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  •  Roger Brown Chief Executive Officer CEO Seplat Energy Plc says the completion of the company s Assa North Ohaji South ANOH project in Imo State will positively boost the supply chain in the oil and gas industry of the nation Brown told reporters on the sidelines of the 2022 Offshore Technology Conference that just concluded in Houston Texas United States on Thursday The CEO who spoke about the progress made so far on the ANOH project described it as a game changer for the company as well as for the oil and gas industry According to him the 300 million standard cubic feet per day mmscfd gas project will be operational next year compared to the previous initial target of the first half of 2022 He said The ANOH is a game changer in terms of gas business By the middle of next year the project will be underway The first gas is being delayed because one of the connecting pipelines is being delayed due to supply chain issues to get the steel pipes from China However it is a temporary problem For us the 300 gas plant is material and will do the processing of dry gas that will be supplied to industrial customers The ANOH field which is one of the largest onshore fields in Nigeria is a condensate rich field The liquid is in two deposits but one of them in particular is rich in it Brown however said there will be almost 10 000 a day of condensate production when the company starts production He said We will get 50 percent of the production from the ANOH gas plant We are going to have 50 percent of the 300 million standard cubic feet per day of gas which is 150 of processed gas plus 10 000 per day of production in condensate According to him Seplat as a company will reinforce its gas credentials in the country We will become one of the largest gas processing companies alongside the Nigerian government It s a very important part of our business model to offer that We started investing in gas in 2012 when we bought the first assets from Shell Gasoline was worthless then it was a headache Brown added He said that the company s operations over the years had become commercial in the country especially with the supply of domestic gas He said It is a good business opportunity and the ANOH gas plant will increase and grow quite dramatically We strongly believe in domestic gas we also believe in Nigerian liquefied natural gas NLNG for export But for all that is exported it will be bad for Nigeria We need to develop more domestic gas because the price of diesel in the country is crazy The average Nigerian is spending a lot on power electricity diesel and PMS gasoline generators It is holding the country back enormously It is very polluting noisy and very expensive It is five times more expensive than gas and it is not creating jobs in the country because companies cannot afford to operate with fuel ANOH will create enormous value for the country We work with the government we would love for its completion to be faster NAN reports that the ANOH plant project is one of the federal government s seven critical gas development projects of 2018 and one of the most strategic gas projects in Nigeria It will process gas captured from the Seplat onshore oil block under oil mining lease OML 53 in Imo state The project is being built by ANOH Gas Processing Company Ltd AGPC an incorporated joint venture IJV owned equally 50 percent each between Seplat and Nigerian Gas Company NGC which is an arm of Nigerian National Oil Company Ltd NNPC Seplat and NGC previously provided a combined 420 million equity financing and the project is now fully funded In January 2021 Seplat raised 260 million provided by a consortium of seven banks Stanbic IBTC Bank Plc advisor United Bank for Africa Plc Zenith Bank Plc FirstRand Bank Ltd London Branch RMB Nigeria Ltd Mauritius Commercial Bank Ltd Union Bank of Nigeria Plc and FCMB Capital Markets Ltd The construction cost of the plant is estimated at 650 million dollars The two interested parties which include Seplat and NGC previously provided combined equity financing of 420 million AGPC s construction cost was reduced to 650 million including financing costs and taxes as a result of the cost optimization program significantly less than the original projected cost of 700 million Seplat is a supplier of natural gas to Nigeria s energy sector supplying around 30 percent of the gas used for electricity generation I NAN
    ANOH project game changer for Seplat, oil, gas industry, says Seplat CEO
     Roger Brown Chief Executive Officer CEO Seplat Energy Plc says the completion of the company s Assa North Ohaji South ANOH project in Imo State will positively boost the supply chain in the oil and gas industry of the nation Brown told reporters on the sidelines of the 2022 Offshore Technology Conference that just concluded in Houston Texas United States on Thursday The CEO who spoke about the progress made so far on the ANOH project described it as a game changer for the company as well as for the oil and gas industry According to him the 300 million standard cubic feet per day mmscfd gas project will be operational next year compared to the previous initial target of the first half of 2022 He said The ANOH is a game changer in terms of gas business By the middle of next year the project will be underway The first gas is being delayed because one of the connecting pipelines is being delayed due to supply chain issues to get the steel pipes from China However it is a temporary problem For us the 300 gas plant is material and will do the processing of dry gas that will be supplied to industrial customers The ANOH field which is one of the largest onshore fields in Nigeria is a condensate rich field The liquid is in two deposits but one of them in particular is rich in it Brown however said there will be almost 10 000 a day of condensate production when the company starts production He said We will get 50 percent of the production from the ANOH gas plant We are going to have 50 percent of the 300 million standard cubic feet per day of gas which is 150 of processed gas plus 10 000 per day of production in condensate According to him Seplat as a company will reinforce its gas credentials in the country We will become one of the largest gas processing companies alongside the Nigerian government It s a very important part of our business model to offer that We started investing in gas in 2012 when we bought the first assets from Shell Gasoline was worthless then it was a headache Brown added He said that the company s operations over the years had become commercial in the country especially with the supply of domestic gas He said It is a good business opportunity and the ANOH gas plant will increase and grow quite dramatically We strongly believe in domestic gas we also believe in Nigerian liquefied natural gas NLNG for export But for all that is exported it will be bad for Nigeria We need to develop more domestic gas because the price of diesel in the country is crazy The average Nigerian is spending a lot on power electricity diesel and PMS gasoline generators It is holding the country back enormously It is very polluting noisy and very expensive It is five times more expensive than gas and it is not creating jobs in the country because companies cannot afford to operate with fuel ANOH will create enormous value for the country We work with the government we would love for its completion to be faster NAN reports that the ANOH plant project is one of the federal government s seven critical gas development projects of 2018 and one of the most strategic gas projects in Nigeria It will process gas captured from the Seplat onshore oil block under oil mining lease OML 53 in Imo state The project is being built by ANOH Gas Processing Company Ltd AGPC an incorporated joint venture IJV owned equally 50 percent each between Seplat and Nigerian Gas Company NGC which is an arm of Nigerian National Oil Company Ltd NNPC Seplat and NGC previously provided a combined 420 million equity financing and the project is now fully funded In January 2021 Seplat raised 260 million provided by a consortium of seven banks Stanbic IBTC Bank Plc advisor United Bank for Africa Plc Zenith Bank Plc FirstRand Bank Ltd London Branch RMB Nigeria Ltd Mauritius Commercial Bank Ltd Union Bank of Nigeria Plc and FCMB Capital Markets Ltd The construction cost of the plant is estimated at 650 million dollars The two interested parties which include Seplat and NGC previously provided combined equity financing of 420 million AGPC s construction cost was reduced to 650 million including financing costs and taxes as a result of the cost optimization program significantly less than the original projected cost of 700 million Seplat is a supplier of natural gas to Nigeria s energy sector supplying around 30 percent of the gas used for electricity generation I NAN
    ANOH project game changer for Seplat, oil, gas industry, says Seplat CEO
    General news7 months ago

    ANOH project game changer for Seplat, oil, gas industry, says Seplat CEO

    Roger Brown, Chief Executive Officer (CEO), Seplat Energy Plc, says the completion of the company's Assa North-Ohaji South (ANOH) project in Imo State will positively boost the supply chain in the oil and gas industry of the nation.

    Brown told reporters on the sidelines of the 2022 Offshore Technology Conference that just concluded in Houston, Texas, United States on Thursday.

    The CEO who spoke about the progress made so far on the ANOH project, described it as a game changer for the company as well as for the oil and gas industry.

    According to him, the 300 million standard cubic feet per day (mmscfd) gas project will be operational next year compared to the previous initial target of the first half of 2022.

    He said: “The ANOH is a game changer in terms of gas business. By the middle of next year, the project will be underway.

    “The first gas is being delayed because one of the connecting pipelines is being delayed due to supply chain issues to get the steel pipes from China. However, it is a temporary problem.

    “For us, the 300 gas plant is material and will do the processing of dry gas that will be supplied to industrial customers.

    “The ANOH field, which is one of the largest onshore fields in Nigeria, is a condensate-rich field. The liquid is in two deposits, but one of them in particular is rich in it.

    Brown, however, said there will be almost 10,000 a day of condensate production when the company starts production.

    He said: “We will get 50 percent of the production from the ANOH gas plant.

    "We are going to have 50 percent of the 300 million standard cubic feet per day of gas, which is 150 of processed gas, plus 10,000 per day of production in condensate."

    According to him, Seplat as a company will reinforce its gas credentials in the country.

    “We will become one of the largest gas processing companies alongside the Nigerian government.

    “It's a very important part of our business model to offer that.

    “We started investing in gas in 2012, when we bought the first assets from Shell. Gasoline was worthless then, it was a headache,” Brown added.

    He said that the company's operations over the years had become commercial in the country, especially with the supply of domestic gas.

    He said: “It is a good business opportunity and the ANOH gas plant will increase and grow quite dramatically.

    “We strongly believe in domestic gas, we also believe in Nigerian liquefied natural gas (NLNG) for export. But for all that is exported it will be bad for Nigeria.

    “We need to develop more domestic gas because the price of diesel in the country is crazy. The average Nigerian is spending a lot on power, electricity, diesel and PMS (gasoline) generators.

    “It is holding the country back enormously. It is very polluting, noisy and very expensive.

    “It is five times more expensive than gas and it is not creating jobs in the country because companies cannot afford to operate with fuel.

    “ANOH will create enormous value for the country. We work with the government, we would love for its completion to be faster”.

    NAN reports that the ANOH plant project is one of the federal government's seven critical gas development projects of 2018 and one of the most strategic gas projects in Nigeria.

