We’re investing in massive infrastructure to boost gas exports, Kyari tells investors – The Whistler Newspaper

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Group Managing Director of the Nigerian National Petroleum Company Ltd, Mallam Mele Kyari, said Nigeria was leading the campaign for massive investment in critical gas infrastructure in Africa to boost exports of the product to Europe and other continents.

Kyari said this during a panel discussion at the ADIPEC Strategy Conference held in Abu Dhabi, United Arab Emirates.

The roundtable focused on how leadership and organizational programs are changing as the industry navigates the changing global energy landscape.

The conference is expected to accelerate the energy transition, unlock the real value of a decarbonized future, showcase breakthrough technologies, and explore concrete strategies and solutions to the challenges and opportunities created by the complex dynamics of the global energy market.

It also serves as a prime venue for the energy industry to debate, deliberate and address key questions on the trilemma of security of supply, affordability and sustainability.

It also provides a platform for policy makers, energy CEOs and industry professionals to address the critical factors influencing the transformation of the energy ecosystem and its role as a key enabler of the global economy. .

Speaking at the event, the NNPC boss said the aspiration for energy transition has changed the dynamics of the global oil and gas industry.

He said that currently the global community is facing the harsh reality of cleaner energy supply, adding that in this context, Nigeria has embraced gas as a transition fuel.

He said the federal government recognizes the importance of gas in the global energy mix, saying that is why huge investments are being made in the sector.

Currently, the NNPC boss said that in collaboration with the government of Morocco, Nigeria is building gas pipeline infrastructure

He said: “We are facing some very, very harsh realities. Of course, it is also true that our activity has a huge impact on the climate. So it’s also real, we have the finances, we have to face the reality of today and the truth is that we need the energy of today.

“What we are doing is building on that cleaning and refining capability so that we can meet our current needs. And transitioning gradually, using today’s resources and eventually using gas as a transition fuel.

“We can’t do this if we don’t have the infrastructure. Maybe we have one of the biggest oil-producing countries, the biggest resources, 203 trillion cubic feet of gas; more than 200 billion barrels of oil, but we know that we have the resources that can be useful to everyone and that is why we are committed to the West African sub-region, including Morocco and until Europe, to create a backbone infrastructure that will take gas from Nigeria up to eleven countries to Morocco and hopefully to Europe.

“Essentially there is so much gas available that we all need today and it is becoming increasingly critical for the energy industry globally.”

To harness the potentials of gas, he said collaboration has become essential with all stakeholders.

Recall that two weeks ago, the NNPC signed a memorandum of understanding with the National Office of Hydrocarbons and Mines to launch the Nigeria-Morocco gas pipeline project.

Tripartite Petrosen of Senegal and SMH of Mauritania participated in the signing of the Memorandum of Understanding which took place in Nouakchott, Mauritania.

The documents were signed by NNPC Ltd Group Managing Director, Mele Kyari; the Director General of ONHYM of Morocco, Ms. Amina Benkhadra; Managing Director PETROSEN Holdings of Senegal, Adama Djallo; and the DG SMH of Mauritania, Tourad Abdoul Baghi.

The MoU is part of the continued implementation of the Nigeria-Morocco gas pipeline project.

The project was first conceived in December 2016 by the Federal Government and the Kingdom of Morocco during the visit of King Mohammed VI of Morocco to Nigeria.

The development comes a month after NNPC Ltd sealed a memorandum of understanding on a gas pipeline project with Morocco’s National Hydrocarbons and Mines Office and the ECOWAS Commission.

The project should contribute to the supply of gas to Morocco, 13 ECOWAS countries and Europe, to the integration of the economies of the sub-region and to the improvement of the standard of living of the inhabitants of the sub-region. -region.

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