The Nigerian National Petroleum Company Limited (NNPCL) builds twelve compressed natural gas station as a firm step in realizing its vision to invest in renewable energy; focusing on Compressed Natural Gas (CNG) as worthy alternative to gasoline to fill the transitional gaps.
Group Chief Executive Officer (GCEO) of NNPCL, Mele Kyari, who stated this, yesterday, in Lagos restated the company’s commitment to resolving Nigeria’s energy ‘trilemma’ by ensuring energy security, sustainable growth and energy affordability.
He spoke at the opening ceremony of the 42nd Nigeria Association of Petroleum Explorationists (NAPE) Annual International Conference and Exhibition with the theme: Resolving the Nigeria Energy Trilemma: Energy Security, Sustainable Growth and Affordability.
Kyari, who was Special Guest of Honour at the event, also said the company has perfected plans to deliver 12 CNG Mother Stations and Mini LNG Plants soon, as part of efforts to boost the existing 1.6bscf of gas supply for the domestic market.
He said: “The energy ‘trilemma’ is a profound responsibility we shoulder as stewards of Nigeria’s energy future. NNPCL is working tirelessly to improve our supply chain, develop new refining capacities and expand our retail network.”
According to him, NNPCL was focused on collaborating with private refineries to ensure affordable and sustainable petroleum products supply and Naira-for-crude transactions to stabilize the local currency and regulate the country’s Forex market.
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This, he added, will result in the 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 Liquiefied Natural Gas (LNG) and Compressed Natural Gas (CNG).
“Currently, NNPCL supplies over 1.6 billion standard cubic feet (bscf) of gas per day to the domestic market through infrastructure we either own outright or operate with partners. This distribution network is entirely managed on NNPCL’s balance sheet,” Kyari added.
On why the company is making efforts to enhance domestic energy access, he explained that the next three to six months will witness significant project launches, including CNG mother stations, mini-LNG plants and additional CNG daughter stations.
Kyari, who commended President Bola Ahmed Tinubu’s efforts to relieve Forex pressures by reducing fuel imports and strengthening Nigeria’s local refining capacity, stressed the need for collaboration, innovation, and deployment of technology to achieve 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 NNPCL’s mandate to guarantee energy security as stipulated by the Petroleum Industry Act (PIA), Kyari said the company has fostered partnerships and investments aimed at enhancing local production and generating revenue for economic diversification.
Reacting to claims that NNPCL was sabotaging domestic refineries, Kyari, who maintained that the NNPCL is a co-owner of the Dangote Refinery, further stressed that such investment remains a strategic move aimed at strengthening domestic fuel supply.