    It will process gas captured from the Seplat onshore oil block under oil mining lease (OML 53) in Imo state.

    The project is being built by ANOH Gas Processing Company Ltd., (AGPC), an incorporated joint venture (IJV) owned equally (50 percent each) between Seplat and Nigerian Gas Company (NGC), which is an arm of Nigerian. National Oil Company Ltd. (NNPC).

    Seplat and NGC previously provided a combined $420 million equity financing and the project is now fully funded.

    In January 2021, Seplat raised $260 million, provided by a consortium of seven banks: Stanbic IBTC Bank Plc (advisor), United Bank for Africa Plc, Zenith Bank Plc, FirstRand Bank Ltd., (London Branch) RMB Nigeria Ltd. ., Mauritius Commercial Bank Ltd., Union Bank of Nigeria Plc and FCMB Capital Markets Ltd.

    The construction cost of the plant is estimated at 650 million dollars. The two interested parties, which include Seplat and NGC, previously provided combined equity financing of $420 million.

    AGPC's construction cost was reduced to $650 million, including financing costs and taxes, as a result of the cost optimization program, significantly less than the original projected cost of $700 million.

    Seplat is a supplier of natural gas to Nigeria's energy sector, supplying around 30 percent of the gas used for electricity generation.

    I

    (NAN)

  •  Eko Book Club a literary organization based in Lagos has set aside April 28th 2022 to host two prominent fiction writers Gabriel Sunday Afolayan and Albert Afeso Akanbi They will be lecturing on the Fundamentals and Techniques of Fiction Writing A statement issued by the Coordinator of the Club Oyinkansola Adesewa said the event would take place via Whatsapp by 8 00PM According to the statement Eko Fiction Writing Webinar is a day online course for writers and book lovers who are new to fiction writing or who would like to return to the fundamentals of fiction The Webinar offers the opportunity to learn from a faculty of nationally known professionals in the field of fiction writing and to meet fellow writers who share common interests Profiles of Our Guest Instructors Gabriel Sunday Afolayan is a Nigerian newspaper columnist a polytechnic lecturer novelist poet and public affairs commentator His interest covers such genres as prose fiction poetry and creative essays He has been writing since his days in the university contributing local news articles and short stories for publication in national newspapers and magazines He attended the Institute of Journalism Benin City and later Enugu State University of Science and Technology Enugu as well as Nnamdi Azikwe University Awka Anambra State Nigeria where he bagged his M Sc in Mass Communication He is currently researching a Ph D in Media and Ethno political Crises in Nigeria from the Department of Mass Communication University of Nigeria Nsukka The Ekiti State born writer started his journalism career with the defunct National Concord where he rose to the position of State Correspondent later to the The Guardian newspaper as a Staff Reporter and Issues news magazine as Staff Writer During his days in the news media he extensively covered different beats writing many lead stories on crime political and allied metropolitan events and issues with particular focus on investigative and interpretative journalism A prolific writer Afolayan s first published title Beyond the Silent Grave published in 2001 by Spectrum Books Ibadan was an instant success The 251 page fast paced novel was later nominated for many awards including the Cadbury ANA Prose Prize and NLNG s Nigeria Prize for Literature in 2004 The book was later awarded the FG UBE Grant in 2013 2014 alongside some selected titles by different Nigerian authors for the education intervention programme of the Federal Ministry of Education Apart from his media experience he has worked in the manufacturing industry and rose to the post of Marketing Manager in a vegetable oil company in Ondo State before taking appointment with the Ondo State Polytechnic now Rufus Giwa Polytechnic Owo Nigeria where he currently teaches journalism media and communication courses in the Department of Mass Communication As a public affairs analyst he has been a regular personality on television and radio stations in Ondo State featuring regularly on such programmes as Cross Fire AM Today and Ojumo Ire where topical issues affecting the society are discussed with other panelists Apart from a long dossier of about twenty well researched articles published in many reputable journals within and outside Nigeria his works ranging from full length novels book chapters poems and short stories in anthology collections have enjoyed wide circulation and acceptance as literature reference materials in many universities across the globe His other books also includeRomoke the Little Orphan published on the grant of the Tertiary Education Trust Fund TETFund Pa Jeje s Legendary Tales The Recalcitrant King and The Sunshine Tales an anthology of short stories which he co edited His short story novelettes particularly designed for primary school pupils include Taiwo and His Naughty Friends Death and the Three Greedy Rascals The Richman and the Poor Beggars among other titles As one of a few committed and established writers in the 21st century Africa his works have been reviewed by different newspapers in Nigeria and scholars in first class institutions abroad These include Safari Books Channel Islands UK African Books Collective Oxford UK University of Texas Austin USA and World Literature Today published at the University of Oklahoma USA and some online platforms One of his poems Plagued by the Anger of Hunger was selected in 2021 as one of the 10 most outstanding entries in the EndSars poetry contest organised by the Society of Young Nigerian Writers SYNW in collaboration with the US based International Human Rights Arts Festival A literary activist and community development enthusiast Afolayan is a member of the African Council for Communication Education ACCE African Journalism and Communication League AJCL Nigerian Institute of Public Relations NIPR and currently the Chairman of the Association of Nigerian Authors ANA Ondo State Chapter and was once a member of the National Executive Committee of the association He is married to former Miss Oluwatoyin Omodara and their union is blessed with godly and wonderful children nbsp Albert Afeso Akanbi Albert Afeso Akanbi was born in Nigeria on 31 March a writer filmmaker amp humanitarian he holds a B Sc in Economics a certificate in filmmaking and a 2017 RNTC Media institute in the Netherlands certificate in Persuasive Storytelling and Journalism nbsp One of his short stories was among 50 selected from 38 writers representing 16 countries that appeared in the African Book Club s maiden anthology The Bundles of Joy and Other Stories from Africa published in the United State of America in 2014 As an alumni of the Sangam House International Writers residency in India his creative piece on the subject of dance and the writing craft was among the over 44 works selected from over 40 writers cut across 3 continents that appeared in the Vol 3 of the Sangam House reader Other Windows published in India in early 2017 His short story That Sunday Afternoon won the maiden WordMaster Writers Challenge competition in May 2015 In 2018 he released two e books Urushi and Other Stories from Ososo and Christians and Muslims A Collection of Articles to some critical acclaim In 2019 he launched a picture book about Ososo the scenic town of streams and rocks caught in between the undulating Somorika hills of southern Nigeria and since then has gone on to make documentary films all of them to critical acclaim His op ed articles appear frequently in a handful Nigerian media platforms He is the author of OSOSO Our Place Our People amp Our Patrimony The Edge of Patience Cold Black Night and November 5 He runs a film making company Doppler Films in Nigeria He is a father For Enquiries contact Wole Adedoyin 08072673852 or woleadedoyin gmail com
    Afolayan, Akanbi to Headline Eko Fiction Writing Webinar
     Eko Book Club a literary organization based in Lagos has set aside April 28th 2022 to host two prominent fiction writers Gabriel Sunday Afolayan and Albert Afeso Akanbi They will be lecturing on the Fundamentals and Techniques of Fiction Writing A statement issued by the Coordinator of the Club Oyinkansola Adesewa said the event would take place via Whatsapp by 8 00PM According to the statement Eko Fiction Writing Webinar is a day online course for writers and book lovers who are new to fiction writing or who would like to return to the fundamentals of fiction The Webinar offers the opportunity to learn from a faculty of nationally known professionals in the field of fiction writing and to meet fellow writers who share common interests Profiles of Our Guest Instructors Gabriel Sunday Afolayan is a Nigerian newspaper columnist a polytechnic lecturer novelist poet and public affairs commentator His interest covers such genres as prose fiction poetry and creative essays He has been writing since his days in the university contributing local news articles and short stories for publication in national newspapers and magazines He attended the Institute of Journalism Benin City and later Enugu State University of Science and Technology Enugu as well as Nnamdi Azikwe University Awka Anambra State Nigeria where he bagged his M Sc in Mass Communication He is currently researching a Ph D in Media and Ethno political Crises in Nigeria from the Department of Mass Communication University of Nigeria Nsukka The Ekiti State born writer started his journalism career with the defunct National Concord where he rose to the position of State Correspondent later to the The Guardian newspaper as a Staff Reporter and Issues news magazine as Staff Writer During his days in the news media he extensively covered different beats writing many lead stories on crime political and allied metropolitan events and issues with particular focus on investigative and interpretative journalism A prolific writer Afolayan s first published title Beyond the Silent Grave published in 2001 by Spectrum Books Ibadan was an instant success The 251 page fast paced novel was later nominated for many awards including the Cadbury ANA Prose Prize and NLNG s Nigeria Prize for Literature in 2004 The book was later awarded the FG UBE Grant in 2013 2014 alongside some selected titles by different Nigerian authors for the education intervention programme of the Federal Ministry of Education Apart from his media experience he has worked in the manufacturing industry and rose to the post of Marketing Manager in a vegetable oil company in Ondo State before taking appointment with the Ondo State Polytechnic now Rufus Giwa Polytechnic Owo Nigeria where he currently teaches journalism media and communication courses in the Department of Mass Communication As a public affairs analyst he has been a regular personality on television and radio stations in Ondo State featuring regularly on such programmes as Cross Fire AM Today and Ojumo Ire where topical issues affecting the society are discussed with other panelists Apart from a long dossier of about twenty well researched articles published in many reputable journals within and outside Nigeria his works ranging from full length novels book chapters poems and short stories in anthology collections have enjoyed wide circulation and acceptance as literature reference materials in many universities across the globe His other books also includeRomoke the Little Orphan published on the grant of the Tertiary Education Trust Fund TETFund Pa Jeje s Legendary Tales The Recalcitrant King and The Sunshine Tales an anthology of short stories which he co edited His short story novelettes particularly designed for primary school pupils include Taiwo and His Naughty Friends Death and the Three Greedy Rascals The Richman and the Poor Beggars among other titles As one of a few committed and established writers in the 21st century Africa his works have been reviewed by different newspapers in Nigeria and scholars in first class institutions abroad These include Safari Books Channel Islands UK African Books Collective Oxford UK University of Texas Austin USA and World Literature Today published at the University of Oklahoma USA and some online platforms One of his poems Plagued by the Anger of Hunger was selected in 2021 as one of the 10 most outstanding entries in the EndSars poetry contest organised by the Society of Young Nigerian Writers SYNW in collaboration with the US based International Human Rights Arts Festival A literary activist and community development enthusiast Afolayan is a member of the African Council for Communication Education ACCE African Journalism and Communication League AJCL Nigerian Institute of Public Relations NIPR and currently the Chairman of the Association of Nigerian Authors ANA Ondo State Chapter and was once a member of the National Executive Committee of the association He is married to former Miss Oluwatoyin Omodara and their union is blessed with godly and wonderful children nbsp Albert Afeso Akanbi Albert Afeso Akanbi was born in Nigeria on 31 March a writer filmmaker amp humanitarian he holds a B Sc in Economics a certificate in filmmaking and a 2017 RNTC Media institute in the Netherlands certificate in Persuasive Storytelling and Journalism nbsp One of his short stories was among 50 selected from 38 writers representing 16 countries that appeared in the African Book Club s maiden anthology The Bundles of Joy and Other Stories from Africa published in the United State of America in 2014 As an alumni of the Sangam House International Writers residency in India his creative piece on the subject of dance and the writing craft was among the over 44 works selected from over 40 writers cut across 3 continents that appeared in the Vol 3 of the Sangam House reader Other Windows published in India in early 2017 His short story That Sunday Afternoon won the maiden WordMaster Writers Challenge competition in May 2015 In 2018 he released two e books Urushi and Other Stories from Ososo and Christians and Muslims A Collection of Articles to some critical acclaim In 2019 he launched a picture book about Ososo the scenic town of streams and rocks caught in between the undulating Somorika hills of southern Nigeria and since then has gone on to make documentary films all of them to critical acclaim His op ed articles appear frequently in a handful Nigerian media platforms He is the author of OSOSO Our Place Our People amp Our Patrimony The Edge of Patience Cold Black Night and November 5 He runs a film making company Doppler Films in Nigeria He is a father For Enquiries contact Wole Adedoyin 08072673852 or woleadedoyin gmail com
    Afolayan, Akanbi to Headline Eko Fiction Writing Webinar
    General news7 months ago

