Mrs Oritsemeyiwa Eyesan, the Executive Vice President of the Nigerian National Petroleum Company (NNPC) Ltd for Upstream operations, reiterated the company’s dedication to harnessing Nigeria’s abundant gas resources to drive industrialization and foster economic growth.
Speaking during a Panel Session at the ongoing 2024 CERAWeek Conference in Houston, United States, Eyesan emphasized Nigeria’s significant gas reserves, exceeding 200 trillion cubic feet (TCF), which present vast opportunities for the nation’s development.
Eyesan outlined NNPC’s strategic plans to enhance domestic gas utilization, ensuring the country benefits from this valuable resource.
She emphasized the company’s focus on expanding gas infrastructure through various projects across Nigeria, aiming to transition from oil dominance to a significant player in the gas sector, particularly for power generation and industrialization.
Furthermore, Eyesan highlighted NNPC’s commitment to reducing emissions and eliminating gas flaring.
”We aim to capture and utilize flared gas for domestic consumption and bolster energy transition efforts,” she noted.
In line with the government’s agenda to utilize gas as a transition fuel, Eyesan emphasized NNPC’s ambition to serve the domestic market and expand regionally and internationally.
Eyesan stressed the importance of collaboration among African countries to ensure equitable distribution of energy resources across the sub-region. She emphasized the need for collective efforts to address energy poverty and promote sustainable development.
Regarding energy transition, Eyesan noted the evolving nature of the discourse, particularly in Sub-Saharan Africa, where the focus is on addressing energy poverty.
She affirmed NNPC’s commitment to leveraging its competitive advantages to define strategic approaches to energy transition.
Among the energy professionals that joined Eyesan on the panel were Bob Fryklund, Chief Upstream Strategist at S&P Global Commodity Insights; President of Pathways Alliance Kendall Dilling; and Executive Vice President of Exploration and Production International at Equinor Philippe Mathieu.
