The Nigerian National Petroleum Company Limited, NNPC Ltd., started the new week with an assurance to its investors and stakeholders that the days of complacency were over.
The assurance came following the repositioning of the company to focus on profitability and value addition to its shareholders.
The GMD/CEO of the NNPC, Mele Kyari, gave the assurance at the opening ceremony of the 2022 edition of the Nigerian Oil and Gas, NOG, Conference and Exhibition which held at the International Conference Centre, Abuja.
Declaring the conference open, Mr Kyari who was represented by NNPC Chief Financial Officer, Umar Ajiya, called on operators in the nation’s oil and gas industry to focus more on gas development.
Mr Kyari said emphasis should be on gas-to-power, gas-to-industry and gas-for-export projects and activities.
He explained that with the reality of the global energy transition and Nigeria’s commitment to use gas as its transition fuel, value now lies in gas development.
The NNPC GMD/CEO also said that the Petroleum Industry Act, PIA, had also provided ample incentives for investors in the gas sector.
Mr Kyari urged delegates and exhibitors to use the opportunity provided by the conference to network and brainstorm on solutions to the challenges brought about by the global energy transition and the Russian-Ukraine war.
He also urged them to find better ways to maximise the potentials inherent in the nation’s abundant gas resources.