    Afolayan, Akanbi to Headline Eko Fiction Writing Webinar

    Eko Book Club, a literary organization based in Lagos has set aside April 28th, 2022 to host two prominent fiction writers; Gabriel Sunday Afolayan and Albert Afeso Akanbi. They will be lecturing on the Fundamentals and Techniques of Fiction Writing.A statement issued by the Coordinator of the Club, Oyinkansola Adesewa said the event would take place via Whatsapp by 8:00PM.According to the statement, Eko Fiction Writing Webinar is a day online course for writers and book lovers who are new to fiction writing or who would like to return to the fundamentals of fiction.The Webinar offers the opportunity to learn from a faculty of nationally known professionals in the field of fiction writing and to meet fellow writers who share common interests.

    Profiles of Our Guest Instructors

    Gabriel Sunday Afolayan is a Nigerian newspaper columnist, a polytechnic lecturer, novelist, poet and public affairs commentator. His interest covers such genres as prose fiction, poetry and creative essays. He has been writing since his days in the university, contributing local news, articles and short stories for publication in national newspapers and magazines. He attended the Institute of Journalism, Benin City and later Enugu State University of Science and Technology, Enugu, as well as Nnamdi Azikwe University, Awka, Anambra State, Nigeria,where he bagged his M.Sc in Mass Communication. He is currently researching a Ph.D in “Media and Ethno-political Crises in Nigeria” from the Department of Mass Communication, University of Nigeria, Nsukka.The Ekiti State-born writer started his journalism career with the defunct National Concord, where he rose to the position of State Correspondent, later to the The Guardian newspaper as a Staff Reporter and Issues news magazine as Staff Writer. During his days in the news media, he extensively covered different beats, writing many lead stories on crime, political and allied metropolitan events and issues, with particular focus on investigative and interpretative journalism.A prolific writer, Afolayan’s first published title - Beyond the Silent Grave, published in 2001 by Spectrum Books, Ibadan -was an instant success. The 251-page fast paced novel was later nominated for many awards, including the Cadbury/ANA Prose Prize and NLNG’s Nigeria Prize for Literature in 2004. The book was later awarded the FG/UBE Grant in 2013/2014 alongside some selected titles by different Nigerian authors for the education intervention programme of the Federal Ministry of Education.Apart from his media experience, he has worked in the manufacturing industry and rose to the post of Marketing Manager in a vegetable oil company in Ondo State before taking appointment with the Ondo State Polytechnic, now, Rufus Giwa Polytechnic, Owo, Nigeria, where he currently teaches journalism, media and communication courses in the Department of Mass Communication. As a public affairs analyst, he has been a regular personality on television and radio stations in Ondo State, featuring regularly on such programmes as Cross Fire, AM Today and Ojumo Ire – where topical issues affecting the society are discussed with other panelists.Apart from a long dossier of about twenty well researched articles published in many reputable journals within and outside Nigeria, his works, ranging from full length novels, book chapters, poems and short stories in anthology collections, have enjoyed wide circulation and acceptance as literature reference materials in many universities across the globe. His other books also includeRomoke: the Little Orphan – published on the grant of the Tertiary Education Trust Fund (TETFund), Pa Jeje’s Legendary Tales, The Recalcitrant King and The Sunshine Tales (an anthology of short stories),which he co-edited. His short story novelettes, particularly designed for primary school pupils, include Taiwo and His Naughty Friends, Death and the Three Greedy Rascals, The Richman and the Poor Beggars, among other titles.As one of a few committed and established writers in the 21st century Africa, his works have been reviewed by different newspapers in Nigeria and scholars in first class institutions abroad. These include Safari Books, Channel Islands, UK, African Books Collective, Oxford, UK, University of Texas, Austin, USA,and World Literature Today, published at the University of Oklahoma, USA and some online platforms. One of his poems: Plagued by the Anger of Hunger was selected in 2021 as one of the “10 most outstanding entries” in the #EndSars poetry contest, organised by the Society of Young Nigerian Writers (SYNW) in collaboration with the US-based International Human Rights Arts Festival.A literary activist and community development enthusiast, Afolayan is a member of the African Council for Communication Education (ACCE), African Journalism and Communication League (AJCL) Nigerian Institute of Public Relations (NIPR) and currently the Chairman of the Association of Nigerian Authors (ANA), Ondo State Chapter and was once a member of the National Executive Committee of the association. He is married to former Miss Oluwatoyin Omodara and their union is blessed with godly and wonderful children. 

    Albert Afeso Akanbi

    Albert Afeso Akanbi was born in Nigeria on 31 March, a writer, filmmaker & humanitarian, he holds a B.Sc. in Economics, a certificate in filmmaking and a 2017 RNTC Media institute in the Netherlands certificate in Persuasive Storytelling and Journalism. One of his short stories was among 50 selected from 38 writers representing 16 countries that appeared in the African Book Club’s maiden anthology The Bundles of Joy and Other Stories from Africa published in the United State of America in 2014. As an alumni of the Sangam House International Writers' residency in India, his creative piece on the subject of dance and the writing craft was among the over 44 works selected from over 40 writers cut across 3 continents that appeared in the Vol 3 of the Sangam House reader, Other Windows, published in India in early 2017.His short story That Sunday Afternoon won the maiden WordMaster Writers’ Challenge competition in May, 2015.In 2018 he released two e-books, Urushi and Other Stories from Ososo and Christians and Muslims: A Collection of Articles to some critical acclaim.In 2019, he launched a picture book about Ososo, the scenic town of streams and rocks caught in-between the undulating Somorika hills of southern Nigeria, and since then has gone on to make documentary films, all of them to critical acclaim.His op-ed articles appear frequently in a handful Nigerian media platforms.He is the author of OSOSO: Our Place, Our People & Our Patrimony, The Edge of Patience, Cold Black Night and November 5. He runs a film making company Doppler Films in Nigeria. He is a father.For Enquiries contact: Wole Adedoyin: 08072673852 or woleadedoyin@gmail.com

