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NNPCL CEO emphasizes importance of natural gas for economic growth



Demand for Nigeria's crude oil drops by 6.8 million barrels amidst pandemic

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), has reiterated the vital role of natural gas in driving economic growth and industrial development.

Speaking at the public presentation of the book titled ‘The Rise of Gas: From Gaslink to the Decade of Gas’, authored by Charles Osezua, Kyari emphasized the global significance of gas as a crucial energy source sustaining economic growth and industrial activities.

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

He highlighted the need to prioritize natural gas production and supply, particularly in light of geopolitical dynamics and energy security in the global economy.

With Nigeria boasting substantial gas reserves exceeding 200 trillion cubic feet and a potential to reach 600 tcf, Kyari emphasized the importance of leveraging this resource for sustainable development, energy security, and job creation.

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

He highlighted NNPCL’s leading role in advancing this agenda through strategic investments in critical gas infrastructure.

Author Charles Osezua expressed gratitude to NNPCL for its support towards the book launch, emphasizing the company’s commitment to fostering knowledge sharing and innovation within the gas industry.

Afolabi Oladele, Chairman of the Impact Investors Foundation and former Group Executive Director of NNPCL, commended the book for its comprehensive insights into the gas value chain, noting its relevance to policymakers amid the global energy transition.

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