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Home»News»Natural gas crucial for Nigeria’s  economic, industrial development – Kyari
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Natural gas crucial for Nigeria’s  economic, industrial development – Kyari

Our ReporterBy Our ReporterApril 10, 2024No Comments2 Mins Read
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Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mr. Mele Kyari, has reemphasized the critical role of natural gas in accelerating speedy economic growth and industrial development In Nigeria.

Kyari, stated this in Abuja at the public presentation of the book, “The Rise of Gas: From Gaslink to the Decade of Gas” authored by Charles Osezua.

The GCEO identified gas’ global acceptance as a crucial energy source that sustains economic growth and drives industrial activities.

In a statement posted on the firm’s official handle) on Wednesday, the Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, in a statement on the organization’s official handle (@nnpclimited) quoted Kyari as stressing the importance of prioritising natural gas production and supply.

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He said, “This is especially crucial given the geopolitical dynamics and energy security concerns in the global economy. 

The GCEO, represented by Mrs. Oluwakemi Olumuyiwa, Head of Relationship and Stakeholder Management at NNPCL., reiterated the significance of documenting Nigeria’s gas sector.

According to Kyari, it is pertinent that Nigeria leverages the gas resource for sustainable development, energy security, and job creation.

Reports indicate that Nigeria presently boast of substantial gas reserves exceeding 200 trillion cubic feet (Tcf) and the potential to reach 600 Tcf. 

Speaking, Kyari noted that, “the book aligns with the Federal Government’s ‘Decade of Gas’ initiative, aimed at optimising Nigeria’s abundant gas reserves for both domestic consumption and international export.”

He added that, “as a key stakeholder, NNPC Ltd. 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.”

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