  •   The shipping arm of Nigeria s liquefied natural gas NLNG Nigeria Ship Management Ltd NSML said on Wednesday that only Nigerian seafarers pay taxes globally Fleet Manager NSML Captain Hambali Yusuf unveiled this at an annual conference organized by the Correspondents Association of Nigeria SCAN in Lagos The theme of the conference was NLNG Vessel Movement and Challenges Yusuf pointed out that seafarers in India were exempt from paying taxes unlike their counterparts in Nigeria He lamented that Nigeria was losing many seafarers to foreigners due to the tax issue In India if you are not in the country for seven months you will not pay any tax But in Nigeria if you are not present for a whole year you are still going to pay taxes and you know that the tax is qualified according to the level of each one And so a seaman who sees where to go and is paid without tax deductions will gladly move there he said He stressed the need to advocate with the government so that the problem is resolved for economic growth and development Yusuf added that seafarers pensions were deducted in dollars in Nigeria but returned to them in naira Speaking at the dry dock Yusuf explained that the facilities in the country could not handle the size of the company s ships Our boats are 283 meters long and 45 meters wide and now there is no place in Nigeria that can accommodate a boat of that size We would have loved to drydock in Nigeria because it would be easier for us than moving hundreds of nautical miles away This will also cost us some money she said He noted that to ensure the sector and the nation attract investment Nigeria needed to be declared a maritime nation and in doing so the government should grant exemptions Mr Henry Agbodjan Human Resources Manager NSML said that Nigeria needed to be on the International Maritime Organization s white list for seafarers certificates to be acceptable According to him to ensure this happens there must be a deliberate effort by the Nigerian Maritime Administration and Safety Agency NIMASA to address the issue Mr Abdulkadir Ahmed Director General of NSML said that the NSML crew officers and sailors were trained according to international standards Ahmed said the qualifications were 100 percent Nigerian while the NSML operates a multicultural fleet of officers comprising Nigerians British Croats Malays Indians and Filipinos The NSML is indisputably the largest employer of skilled seafarers in Nigeria with over 700 shipboard personnel officers and ratings on its books he said He listed some of the challenges it faces such as strict global maritime regulations emerging global maritime technology trends piracy and security challenges in the Gulf of Guinea the future of maritime skillsets and others Ahmed charged the media with the timely dissemination of accurate factual and appropriate information Earlier Mr Eugene Agha President of SCAN said that gas is not only the future of global energy exploration and use but also Nigeria s huge source of income and employment Agha pointed out that the changing trends in the global energy sector demanded a corresponding upgrading and updating of the knowledge and skills of media professionals This will help stakeholders continually tap into the opportunities and risks inherent in this sector which may attract more favorable legislation to reposition the sector It will also address the challenges and bring in healthier competition and more profits he said
    Only Nigerian seafarers pay tax globally – NSML
      The shipping arm of Nigeria s liquefied natural gas NLNG Nigeria Ship Management Ltd NSML said on Wednesday that only Nigerian seafarers pay taxes globally Fleet Manager NSML Captain Hambali Yusuf unveiled this at an annual conference organized by the Correspondents Association of Nigeria SCAN in Lagos The theme of the conference was NLNG Vessel Movement and Challenges Yusuf pointed out that seafarers in India were exempt from paying taxes unlike their counterparts in Nigeria He lamented that Nigeria was losing many seafarers to foreigners due to the tax issue In India if you are not in the country for seven months you will not pay any tax But in Nigeria if you are not present for a whole year you are still going to pay taxes and you know that the tax is qualified according to the level of each one And so a seaman who sees where to go and is paid without tax deductions will gladly move there he said He stressed the need to advocate with the government so that the problem is resolved for economic growth and development Yusuf added that seafarers pensions were deducted in dollars in Nigeria but returned to them in naira Speaking at the dry dock Yusuf explained that the facilities in the country could not handle the size of the company s ships Our boats are 283 meters long and 45 meters wide and now there is no place in Nigeria that can accommodate a boat of that size We would have loved to drydock in Nigeria because it would be easier for us than moving hundreds of nautical miles away This will also cost us some money she said He noted that to ensure the sector and the nation attract investment Nigeria needed to be declared a maritime nation and in doing so the government should grant exemptions Mr Henry Agbodjan Human Resources Manager NSML said that Nigeria needed to be on the International Maritime Organization s white list for seafarers certificates to be acceptable According to him to ensure this happens there must be a deliberate effort by the Nigerian Maritime Administration and Safety Agency NIMASA to address the issue Mr Abdulkadir Ahmed Director General of NSML said that the NSML crew officers and sailors were trained according to international standards Ahmed said the qualifications were 100 percent Nigerian while the NSML operates a multicultural fleet of officers comprising Nigerians British Croats Malays Indians and Filipinos The NSML is indisputably the largest employer of skilled seafarers in Nigeria with over 700 shipboard personnel officers and ratings on its books he said He listed some of the challenges it faces such as strict global maritime regulations emerging global maritime technology trends piracy and security challenges in the Gulf of Guinea the future of maritime skillsets and others Ahmed charged the media with the timely dissemination of accurate factual and appropriate information Earlier Mr Eugene Agha President of SCAN said that gas is not only the future of global energy exploration and use but also Nigeria s huge source of income and employment Agha pointed out that the changing trends in the global energy sector demanded a corresponding upgrading and updating of the knowledge and skills of media professionals This will help stakeholders continually tap into the opportunities and risks inherent in this sector which may attract more favorable legislation to reposition the sector It will also address the challenges and bring in healthier competition and more profits he said
    Only Nigerian seafarers pay tax globally – NSML
    Business8 months ago

    Only Nigerian seafarers pay tax globally – NSML

    The shipping arm of Nigeria's liquefied natural gas (NLNG), Nigeria Ship Management Ltd. (NSML), said on Wednesday that only Nigerian seafarers pay taxes globally.

    Fleet Manager, NSML Captain Hambali Yusuf unveiled this at an annual conference organized by the Correspondents Association of Nigeria (SCAN) in Lagos.

    The theme of the conference was “NLNG Vessel Movement and Challenges”.

    Yusuf pointed out that seafarers in India were exempt from paying taxes unlike their counterparts in Nigeria.

    He lamented that Nigeria was losing many seafarers to foreigners due to the tax issue.

    “In India, if you are not in the country for seven months, you will not pay any tax.

    “But in Nigeria, if you are not present for a whole year, you are still going to pay taxes and you know that the tax is qualified according to the level of each one.

    “And so a seaman who sees where to go and is paid without tax deductions will gladly move there,” he said.

    He stressed the need to advocate with the government so that the problem is resolved for economic growth and development.

    Yusuf added that seafarers' pensions were deducted in dollars in Nigeria but returned to them in naira.

    Speaking at the dry dock, Yusuf explained that the facilities in the country could not handle the size of the company's ships.

    “Our boats are 283 meters long and 45 meters wide and now there is no place in Nigeria that can accommodate a boat of that size.

    “We would have loved to drydock in Nigeria because it would be easier for us than moving hundreds of nautical miles away. This will also cost us some money,” she said.

    He noted that to ensure the sector and the nation attract investment, Nigeria needed to be declared a maritime nation and in doing so the government should grant exemptions.

    Mr. Henry Agbodjan, Human Resources Manager, NSML, said that Nigeria needed to be on the International Maritime Organization's white list for seafarers' certificates to be acceptable.

    According to him, to ensure this happens, there must be a deliberate effort by the Nigerian Maritime Administration and Safety Agency (NIMASA) to address the issue.

    Mr. Abdulkadir Ahmed, Director General of NSML, said that the NSML crew (officers and sailors) were trained according to international standards.

    Ahmed said the qualifications were 100 percent Nigerian, while the NSML operates a multicultural fleet of officers comprising Nigerians, British, Croats, Malays, Indians and Filipinos.

    “The NSML is indisputably the largest employer of skilled seafarers in Nigeria, with over 700 shipboard personnel (officers and ratings) on its books,” he said.

    He listed some of the challenges it faces such as strict global maritime regulations, emerging global maritime technology trends, piracy and security challenges in the Gulf of Guinea, the future of maritime skillsets, and others.

    Ahmed charged the media with the timely dissemination of accurate, factual and appropriate information.

    Earlier, Mr. Eugene Agha, President of SCAN, said that gas is not only the future of global energy exploration and use, but also Nigeria's huge source of income and employment.

    Agha pointed out that the changing trends in the global energy sector demanded a corresponding upgrading and updating of the knowledge and skills of media professionals.

    “This will help stakeholders continually tap into the opportunities and risks inherent in this sector, which may attract more favorable legislation to reposition the sector.

    “It will also address the challenges and bring in healthier competition and more profits,” he said.

