CHIKA IZUORAThe Nigerian National Petroleum Company (NNPC) Limited has said it is expanding partnerships engagements as it reviews business portfolios that will lead to enhanced gas business projects for export and support for the country’s energy transition programme.
The group chief executive officer (CEO) of the NNPCL, Mele Kyari, while speaking at the ongoing Abu Dhabi International Petroleum Exhibition and Conference holding in the United Arab Emirates, on Tuesday, also reinforced the company’s strategic positioning.
Kyari spoke on ‘The Reinvention of an NOC: Strategic Partnerships for Advanced Decarbonisation.’
He articulated a measured approach to cleaner energy fuels, emphasising that NNPC Ltd is doubling down on forging synergistic partnerships aimed at optimising the energy mix for today and positioning for future market dynamics.
With the transition of the NNPC into a limited company, the focus of the current management led by Kyari in line with Nigeria’s quest for energy transitioning is to develop the country’s natural gas for the export market.
With attention shifting from fossil fuel to more cleaner energy sources, the NNPC Ltd is leading Nigeria’s drive for more investments that would unlock these energy sources, as Nigeria’s quest for energy transitioning is to develop its natural gas for the export market.
The country has a reserve base of 36.97 billion barrels of oil and 208.83 trillion cubic feet of gas.
According to available data, Nigeria controls 33 per cent of Africa’s total gas reserves of 620 trillion cubic feet, (tcf.)
At the event the NNPCL, is exploring investment opportunities that resonate with it’s core value of sustainability.
ADIPEC is the world’s largest and most inclusive gathering for the energy industry.
Over 2,200 exhibiting companies, 54 national oil companies, and 30 international exhibiting country pavilions will come together between 2-5 October 2023 to tackle some of the most pressing energy issues, advance decarbonisation and future-proof our energy system.
The conference will also provide the opportunity to discover advanced decarbonisation strategies presented by leaders from across the energy industry at the Decarbonisation Accelerator, while exploring the latest products and innovations from specialised industry areas for maritime and logistics, digitalisation in energy and manufacturing and industrialisation.
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