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NNPC Commits to Ensuring Energy Sufficiency, Wealth Creation for Nigerians

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Mallam Mele Kyari, Group Managing Director of NNPC speaking at the Nigeria Oil and Gas Strategic Conference and Exhibition, NOG 2021.

By Olushola Okunlade 

The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to ensuring effective stewardship of the nation’s hydrocarbon resources to guarantee energy security and drive wealth creation in Nigeria.

The Group Managing Director of NNPC, Mallam Mele Kyari, made this assertion while delivering the keynote address at the 2021 Nigeria Oil and Gas Conference and Exhibition (NOG 2021) on Tuesday in Abuja.

Speaking on the topic: “Vision and Priorities for Nigeria’s Energy Transformation,” Mallam Kyari stated that for a nation with a teeming youth and a developing economy, Nigeria needed the right policies to unlock its huge economic potential, stressing that NNPC was working towards bridging the energy gap to multiply wealth for its varied stakeholders.

“We see a nation that must integrate by developing midstream and downstream infrastructure as the intersection and bridge to value. We see a nation in need of right policy framework to attract new investment while encouraging existing players,” Mallam Kyari averred.

Hon. Minister of Petroleum for state, Timipre Sylva and Mallam Mele Kyari, Group Managing Director of NNPC speaking at the Nigeria Oil and Gas Strategic Conference and Exhibition, NOG 2021.

He said that the Corporation has completed the Escravos Lagos Pipeline System (ELPS) Phase II project, thereby expanding the gas supply channel for domestic gas utilization, adding that it has also kick-started the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project, while the Obiafu-Obrikom-Oben gas pipeline (OB3) project was billed for completion soon.

The GMD maintained that the Corporation’s vision was to emplace the critical backbone infrastructure, create liquidity and provide the necessary linkage to markets.
He noted that NNPC and its partners were harnessing and exploiting the nation’s huge gas potentials one of which was the Nigeria Liquefied Natural Gas (NLNG) Train 7 project which the President performed the Ground-breaking ceremony recently.

According to him, the NLNG Train 7 is a flagship project expected to increase the nation’s LNG production capacity by 35% and seal Nigeria’s position as one of the top LNG nations in the world, adding that Nigeria was in the process of also transforming into an LNG-consuming country while at the same time deepening domestic utilization of Liquefied Petroleum Gas (LPG).

On the refineries, he said the programme for the rehabilitation and upgrading of the existing refineries was on course, adding that while work had already started on the Port Harcourt Refinery Company (PHRC), work would soon start on the Warri Refining and Petrochemical Company Limited (WRPC) and the Kaduna Refining and Petrochemical Company Limited (KRPC).

“The NNPC plans to take 20 per cent equity in the Dangote Refinery and acquire stakes in other private modular and condensate refineries in the country. Our priority is to meet our local fuel demand because that is the right way to go thereby making Nigeria to become the hub of petroleum products supply to other African countries in the years ahead,” Mallam Kyari informed.

He said NNPC, as a National Oil Company (NOC), has made strategic decisions that would enable Nigeria to be energy sufficient through its partnerships and several business portfolios that would add value to the nation.

The NNPC helmsman said the recent passage of the Petroleum Industry Bill (PIB) by the National Assembly was a clear example of how collaboration across political lines can deliver reforms, assuring that the Corporation would sustain engagement with partners to co-create solutions for unique challenges and provide the platform for effective policy engagement.

Oil & Gas

NLNG’s Bonny Plant Still In Operation

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NLNG Refutes Online Publication By Nigerian Daily

Olushola Okunlade Writes

Nigeria LNG Limited (NLNG) confirms that operations at its plant on Bonny Island are still active despite a Force Majeure declared in October 2022 and feed gas supply challenges.

The plant continues to produce LNG and LPG commensurate to the feed gas it receives from its upstream gas suppliers.

In addition to ensuring steady operation, NLNG remains committed to its culture of transparency and maintains consistent communication with key stakeholders on developments in the upstream sector.

The company is closely monitoring the resolution of supply challenges by all relevant parties.

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Oil & Gas

Shell, Milieudefensie To Pay €15 Million Compensation To N’Delta Farmers Over Oil Spills

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Industry Regulator Applauds Shell For Investing In Nigerian Gas Infrastructure

SHELL AND MILIEUDEFENSIE SETTLE LONG-RUNNING CASE OVER OIL SPILLS IN NIGERIA

Olushola Okunlade Writes

Following the judgments of the Court of Appeal of The Hague on 29 January 2021, Shell and Milieudefensie have negotiated a settlement for the benefit of the communities of Oruma, Goi, and Ikot Ada Udo in Nigeria, impacted by four oil spills that occurred between 2004 and 2007.

The settlement is on a no-admission of liability basis, and settles all claims and ends all pending litigation related to the spills. Under the settlement, The Shell Petroleum Development Company of Nigeria Ltd (SPDC), as operator of the SPDC joint venture, will pay an amount of EUR 15 million for the benefit of the communities and the individual claimants.

An independent expert has confirmed that SPDC, as operator of the SPDC joint venture, has installed a leak detection system on the 20” lines that form the KCTL Pipeline in compliance with the judgment of the Court of Appeal of The Hague, the Netherlands.

The parties agree that remediation has been completed and certified by relevant regulatory agencies in Nigeria in accordance with Nigerian law. The parties agree this also follows from the judgments of the Court of Appeal.

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Nigerian Gas Association Elects NLNG General Counsel And Company Secretary, Aka Nwokedi, Others As 2023-2024 Executive

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Nigerian Gas Association Elects NLNG General Counsel And Company Secretary, Aka Nwokedi, Others As 2023-2024 Executive

Olushola Okunlade Writes

Aka Nwokedi, General Counsel/ Company Secretary of Nigeria LNG Limited (NLNG) and former MD of NLNG Ship Management Limited (NSML), has emerged as President-Elect of the Nigerian Gas Association (NGA), leading the Executive Council to pilot and steer the affairs of the gas industry association for the next two years.

The election was conducted on 15th December 2022 as part of the Annual General Meeting of the Association which was held in Lagos.

Nigerian Gas Association Elects NLNG General Counsel And Company Secretary, Aka Nwokedi, Others As 2023-2024 Executive
Akachukwu Nwokedi, NLNG General Counsel And Company Secretary.

Aka Nwokedi who is a long-standing active member of the Association was the 1st Vice President before emerging as President-Elect. He has also over the years occupied several positions in the Association namely Legal Advisor, Secretary General, and Chairman, NGA Conference Committee.

The newly elected Executive Council will formally assume office during the Association’s International Conference which will hold in April 2023.

The NGA set up in 1999 is the umbrella professional body of the gas industry responsible for leading advocacy, promotion, and protection of the interest of the gas industry and players in Nigeria. 

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