  •   The federal government has called on partners in the Nigerian liquefied natural gas NLNG project to allow third party gas transportation through their joint pipelines to increase gas supply to the plant Chief Timipre Sylva Minister of State Petroleum Resources made the appeal during an audience with the new Italian Ambassador to Nigeria Mr Sefano De Leo on Monday in Abuja NLNG has been unable to operate at full capacity following the refusal of joint partners Shell Chevron NNPC and others to allow third parties to transport gas through their pipelines to NLNG trains This has been causing the inability of the company to meet both national and international gas obligations According to a statement from Media and Communications Advisor Horatius Egua NLNG is currently only able to produce around 70 percent of installed capacity Sylva said that if NLNG s partners relaxed their rules and allowed third parties to supply gas to NLNG the company could provide gas to help alleviate the European Union s gas crisis The problem we have with existing NLNG trains is insufficient gas supply The partners are running out of gas and refuse to have third parties supply gas to the Trains The partners insist that they can only allow third parties to supply gas to the plant if they agree to supply at subsidized rates These people of course want to make money and they can t supply at subsidized rates and that s why NLNG trains can t produce at full capacity Partners can afford to supply at subsidized rates because they are partners in the NLNG project not third parties This is a very critical issue that I want to discuss with the respective partners to see how we can resolve this issue so that we can increase NLNG production capacity said Sylva The minister who underlined the long standing relations between Nigeria and Italy also requested the cooperation of the Italian government in providing support for night helicopter rescue operations in the country He added that at the moment helicopters cannot fly at night in Nigeria which prevents any rescue operations at night He said For us this is a very important matter We want to develop a 24 hour economy We want a situation where helicopters can fly 24 hours in Nigeria In his response De Leo emphasized the importance of Nigeria in Africa noting that as the most populous country on the continent it would be difficult for anyone to ignore the country on both the political and economic fronts At the moment the EU wants to diversify its energy sources especially gas and Nigeria is very strategic for us We have been friends and partners for a long time and one of the most important in that sense So we need to continue to have a dialogue about how things can be done right In Africa no country is more strategic than Nigeria because of its population economy and political position So we are happy to work with you the ambassador further stated
    FG charges NNPC, others on gas supply to NLNG plants
      The federal government has called on partners in the Nigerian liquefied natural gas NLNG project to allow third party gas transportation through their joint pipelines to increase gas supply to the plant Chief Timipre Sylva Minister of State Petroleum Resources made the appeal during an audience with the new Italian Ambassador to Nigeria Mr Sefano De Leo on Monday in Abuja NLNG has been unable to operate at full capacity following the refusal of joint partners Shell Chevron NNPC and others to allow third parties to transport gas through their pipelines to NLNG trains This has been causing the inability of the company to meet both national and international gas obligations According to a statement from Media and Communications Advisor Horatius Egua NLNG is currently only able to produce around 70 percent of installed capacity Sylva said that if NLNG s partners relaxed their rules and allowed third parties to supply gas to NLNG the company could provide gas to help alleviate the European Union s gas crisis The problem we have with existing NLNG trains is insufficient gas supply The partners are running out of gas and refuse to have third parties supply gas to the Trains The partners insist that they can only allow third parties to supply gas to the plant if they agree to supply at subsidized rates These people of course want to make money and they can t supply at subsidized rates and that s why NLNG trains can t produce at full capacity Partners can afford to supply at subsidized rates because they are partners in the NLNG project not third parties This is a very critical issue that I want to discuss with the respective partners to see how we can resolve this issue so that we can increase NLNG production capacity said Sylva The minister who underlined the long standing relations between Nigeria and Italy also requested the cooperation of the Italian government in providing support for night helicopter rescue operations in the country He added that at the moment helicopters cannot fly at night in Nigeria which prevents any rescue operations at night He said For us this is a very important matter We want to develop a 24 hour economy We want a situation where helicopters can fly 24 hours in Nigeria In his response De Leo emphasized the importance of Nigeria in Africa noting that as the most populous country on the continent it would be difficult for anyone to ignore the country on both the political and economic fronts At the moment the EU wants to diversify its energy sources especially gas and Nigeria is very strategic for us We have been friends and partners for a long time and one of the most important in that sense So we need to continue to have a dialogue about how things can be done right In Africa no country is more strategic than Nigeria because of its population economy and political position So we are happy to work with you the ambassador further stated
    FG charges NNPC, others on gas supply to NLNG plants
    General news8 months ago

    FG charges NNPC, others on gas supply to NLNG plants

    The federal government has called on partners in the Nigerian liquefied natural gas (NLNG) project to allow third-party gas transportation through their joint pipelines to increase gas supply to the plant.

    Chief Timipre Sylva, Minister of State Petroleum Resources, made the appeal during an audience with the new Italian Ambassador to Nigeria, Mr. Sefano De Leo, on Monday in Abuja.

    NLNG has been unable to operate at full capacity following the refusal of joint partners Shell, Chevron, NNPC and others to allow third parties to transport gas through their pipelines to NLNG trains.

    This has been causing the inability of the company to meet both national and international gas obligations.

    According to a statement from Media and Communications Advisor Horatius Egua, NLNG is currently only able to produce around 70 percent of installed capacity.

    Sylva said that if NLNG's partners relaxed their rules and allowed third parties to supply gas to NLNG, the company could provide gas to help alleviate the European Union's gas crisis.

    “The problem we have with existing NLNG trains is insufficient gas supply. The partners are running out of gas and refuse to have third parties supply gas to the Trains.

    “The partners insist that they can only allow third parties to supply gas to the plant if they agree to supply at subsidized rates.

    “These people of course want to make money and they can't supply at subsidized rates and that's why NLNG trains can't produce at full capacity.

    “Partners can afford to supply at subsidized rates because they are partners in the NLNG project, not third parties.

    “This is a very critical issue that I want to discuss with the respective partners to see how we can resolve this issue so that we can increase NLNG production capacity,” said Sylva.

    The minister, who underlined the long-standing relations between Nigeria and Italy, also requested the cooperation of the Italian government in providing support for night helicopter rescue operations in the country.

    He added that, at the moment, helicopters cannot fly at night in Nigeria, which prevents any rescue operations at night.

    He said: “For us, this is a very important matter. We want to develop a 24-hour economy. We want a situation where helicopters can fly 24 hours in Nigeria.”

    In his response, De Leo emphasized the importance of Nigeria in Africa, noting that as the most populous country on the continent, it would be difficult for anyone to ignore the country on both the political and economic fronts.

    “At the moment, the EU wants to diversify its energy sources, especially gas, and Nigeria is very strategic for us. We have been friends and partners for a long time and one of the most important in that sense.

    “So we need to continue to have a dialogue about how things can be done right. In Africa, no country is more strategic than Nigeria because of its population, economy and political position.

    "So we are happy to work with you," the ambassador further stated.

