Seplat Energy Commits To Nigeria’s Decade Of Gas Mantra

Seplat Energy Plc, said its commitment to the federal government’s decade of Gas position remains firm and unwavering. 

The energy company said it will continue to develop Nigeria’s gas resources to accelerate the replacement of diesel and biomass and support economic growth through the supply of reliable, low cost energy.

Seplat Energy drove these narratives at the sixth edition of the Nigeria International Energy Summit (NIES) held in Abuja from April 16 to 20, 2023.

The NIES 2023 was not only a remarkable outing for Seplat Energy as the company also picked up two major awards bordering on its positions as a Nigerian Domestic Gas Ambassador in its support to the Nigerian Gas Association and for its outstanding commitment to Nigeria’s Decade of Gas mantra.

New Energy director at Seplat Energy, Mr. Effiong Okon, who represented Chief executive office, Seplat Energy, Mr. Roger Brown, said at the continental level, Africa needs access to energy as five-fold increase in investment is required to reach United Nations (UN) Sustainable Development Goals (SDG) 7 by 2030.

According to him, by 2030, 50 per cent of the global population without access to electricity will be concentrated in seven countries, of which Nigeria is inclusive.

Speaking during a Keynote dubbed ‘Africa at Heart of the Global Energy Mix: What’s Ahead in Nigeria’, and a panel session on ‘Improving Gas to Power, Gas to Industries, Gas for Cooking, Gas for Export’, Okon explained that, achieving Africa’s energy and climate goals means more than doubling energy investment this decade, adding that, the goal of universal access to modern energy calls for investment of USD 25 billion per year.

He said: “the opportunity is massive for our industry. With a future population of more than 2.5 billion, Africa represents a huge investment opportunity across the entire energy sector; and Seplat Energy will continue to develop Nigeria’s gas resources to accelerate the replacement of diesel and biomass and support economic growth through the supply of reliable, low cost energy.”

The conference themed, ‘Global Perspectives For a Sustainable Energy Future,’ had various stakeholders in the Nigerian Energy value-chain in attendance.

Consolidating on its strong stance on the federal government’s Decade of Gas Mantra,  Okon explained that Seplat Energy is currently a leading supplier of processed natural gas to the expanding Nigerian domestic market; with working interest gas volumes for the 2022 business year averaging 112.3 MMscfd (2021: 107.9 MMscfd), a contribution of 44 per cent of the Group’s total production volume on a barrel of oil equivalent (boe) basis.