- Says NNPCL is neither a secret cult nor a saboteur
Olufemi Soneye of the Corporate Communications at NNPCL in Abuja has reported that,
Mele Kyari had reiterated the company’s commitment to resolving Nigeria’s energy trilemma, by ensuring energy security, sustainable growth and energy affordability.
He said Kyari disclosed this during an International Conference and Exhibition of Petroleum Explorationists, with the theme: “Resolving the Nigeria Energy Trilemma: Energy Security, Sustainable Growth and Affordability” in Lagos.
Mele who he reported as a special guest at the occasion said the company had concluded plans to deliver 12 Compressed Natural Gas (CNG) Mother Stations and Mini LNG Plants soon, as part of efforts to boost the existing 1.6 billion standard cubic feet (bscf) of gas supply for domestic market.
“The energy trilemma is a profound responsibility we shoulder as stewards of Nigeria’s energy future. NNPC Limited is working tirelessly to improve our supply chain, develop new refining capacities and expand our retail network,” Femi quoted Kyari as saying.
According to him, NNPC Ltd is set to collaborate with private refineries to ensure affordable and sustainable petroleum products supply, as well as Naira-for-Crude transactions, so as to stabilize the local currency and regulate forex markets.
This, he added, would 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 Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG).
“Currently, NNPC Ltd supplies over 1.6 bscf of gas per day to the domestic market through infrastructure we either own outrightly or operate with partners. This distribution network is entirely managed on NNPC Ltd.’s balance sheet,” Kyari was also quoted to have added.
Explaining that the Company was expanding its efforts to enhance domestic energy access, adding that the next few months would see significant project launches, including CNG mother stations, mini-LNG plants, and additional CNG daughter stations.
Kyari who was also captured to have commended 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, 2021, 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, Femi reported Kyari as saying that the NNPC Ltd was part-owners of the Dangote Refinery, stressing further that such an investment was a strategic move aimed at strengthening domestic fuel supply.