  •  In addition to maintaining its position among the top oil and gas producers in Africa in 2022 Nigeria with more than 37 billion barrels of crude oil reserves has the potential to enhance its energy exports to Europe and help address the anticipated shortage of crude oil and natural gas With the European Union planning to ban crude oil imports from Russia by increasing trade with other non Russian economies and the Russian government vowing to cut off gas supplies if Western sanctions continue potential supply disruptions are anticipated to Europe Consequently the West African country is expected to ramp up production in 2022 and retain its position as Africa s largest crude oil producer a development that will allow Nigeria to increase its energy capacity available for exports Nigeria s annual crude oil production is expected to rise to 1 46 million bpd in 2022 following low production levels in 2021 that were fueled by the COVID 19 pandemic This will provide an opportunity for Nigeria to increase its exports to Europe become a global energy hub and make the most of its hydrocarbon resources for economic growth Nigeria relies heavily on its offshore projects to sustain crude oil production and supply with 65 of the country s total production in 2022 forecast to come from such projects However this will change as Nigerian crude oil production is projected to decline from 2023 due to declining production in legacy fields Nigeria will have to wait for deepwater projects to come online to upgrade its production capacity according to the African Energy Chamber AEC Q1 2022 Outlook Nigeria needs to increase crude oil production from existing discoveries that have not yet materialized in order to maintain a secure supply in the future to meet local regional and international demand The lifting of the force majeure at the Brass Terminal Bonny NLNG and Okpai Power Plant comes at the right time We have to continue to be vigilant against vandalism sabotage and theft in the oil fields Close collaboration between government and industry could not be more important now said NJ Ayuk CEO of AEC Meanwhile on the gas front Nigeria s massive production capacity by 2022 will put the country among the top three producers in Africa and a potential supplier to meet demand in Europe Nigeria has an estimated gas reserve of 209 trillion cubic feet and will produce 1 78 trillion cubic feet in 2022 up from 1 45 trillion cubic feet in 2021 Existing production projects and projects currently under development are expected to in Nigeria ensure a resilient supply until 2025 With this portfolio Nigeria has a head start as Europe looks to the West African country as a potential supplier In addition the 4 128 km multi million dollar trans Saharan natural gas pipeline being built by the governments of Nigeria Niger and Algeria will allow the integration of the Trans Mediterranean Maghreb Europe Medgaz and Galsi pipelines for Europe to harness the West and the oil resources and North African gas to meet demand Once completed the pipeline will transport 30 billion cubic meters of natural gas per year and Nigeria as Africa s leading producer can produce a significant part of that capacity Nigeria is rich in oil and gas resources but does not yet have adequate infrastructure such as a working refinery To use its oil and gas resources effectively Nigeria needs to build more infrastructure locally to process its energy In order to build the necessary infrastructure you need the direct involvement of a mix of private and public sector partners said Hendrick Malan CEO of energy market research firm Frost amp Sullivan in an exclusive interview with the AEC In addition Nigeria s current natural gas producing fields are expected to experience a sharp decline as we approach the mid 2020s a worrying development that may reduce the country s production capacity Large companies such as ExxonMobil Shell and TotalEnergies which have been the main oil and gas producers in Nigeria are expected to diversify their portfolios from 2022 and exit the market a move that could negatively affect production and reduce capacity of the West African country expand its energy exports to Europe ExxonMobil has already signed a 1 2 billion deal with local firm Seplat Energy to deliver four oil extraction licenses and natural gas recovery plants Factors such as infrastructure vandalism continued underinvestment in new exploration activities and political instability civil unrest in Nigeria s oil and gas rich regions also continue to affect the country s ability to optimize oil and gas production and increase exports Regulatory reforms and market improvement The recent enactment of the Petroleum Industry Act PIA is a game changer for the Nigerian oil and gas market with regulation expected to increase the entry of large and international investors The PIA is expected to provide clarity to market players on tax investment and licensing issues which have previously slowed project rollout The law will boost investment in upstream oil and gas activities to improve exploration production infrastructure development and the country s energy portfolio Despite the efforts that the Nigerian government has put in place to improve its oil and gas market the country s hydrocarbon energy resources remain untapped Nigeria has been unable to take full advantage of its oil and gas reserves to meet local demand and increase exports Today 50 of the Nigerian population lives in energy poverty The AEC s next annual conference African Energy Week AEW taking place from 18 21 October 2022 in Cape Town will discuss the policy investment and infrastructure requirements for Nigeria to increase its energy production to meet the local demand while expanding its energy exports to Europe With Europe seeking alternative supply chains to reduce reliance on Russian gas Nigeria could provide a significant part of the capacity needed by the bloc The European Commission governments energy companies and financial institutions can help Nigeria with the financing and technical expertise needed to speed up infrastructure development to increase energy production and transportation AEW 2022 will host discussions on future partnerships between Nigeria and Europe in the oil and gas trade The African Organization of Petroleum Producers a consortium of hydrocarbon producing countries will bring together its member countries including Africa s leading oil and gas producers Nigeria Equatorial Guinea and Algeria to participate in AEW 2022 and discuss trends in the continental energy market the opportunities and the role of its member states they can play to ensure global energy security AEW 2022 will host high level panel discussions roundtables presentations and meetings on how Nigeria and APPO member states can improve exports to Europe while tackling energy poverty continentally nbsp
    How Nigeria Can Become A Leading Oil and Gas Supplier To The European Market
     In addition to maintaining its position among the top oil and gas producers in Africa in 2022 Nigeria with more than 37 billion barrels of crude oil reserves has the potential to enhance its energy exports to Europe and help address the anticipated shortage of crude oil and natural gas With the European Union planning to ban crude oil imports from Russia by increasing trade with other non Russian economies and the Russian government vowing to cut off gas supplies if Western sanctions continue potential supply disruptions are anticipated to Europe Consequently the West African country is expected to ramp up production in 2022 and retain its position as Africa s largest crude oil producer a development that will allow Nigeria to increase its energy capacity available for exports Nigeria s annual crude oil production is expected to rise to 1 46 million bpd in 2022 following low production levels in 2021 that were fueled by the COVID 19 pandemic This will provide an opportunity for Nigeria to increase its exports to Europe become a global energy hub and make the most of its hydrocarbon resources for economic growth Nigeria relies heavily on its offshore projects to sustain crude oil production and supply with 65 of the country s total production in 2022 forecast to come from such projects However this will change as Nigerian crude oil production is projected to decline from 2023 due to declining production in legacy fields Nigeria will have to wait for deepwater projects to come online to upgrade its production capacity according to the African Energy Chamber AEC Q1 2022 Outlook Nigeria needs to increase crude oil production from existing discoveries that have not yet materialized in order to maintain a secure supply in the future to meet local regional and international demand The lifting of the force majeure at the Brass Terminal Bonny NLNG and Okpai Power Plant comes at the right time We have to continue to be vigilant against vandalism sabotage and theft in the oil fields Close collaboration between government and industry could not be more important now said NJ Ayuk CEO of AEC Meanwhile on the gas front Nigeria s massive production capacity by 2022 will put the country among the top three producers in Africa and a potential supplier to meet demand in Europe Nigeria has an estimated gas reserve of 209 trillion cubic feet and will produce 1 78 trillion cubic feet in 2022 up from 1 45 trillion cubic feet in 2021 Existing production projects and projects currently under development are expected to in Nigeria ensure a resilient supply until 2025 With this portfolio Nigeria has a head start as Europe looks to the West African country as a potential supplier In addition the 4 128 km multi million dollar trans Saharan natural gas pipeline being built by the governments of Nigeria Niger and Algeria will allow the integration of the Trans Mediterranean Maghreb Europe Medgaz and Galsi pipelines for Europe to harness the West and the oil resources and North African gas to meet demand Once completed the pipeline will transport 30 billion cubic meters of natural gas per year and Nigeria as Africa s leading producer can produce a significant part of that capacity Nigeria is rich in oil and gas resources but does not yet have adequate infrastructure such as a working refinery To use its oil and gas resources effectively Nigeria needs to build more infrastructure locally to process its energy In order to build the necessary infrastructure you need the direct involvement of a mix of private and public sector partners said Hendrick Malan CEO of energy market research firm Frost amp Sullivan in an exclusive interview with the AEC In addition Nigeria s current natural gas producing fields are expected to experience a sharp decline as we approach the mid 2020s a worrying development that may reduce the country s production capacity Large companies such as ExxonMobil Shell and TotalEnergies which have been the main oil and gas producers in Nigeria are expected to diversify their portfolios from 2022 and exit the market a move that could negatively affect production and reduce capacity of the West African country expand its energy exports to Europe ExxonMobil has already signed a 1 2 billion deal with local firm Seplat Energy to deliver four oil extraction licenses and natural gas recovery plants Factors such as infrastructure vandalism continued underinvestment in new exploration activities and political instability civil unrest in Nigeria s oil and gas rich regions also continue to affect the country s ability to optimize oil and gas production and increase exports Regulatory reforms and market improvement The recent enactment of the Petroleum Industry Act PIA is a game changer for the Nigerian oil and gas market with regulation expected to increase the entry of large and international investors The PIA is expected to provide clarity to market players on tax investment and licensing issues which have previously slowed project rollout The law will boost investment in upstream oil and gas activities to improve exploration production infrastructure development and the country s energy portfolio Despite the efforts that the Nigerian government has put in place to improve its oil and gas market the country s hydrocarbon energy resources remain untapped Nigeria has been unable to take full advantage of its oil and gas reserves to meet local demand and increase exports Today 50 of the Nigerian population lives in energy poverty The AEC s next annual conference African Energy Week AEW taking place from 18 21 October 2022 in Cape Town will discuss the policy investment and infrastructure requirements for Nigeria to increase its energy production to meet the local demand while expanding its energy exports to Europe With Europe seeking alternative supply chains to reduce reliance on Russian gas Nigeria could provide a significant part of the capacity needed by the bloc The European Commission governments energy companies and financial institutions can help Nigeria with the financing and technical expertise needed to speed up infrastructure development to increase energy production and transportation AEW 2022 will host discussions on future partnerships between Nigeria and Europe in the oil and gas trade The African Organization of Petroleum Producers a consortium of hydrocarbon producing countries will bring together its member countries including Africa s leading oil and gas producers Nigeria Equatorial Guinea and Algeria to participate in AEW 2022 and discuss trends in the continental energy market the opportunities and the role of its member states they can play to ensure global energy security AEW 2022 will host high level panel discussions roundtables presentations and meetings on how Nigeria and APPO member states can improve exports to Europe while tackling energy poverty continentally nbsp
    How Nigeria Can Become A Leading Oil and Gas Supplier To The European Market
    Africa8 months ago

    How Nigeria Can Become A Leading Oil and Gas Supplier To The European Market

    In addition to maintaining its position among the top oil and gas producers in Africa in 2022, Nigeria, with more than 37 billion barrels of crude oil reserves, has the potential to enhance its energy exports to Europe and help address the anticipated shortage of crude oil and natural gas. With the European Union planning to ban crude oil imports from Russia by increasing trade with other non-Russian economies and the Russian government vowing to cut off gas supplies if Western sanctions continue, potential supply disruptions are anticipated to Europe. Consequently, the West African country is expected to ramp up production in 2022 and retain its position as Africa's largest crude oil producer, a development that will allow Nigeria to increase its energy capacity available for exports.Nigeria's annual crude oil production is expected to rise to 1.46 million bpd in 2022, following low production levels in 2021 that were fueled by the COVID-19 pandemic. This will provide an opportunity for Nigeria to increase its exports to Europe, become a global energy hub and make the most of its hydrocarbon resources for economic growth. Nigeria relies heavily on its offshore projects to sustain crude oil production and supply, with 65% of the country's total production in 2022 forecast to come from such projects. However, this will change as Nigerian crude oil production is projected to decline from 2023 due to declining production in legacy fields. Nigeria will have to wait for deepwater projects to come online to upgrade its production capacity, according to the African Energy Chamber (AEC) Q1 2022 Outlook.“Nigeria needs to increase crude oil production from existing discoveries that have not yet materialized in order to maintain a secure supply in the future to meet local, regional and international demand. The lifting of the force majeure at the Brass Terminal, Bonny NLNG and Okpai Power Plant comes at the right time. We have to continue to be vigilant against vandalism, sabotage and theft in the oil fields. Close collaboration between government and industry could not be more important now,” said NJ Ayuk, CEO of AEC.Meanwhile, on the gas front, Nigeria's massive production capacity by 2022 will put the country among the top three producers in Africa and a potential supplier to meet demand in Europe. Nigeria has an estimated gas reserve of 209 trillion cubic feet and will produce 1.78 trillion cubic feet in 2022, up from 1.45 trillion cubic feet in 2021. Existing production projects and projects currently under development are expected to in Nigeria ensure a resilient supply until 2025. With this portfolio, Nigeria has a head start as Europe looks to the West African country as a potential supplier.In addition, the 4,128 km multi-million dollar trans-Saharan natural gas pipeline being built by the governments of Nigeria, Niger and Algeria will allow the integration of the Trans-Mediterranean, Maghreb-Europe, Medgaz and Galsi pipelines for Europe to harness the West and the oil resources. and North African gas to meet demand. Once completed, the pipeline will transport 30 billion cubic meters of natural gas per year and Nigeria, as Africa's leading producer, can produce a significant part of that capacity.“Nigeria is rich in oil and gas resources, but does not yet have adequate infrastructure such as a working refinery. To use its oil and gas resources effectively, Nigeria needs to build more infrastructure locally to process its energy. In order to build the necessary infrastructure, you need the direct involvement of a mix of private and public sector partners,” said Hendrick Malan, CEO of energy market research firm, Frost & Sullivan, in an exclusive interview with the AEC. .In addition, Nigeria's current natural gas producing fields are expected to experience a sharp decline as we approach the mid-2020s, a worrying development that may reduce the country's production capacity. Large companies such as ExxonMobil, Shell and TotalEnergies, which have been the main oil and gas producers in Nigeria, are expected to diversify their portfolios from 2022 and exit the market, a move that could negatively affect production and reduce capacity. of the West African country. expand its energy exports to Europe. ExxonMobil has already signed a $1.2 billion deal with local firm Seplat Energy to deliver four oil extraction licenses and natural gas recovery plants. Factors such as infrastructure vandalism, continued underinvestment in new exploration activities, and political instability/civil unrest in Nigeria's oil and gas-rich regions also continue to affect the country's ability to optimize oil and gas production. and increase exports.Regulatory reforms and market improvementThe recent enactment of the Petroleum Industry Act (PIA) is a game changer for the Nigerian oil and gas market with regulation expected to increase the entry of large and international investors. The PIA is expected to provide clarity to market players on tax, investment and licensing issues, which have previously slowed project rollout. The law will boost investment in upstream oil and gas activities to improve exploration, production, infrastructure development and the country's energy portfolio.Despite the efforts that the Nigerian government has put in place to improve its oil and gas market, the country's hydrocarbon energy resources remain untapped. Nigeria has been unable to take full advantage of its oil and gas reserves to meet local demand and increase exports. Today, 50% of the Nigerian population lives in energy poverty. The AEC's next annual conference, African Energy Week (AEW), taking place from 18-21 October 2022 in Cape Town, will discuss the policy, investment and infrastructure requirements for Nigeria to increase its energy production to meet the local demand while expanding its energy exports. to Europe.With Europe seeking alternative supply chains to reduce reliance on Russian gas, Nigeria could provide a significant part of the capacity needed by the bloc. The European Commission, governments, energy companies and financial institutions can help Nigeria with the financing and technical expertise needed to speed up infrastructure development to increase energy production and transportation. AEW 2022 will host discussions on future partnerships between Nigeria and Europe in the oil and gas trade.The African Organization of Petroleum Producers, a consortium of hydrocarbon-producing countries, will bring together its member countries, including Africa's leading oil and gas producers, Nigeria, Equatorial Guinea and Algeria, to participate in AEW 2022 and discuss trends in the continental energy market, the opportunities and the role of its member states. they can play to ensure global energy security.AEW 2022 will host high-level panel discussions, roundtables, presentations and meetings on how Nigeria and APPO member states can improve exports to Europe while tackling energy poverty continentally. 

