After 21 successful editions, the industry-shaping NOG Conference & Exhibition will be repositioned as the NOG Energy Week Conference & Exhibition to strengthen Nigeria‘s key role in the global energy agenda, dmg announced. Nigeria events (www.dmgEvents.com).
The repositioning follows the most recent edition, which concluded on July 7, and underscored the conference’s reputation as a critical facilitator of dialogue on energy agendas at the local level, particularly as diesel and gasoline prices continue to rise in Nigeria. Operating expenses are also rising despite the continued unreliability of national grid power, with companies passing the higher costs on to consumers.
“The repositioning to NOG Energy Week will foster a stronger and more integrated conversation about Nigeria’s key role in the broader global energy agenda,” said Odiri Umusu, director of sales for dmg Nigeria events. “With the effects of geopolitics, energy supply disruption and increased demand pushing against ambitious net zero agendas, we must recognize and engage with the entire existing and emerging Nigerian energy ecosystem. By expanding our reach across oil, gas, liquefied natural gas (LNG), renewables and power, we have the opportunity to bring together energy industry decision makers, as well as financiers and investors for conversations that will propel us towards sustainability and justice. energy solutions.”
The 21st NOG Conference & Exhibition focused on financing Nigeria’s energy mix for sustainable economic growth. The event began with the presentation of the Seven Ministerial Regulations by Ing. Simbi Wabote, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB). The regulations aim to boost local content and boost investment in the sector, including opportunities for indigenous businesses.
The 2022 Energy Progress Report, published by the International Energy Agency (IEA), together with the United Nations Statistics Division, the International Renewable Energy Agency (IRENA), the World Bank and the World Health Organization ( WHO), estimates that nearly 92 million Nigerians lack access to electricity from the national grid.
In addition to its crude oil reserves, Nigeria has abundant options for energy sources in the form of natural gas, solar, hydro, wind, biomass, and geothermal. To further explore the opportunities for Nigeria and its role in the global energy landscape, NOG’s new Energy Week will bring together policy makers, financiers, investors and business leaders to discuss strategies, practical solutions and the resources needed to address supply challenges while moving towards net zero ambitions.
As Nigeria navigates its path of energy evolution, underpinned by ‘The Gas Decade’, and seeks a fairer, more affordable and sustainable energy system, it is critical that NOG also adapt not only its narrative but what it stands for.
Petroleum Resources Minister Timipre Sylva, who attended the recent NOG in Abuja, stated: “The President will continue to strengthen the gas value chain as it is vital to transforming the economy of our great nation. This initiative will create more than 2 million jobs per year, promote skill acquisition and enhance technology transfer, as well as increase the nation’s gross domestic product.”
“As most Nigerians lack access to energy, NOG was a great opportunity for local and foreign investors to enter the sector,” said Mele Kolo Kyari, Group Managing Director – NNPC. “Our investments in the Nigerian gas market are based on the belief that the market will grow given domestic need.”
NOG Energy Week will take place from July 2-6, 2023 and expects to welcome more than 5,000 attendees, 600 delegates, more than 350 exhibiting companies and 85 expert industry speakers in 35 sessions spanning two conference streams.
NOG 2022 Sponsors included NNPC, ExxonMobil, IPPCG, Nigeria LNG Limited, Shell, Chevron, Total Energies, Oando, IPPG, NUPRC, NCDMB, Prime Atlantic, DCPL Coleman Wires and Cables, UTM Offshore Limited, First E& P , Montego, ND Westers, Samsung, Montego, Nivafer, Russell Smith, Vurin Group, MG Vowgas, WAV, MicCom, Niger Delta E&P, Eleval Group, Heritage Energy, Seplat Energy, Banwo & Ighodalo, and DENL.