New Telegraph

Our energy transition programmes on course – Kyari

Nigerian National Petroleum Corporation (NNPC), Group Managing Director, Mr Mele Kolo Kyari, has said that the country is working seriously to achieve energy transition in the next few decades.

 

He said this was evident by development activities, which the Federal Government is carrying out in the oil and gas sector in recent times.

 

He said critical areas such as construction of gas pipelines across the country and discovery of new oil sites were pointers that the working in that direction to achieve growth, especially in the area of energy transition. He spoke during the 2021 edition of the Nigeria Association of Energy Correspondents (NAEC) Conference in Lagos.

 

While speaking on the theme of the Conference titled: Petroleum Industry Acts: Energy Transition and the Future of Nigeria’s Oil and Gas, Kyari said issues such as provisions and developments of infrastructural facilities were key to the growth of the Nigerian gas sector and the economy in particular.

 

According to him, Nigeria has identified its abunant gas resources as fuels for energy transition, adding that the development informed the declaration of the Year 2021 to 2030 as the Decade of Gas by the government.

 

He said: “We are making good progress in terms of implementation of the Petroleum Industry Acts, which is likely to create path for transition. “There is no way we can achieve that feat without adequate infrastructure to transport the resources to where it will be used and that is why we are investing in massive gas infrastructures.”

 

He said the projects included Obiafon-Obrikon-Oben (OB3) and the Ajaokuta-Kaduna-Kano pipelines, which would deepen gas utilisation in the PIA.

 

On fuel scarcity, Kyari said the country was not thinking in that direction, noting that NNPC had taken delivery of 1.7billion of litres of Premium Motoring Spirit (PMS), while expecting another 2.3billion litres of fuel in the country soon.

 

On rumours making the rounds in the country, especially the media, that some depots were not selling oil and as such planing to embark on strike actions, he said there was nothing of such for now.

 

In a related development, the conference Chairman, Mr Biodun Adesanya, said the discovery of oil and gas in other areas, apart from the Niger Delta, was a welcome development, which would be pursued with vigour by the country. He said the NNPC had done well by setting aside 30 per cent of its profits for exploration activities in the frontier basins in the PIA.

 

He, however, called for the appointment of competent personnel to manage the sector, stressing that the development would help Nigerians to benefit from the abundant oil and gas resources.

 

Recalled that Organisation of Petroleum Exporting Countries (OPEC) gave production quota of 1.61milion barrels per day, a development, which the country is planning to meet or exceed it.

 

The Minister of State for Petroleum Resources, Chief Timipre Sylva, expressed the desires of the country to surpass the target soon. Nigeria, Sylva said, had the capacity to produce between 2.2 million and 2.5million barrels of crude per day, due to its abundant oil and gas resources.

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