  •   Nigerian National Petroleum Company Limited NNPC Ltd kicked off the week with a move to address the challenges of gas flaring in the country NNPC Group Managing Director Chief Executive Officer GMD CEO Malam Mele Kyari during a panel session at the Nigerian International Energy Summit NIES 2022 just concluded in Abuja said that part of the strategies would be guarantee that any project proposal without clear plans to commercialize or deplete its associated gas would no longer be approved He said gas utilization was a top priority for both the federal government and NNPC as efforts were underway to build infrastructure to replace current fuel and diesel in the country s factories with gas which is a source of energy more clean Kyari commented that the trend was in step with the global reality of the energy transition However he emphasized that Nigeria as a country needed all the hydrocarbons of today to build the energy of tomorrow In his main message the Minister of State for Petroleum Resources Chief Timipre Sylva said that the Ministry of Petroleum Resources was ready to provide the necessary framework and support for a smooth energy transition in the country NNPC GMD CEO Malam Mele KyariAlso speaking at the event a former Minister of State for Petroleum Resources Dr Ibe Kachikwu said that focusing on accelerating oil production refining in the country developing a flow of finance and taking advantage of the Petroleum Industry Act Petroleum PIA were some of the solutions to the current challenges of the industry He advised that gas should be seen as a transition fuel with an estimated useful life of 20 years adding that industry players should start looking at alternative sources of energy such as solar and wind to catch up with the world before 2060 Other panelists including the Managing Directors of Chevron SPDC Exxon Mobil the Deputy Managing Director of Total Energies and the General Manager of NLNG expressed their commitment to the Federal Government s energy transition aspiration while indicating their willingness to partner with NNPC for better business opportunities Speaking at the CEO roundtable session with the sub theme Strategies to meet the energy transition Kyari said that a key strategy to address the energy transition challenge was to increase investment in physical infrastructure development This he said would bring electricity to end users in all parts of the country We know that in this country less than 30 000 to 40 000 megawatts of electricity cannot adequately serve this country The population is growing the middle class is growing in fact their energy requirement is very different rural urban migration is at its peak This means that more and more infrastructure is needed on the ground to close that gap So we need to be much more productive industrial growth needs to be accelerated infrastructure needs to be put in place in the short term to grow the economy to a level where we can generate enough income to close the energy poverty gap We must respond to the issue of electricity in the country Kyari said Meanwhile President Muhammadu Buhari has called on energy industry investors to take advantage of the enabling environment provided by the Power Industry Act PIA to accelerate investment in Nigeria s energy sector Speaking at the opening of the recently concluded NIES 2022 the president said that with the PIA underway there should be no excuse for the country s oil industry players not to deepen their investments especially in the gas sector The president who was representing the State for Petroleum Resources Chief Timipre Sylva pointed out that the world was moving away from fossil fuels Buhari said it would be in the country s interest to speed up its exploitation of fossil fuels and make good use of the resources for the betterment of the country rather than abandoning the huge oil and gas reserves He recognized the demands of the energy transition and assured that the country is prepared to face the challenges Speaking in his capacity as Minister of State for Petroleum Resources Sylva said the world should support a push to develop African natural gas production describing it as green energy to boost electricity generation Boss Timipre SylvaSylva explained that for countries like Nigeria which was rich in natural resources but still poor in energy the transition should not come at the expense of affordable and reliable energy for people cities and industry For his part NNPC CEO Kyari said the company will continue to develop Nigeria s gas resources despite the departure of International Oil Companies IOC from the country due to the global push for energy transition and carbon target net zero On the energy transition Kyari said that the NNPC would work with its partners to facilitate the process in Nigeria regardless of the massive drop in investment in fossil fuel projects amid the departure of IOCs from Nigeria The head of NNPC stated that Nigeria and most sub Saharan African countries were energy deficient He said that the world had recognized the place of gas as a transition fuel and stressed that it would not be possible for gas to play that role unless there were investments in the gas sector to produce it process it and make it available to users It reported that funding for fossil fuel projects had dropped by a percentage compared to what it was about 10 years ago Also the secretary general of the Organization of Petroleum Exporting Countries OPEC Dr Sanusi Barkindo and other African energy ministers present at the summit defended investments in fossil fuels They insisted that the global push for the energy transition to net zero carbon emissions was not in favor of Africa They argued that Africa accounted for less than three percent of global carbon emissions while some 600 million Africans had no access to electricity and stressed that stopping fossil fuel investments in Africa would be counterproductive Still in the week under review NNPC Ltd signed a multi million dollar Gas Sales Agreement GSA with its partners The partners are Shell Petroleum Development Company SPDC Total Energies ENI and Gas Aggregation Company of Nigeria GACN The goal is to deliver 70 million standard cubic feet mscf of gas to Dangote Fertilizer Limited for fertilizer production and support the Federal Government s aspiration to boost agricultural development in Nigeria Speaking at the signing ceremony in Abuja NNPC CEO GMD Malam Mele Kyari said the milestone of delivering such a huge volume of gas to Dangote Fertilizer Plant Train 2 was part of the company s push to ensure a increased use of gas in the country He stressed that the initiative would boost the supply of gas to the domestic market in line with the Federal Government s plan to transform Nigeria into a self sufficient nation in fertilizer production Signing of gas supply agreement between NNPC Dangote Shell and other partnersIn his remarks the President CEO of Dangote Group Mr Aliko Dangote said that the execution of the gas sale agreement would not only help meet the supply of fertilizers in the domestic market but also attract around 1 8 billion foreign currency to the country He praised NNPC GMD for its visionary leadership that led to the project upgrade noting that with GSA Nigeria would soon become the world s seventh largest fertilizer producer and second in Africa behind Egypt For his part the President of Shell Companies in Nigeria Managing Director of Shell Petroleum Development Company SPDC Nigeria Mr Osagie Okunbor thanked the effort of NNPC GMD and other partners and described it as the fastest executed GSA in the recent history Also in the week the Minister of State for Petroleum Resources Timipre Sylva expressed his satisfaction with all the measures implemented so far the Midstream and Downstream Petroleum Regulatory Authority NMDPRA and the NNPC were limited to reducing the current interruption of the fuel supply in the country an end Saying this when briefed by NNPC Limited GMD CEO Malam Mele Kyari and Authority Executive Director Mr Farouk Ahmed on the various measures put in place to end the PMS shortage Sylva praised the CEOs of the two agencies and she expressed her confidence in his ability to control the situation Describing the situation as an accident the Minister pledged his support to the NNPC and the Authority while appealing to consumers to be patient as they were all working to end the supply disruption Meanwhile Chairman of the Board of Directors NNPC Limited Senator Margery Chuba Okadigbo expressed confidence in the ability of the current NNPC management to take the company to greater heights Speaking on the sidelines of the recently concluded NIES 2022 Senator Okadigbo said that PIA had placed NNPC in a position of global competitiveness adding that Kyari the GMD CEO has demonstrated the ability to transform the company into a world class energy company world Visit us at for more details
    NNPC Weekly: Gas flaring to end soon as company introduces new approval method
      Nigerian National Petroleum Company Limited NNPC Ltd kicked off the week with a move to address the challenges of gas flaring in the country NNPC Group Managing Director Chief Executive Officer GMD CEO Malam Mele Kyari during a panel session at the Nigerian International Energy Summit NIES 2022 just concluded in Abuja said that part of the strategies would be guarantee that any project proposal without clear plans to commercialize or deplete its associated gas would no longer be approved He said gas utilization was a top priority for both the federal government and NNPC as efforts were underway to build infrastructure to replace current fuel and diesel in the country s factories with gas which is a source of energy more clean Kyari commented that the trend was in step with the global reality of the energy transition However he emphasized that Nigeria as a country needed all the hydrocarbons of today to build the energy of tomorrow In his main message the Minister of State for Petroleum Resources Chief Timipre Sylva said that the Ministry of Petroleum Resources was ready to provide the necessary framework and support for a smooth energy transition in the country NNPC GMD CEO Malam Mele KyariAlso speaking at the event a former Minister of State for Petroleum Resources Dr Ibe Kachikwu said that focusing on accelerating oil production refining in the country developing a flow of finance and taking advantage of the Petroleum Industry Act Petroleum PIA were some of the solutions to the current challenges of the industry He advised that gas should be seen as a transition fuel with an estimated useful life of 20 years adding that industry players should start looking at alternative sources of energy such as solar and wind to catch up with the world before 2060 Other panelists including the Managing Directors of Chevron SPDC Exxon Mobil the Deputy Managing Director of Total Energies and the General Manager of NLNG expressed their commitment to the Federal Government s energy transition aspiration while indicating their willingness to partner with NNPC for better business opportunities Speaking at the CEO roundtable session with the sub theme Strategies to meet the energy transition Kyari said that a key strategy to address the energy transition challenge was to increase investment in physical infrastructure development This he said would bring electricity to end users in all parts of the country We know that in this country less than 30 000 to 40 000 megawatts of electricity cannot adequately serve this country The population is growing the middle class is growing in fact their energy requirement is very different rural urban migration is at its peak This means that more and more infrastructure is needed on the ground to close that gap So we need to be much more productive industrial growth needs to be accelerated infrastructure needs to be put in place in the short term to grow the economy to a level where we can generate enough income to close the energy poverty gap We must respond to the issue of electricity in the country Kyari said Meanwhile President Muhammadu Buhari has called on energy industry investors to take advantage of the enabling environment provided by the Power Industry Act PIA to accelerate investment in Nigeria s energy sector Speaking at the opening of the recently concluded NIES 2022 the president said that with the PIA underway there should be no excuse for the country s oil industry players not to deepen their investments especially in the gas sector The president who was representing the State for Petroleum Resources Chief Timipre Sylva pointed out that the world was moving away from fossil fuels Buhari said it would be in the country s interest to speed up its exploitation of fossil fuels and make good use of the resources for the betterment of the country rather than abandoning the huge oil and gas reserves He recognized the demands of the energy transition and assured that the country is prepared to face the challenges Speaking in his capacity as Minister of State for Petroleum Resources Sylva said the world should support a push to develop African natural gas production describing it as green energy to boost electricity generation Boss Timipre SylvaSylva explained that for countries like Nigeria which was rich in natural resources but still poor in energy the transition should not come at the expense of affordable and reliable energy for people cities and industry For his part NNPC CEO Kyari said the company will continue to develop Nigeria s gas resources despite the departure of International Oil Companies IOC from the country due to the global push for energy transition and carbon target net zero On the energy transition Kyari said that the NNPC would work with its partners to facilitate the process in Nigeria regardless of the massive drop in investment in fossil fuel projects amid the departure of IOCs from Nigeria The head of NNPC stated that Nigeria and most sub Saharan African countries were energy deficient He said that the world had recognized the place of gas as a transition fuel and stressed that it would not be possible for gas to play that role unless there were investments in the gas sector to produce it process it and make it available to users It reported that funding for fossil fuel projects had dropped by a percentage compared to what it was about 10 years ago Also the secretary general of the Organization of Petroleum Exporting Countries OPEC Dr Sanusi Barkindo and other African energy ministers present at the summit defended investments in fossil fuels They insisted that the global push for the energy transition to net zero carbon emissions was not in favor of Africa They argued that Africa accounted for less than three percent of global carbon emissions while some 600 million Africans had no access to electricity and stressed that stopping fossil fuel investments in Africa would be counterproductive Still in the week under review NNPC Ltd signed a multi million dollar Gas Sales Agreement GSA with its partners The partners are Shell Petroleum Development Company SPDC Total Energies ENI and Gas Aggregation Company of Nigeria GACN The goal is to deliver 70 million standard cubic feet mscf of gas to Dangote Fertilizer Limited for fertilizer production and support the Federal Government s aspiration to boost agricultural development in Nigeria Speaking at the signing ceremony in Abuja NNPC CEO GMD Malam Mele Kyari said the milestone of delivering such a huge volume of gas to Dangote Fertilizer Plant Train 2 was part of the company s push to ensure a increased use of gas in the country He stressed that the initiative would boost the supply of gas to the domestic market in line with the Federal Government s plan to transform Nigeria into a self sufficient nation in fertilizer production Signing of gas supply agreement between NNPC Dangote Shell and other partnersIn his remarks the President CEO of Dangote Group Mr Aliko Dangote said that the execution of the gas sale agreement would not only help meet the supply of fertilizers in the domestic market but also attract around 1 8 billion foreign currency to the country He praised NNPC GMD for its visionary leadership that led to the project upgrade noting that with GSA Nigeria would soon become the world s seventh largest fertilizer producer and second in Africa behind Egypt For his part the President of Shell Companies in Nigeria Managing Director of Shell Petroleum Development Company SPDC Nigeria Mr Osagie Okunbor thanked the effort of NNPC GMD and other partners and described it as the fastest executed GSA in the recent history Also in the week the Minister of State for Petroleum Resources Timipre Sylva expressed his satisfaction with all the measures implemented so far the Midstream and Downstream Petroleum Regulatory Authority NMDPRA and the NNPC were limited to reducing the current interruption of the fuel supply in the country an end Saying this when briefed by NNPC Limited GMD CEO Malam Mele Kyari and Authority Executive Director Mr Farouk Ahmed on the various measures put in place to end the PMS shortage Sylva praised the CEOs of the two agencies and she expressed her confidence in his ability to control the situation Describing the situation as an accident the Minister pledged his support to the NNPC and the Authority while appealing to consumers to be patient as they were all working to end the supply disruption Meanwhile Chairman of the Board of Directors NNPC Limited Senator Margery Chuba Okadigbo expressed confidence in the ability of the current NNPC management to take the company to greater heights Speaking on the sidelines of the recently concluded NIES 2022 Senator Okadigbo said that PIA had placed NNPC in a position of global competitiveness adding that Kyari the GMD CEO has demonstrated the ability to transform the company into a world class energy company world Visit us at for more details
    NNPC Weekly: Gas flaring to end soon as company introduces new approval method
    General news9 months ago

