He said: “Nigeria’s domestic gas infrastructure network has capacity to transport 6.9 billion Standard Cubic Feet (BCF) of gas to support power generation and gas-based industries.
Kyari said the NNPC Ltd. was taking advantage of Nigeria’s huge natural gas reserves of over 200 Trillion Cubic Feet (TCF) with a potential to grow to 600 TCF as more investment is expected due to recent resolution of the Production Sharing Contract disputes with partners.
Kyari said this significant reserve would serve as a low-carbon energy alternative that would support growth in power and industrial sectors, address energy poverty, reduce carbon-footprint and create more employment opportunities.
“NNPC is playing a leading role in the realisation of National Gas Expansion Programme, which seeks to deepen natural gas utilisation as an alternative transportation fuel, and an important feedstock for gas-based industries development. We are working assiduously to ensure timely delivery of gas pipeline infrastructure projects, including the Abuja-Kaduna-Kano gas pipeline corridor, planned Nigeria-Morocco and Trans-Sahara Gas Pipelines, that will connect West African countries to deliver natural gas to international markets,” he said.
For the gas export market, he said the on-going Nigeria Liquified Natural Gas (NLNG) Train Seven would expand Nigeria’s LNG production capacity from 22 Million Tons Per Annum (MTPA) to about 30 MTPA. He said it was leveraging the provisions of the Petroleum Industry Act to attract more investment in the Nigerian Petroleum sector, to continue to guarantee access to energy while aligning with global energy transition.
“As part of our sustainability strategy, NNPC is deploying carbon-reduction initiatives to gradually decarbonise our operations and improve our compliances with global emission reduction. All of these cannot be achieved if we do not have security of our operations. We will continue to further deepen collaboration amongst all the relevant stakeholders; government security agencies, host communities and others to enhance energy security.
Mr Gbenga Komolafe, Chief Executive, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), said how to provide clean, sustainable and affordable energy to global populace is a critical challenge. Komolafe, represented by Dr Nuhu Habib, Executive Commissioner, Production and Development, NUPRC, said it was committed to ensure access to enabling environment and regulatory frameworks for progressive investments in gas production and energy transition achievement.
Also speaking, Mr Farouk Ahmed, Authority Chief Executive, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), called for concerted efforts of all levels of government to ensure energy security was guaranteed. Ahmed, represented by Dr Mustapha Lamorde, Executive Director of Health, Safety, Environment and Community (HSEC), said the authority drafted 20 oil and gas industry regulations to fully deliver value to Nigeria’s economy.
He said out of the regulations, 12 had been gazetted while five out of the gazetted regulations are gas based. He, however, expressed assurance that the authority is positioned to ensure enabling environment and investments in gas value chain for business to thrive.