Natural Gas Vital to Driving Economic Growth – NNPCL

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Mr Mele Kyari, has reiterated the crucial role of natural gas in fuelling economic growth and industrial development.

Kyari spoke on Wednesday at the public presentation of a book authored by Charles Osezua.

He highlighted gas’ global acceptance as a crucial energy source that sustains economic growth and drives industrial activities.

Represented by the company’s Head of Relationship and Stakeholder Management, Mrs Oluwakemi Olumuyiwa, Kyari also emphasised the importance of documenting Nigeria’s gas sector.

He underscored the significance of prioritising natural gas production and supply, particularly in the context of geopolitical dynamics and energy security in the global economy.

A statement by the NNPCL spokesperson, Olufemi Soneye on Wednesday explained that with Nigeria boasting substantial gas reserves exceeding 200 trillion cubic feet and a potential to reach 600 tcf, it is pertinent Nigeria leverages the gas resource for sustainable development, energy security, and job creation.

The NNPCL boss added that as a key stakeholder, the energy firm has played a leading role in advancing the ‘Decade of Gas’ agenda through strategic investments in critical gas infrastructure such as pipelines and processing facilities.

In his remarks, Osezua said NNPCL’s participation at the occasion underscored the Company’s commitment to fostering knowledge sharing and innovation within the gas industry.

Nigeria has adopted gas as its transition fuel as President Bola Tinubu strives to make compressed natural gas available to all Nigerians in place of petrol.