better supply and utilisation.
Kyari, accompanied by Olalekan Ogunleye, the executive vice president of gas, power, and new energies, indicated that the company has made significant investments in gas pipeline projects and floating LNG.
Acknowleging the efforts of the government in improving gas supply, he also disclosed plans to install more CNG plants across the country before year end.
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Amina Benkhadra, Morocco’s director general of the National Office for Hydrocarbons and Mines, also spoke at the event.
He revealed that there are currently over $245 billion in investment prospects for the development of gas infrastructures across the African continent.
Benkhadra stated that there are numerous chances for investors in the building of gas pipelines, terminals, and processing facilities, as highlighted in a Vanguard report.
According to her, investments of roughly $100 billion a year will also be necessary by 2030 to meet the continent’s electrical consumption, with a potential $3 trillion in total needed by the year 2050.
In an earlier report by TimesNow.com.ng, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) ordered all filling stations across the country to commence the sale of Compressed Natural Gas (CNG).
Engr Farouk Ahmed, the chief executive of NMDPRA, disclosed this during a meeting in Abuja. He said it is now mandatory for filling stations to increase CNG accessibility for consumers.
CNG is a fuel gas under pressure that remains clear, odourless and non-corrosive, an alternative to petrol.
Proofreading by James Ojo Adakole, journalist and copy editor at TimesNow.com.ng.
Source: TimesNow.com.ng
