Group CEO of NNPC Ltd, Mele Kyari has reiterated the company’s commitment to resolving Nigeria’s energy trilemma by ensuring energy security, sustainable growth and energy affordability.
Kyari disclosed this 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, also 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.
“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
