Nigerian National Petroleum Corporation (NNPC) Limited’s Group CEO, Mele Kyari, has reaffirmed the company’s commitment to resolving Nigeria’s energy trilemma, ensuring energy security, sustainable growth, and energy affordability. Speaking at the 42nd Nigeria Association of Petroleum Explorationists Annual International Conference, Kyari outlined NNPC’s vision for Nigeria’s energy future.
Key Objectives:
- Energy Security: NNPC aims to improve supply chains, develop new refining capacities, and expand retail networks.
- Sustainable Growth: Collaboration with private refineries for affordable petroleum products and Naira-for-crude transactions to stabilize local currency.
- Energy Affordability: Expansion of gas infrastructure, including AKK Gas Pipeline and OB3 Gas Pipelines projects, and development of cleaner energy options like LNG and CNG.
Upcoming Projects:
NNPC will launch 12 Compressed Natural Gas (CNG) Mother Stations and Mini LNG Plants in the next 3-6 months, boosting the existing 1.6 billion standard cubic feet of gas supply for the domestic market.
Addressing Criticisms:
Kyari dismissed claims that NNPC is sabotaging domestic refineries, highlighting the company’s part-ownership of the Dangote Refinery, a strategic investment to strengthen domestic fuel supply.
Partnerships and Investments:
NNPC has fostered partnerships and investments to enhance local production and generate revenue for economic diversification, aligning with President Tinubu’s efforts to relieve forex pressures.
A Call to Action:
Kyari emphasized the need for collaboration, innovation, and 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.
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