    NNPC Weekly: Gas flaring to end soon as company introduces new approval method

    Nigerian National Petroleum Company Limited (NNPC Ltd.) kicked off the week with a move to address the challenges of gas flaring in the country.

    NNPC Group Managing Director/Chief Executive Officer (GMD/CEO), Malam Mele Kyari, during a panel session at the Nigerian International Energy Summit (NIES 2022) just concluded in Abuja, said that part of the strategies would be guarantee that any project proposal without clear plans to commercialize or deplete its associated gas would no longer be approved.

    He said gas utilization was a top priority for both the federal government and NNPC as efforts were underway to build infrastructure to replace current fuel and diesel in the country's factories with gas, which is a source of energy. more clean.

    Kyari commented that the trend was in step with the global reality of the energy transition.

    However, he emphasized that Nigeria as a country needed all the hydrocarbons of today to build the energy of tomorrow.

    In his main message, the Minister of State for Petroleum Resources, Chief Timipre Sylva, said that the Ministry of Petroleum Resources was ready to provide the necessary framework and support for a smooth energy transition in the country.

    NNPC GMD/CEO, Malam Mele Kyari

    Also speaking at the event, a former Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, said that focusing on accelerating oil production, refining in the country, developing a flow of finance and taking advantage of the Petroleum Industry Act Petroleum (PIA) were some of the solutions. to the current challenges of the industry.

    He advised that gas should be seen as a transition fuel with an estimated useful life of 20 years, adding that industry players should start looking at alternative sources of energy, such as solar and wind, to catch up with the world before 2060.

    Other panelists, including the Managing Directors of Chevron, SPDC, Exxon Mobil, the Deputy Managing Director of Total Energies, and the General Manager of NLNG, expressed their commitment to the Federal Government's energy transition aspiration, while indicating their willingness to partner. with NNPC for better business opportunities.

    Speaking at the CEO roundtable session with the sub-theme: “Strategies to meet the energy transition”, Kyari said that a key strategy to address the energy transition challenge was to increase investment in physical infrastructure development.

    This, he said, would bring electricity to end users in all parts of the country.

    “We know that in this country, less than 30,000 to 40,000 megawatts of electricity cannot adequately serve this country.

    “The population is growing, the middle class is growing, in fact, their energy requirement is very different; rural-urban migration is at its peak.

    “This means that more and more infrastructure is needed on the ground to close that gap.

    “So we need to be much more productive, industrial growth needs to be accelerated, infrastructure needs to be put in place in the short term to grow the economy to a level where we can generate enough income to close the energy poverty gap.

    "We must respond to the issue of electricity in the country," Kyari said.

    Meanwhile, President Muhammadu Buhari has called on energy industry investors to take advantage of the enabling environment provided by the Power Industry Act (PIA) to accelerate investment in Nigeria's energy sector.

    Speaking at the opening of the recently concluded NIES 2022, the president said that with the PIA underway, there should be no excuse for the country's oil industry players not to deepen their investments, especially in the gas sector.

    The president, who was representing the State for Petroleum Resources, Chief Timipre Sylva, pointed out that the world was moving away from fossil fuels.

    Buhari said it would be in the country's interest to speed up its exploitation of fossil fuels and make good use of the resources for the betterment of the country rather than abandoning the huge oil and gas reserves.

    He recognized the demands of the energy transition and assured that the country is prepared to face the challenges.

    Speaking in his capacity as Minister of State for Petroleum Resources, Sylva said the world should support a push to develop African natural gas production, describing it as green energy to boost electricity generation.

    Boss Timipre Sylva

    Sylva explained that for countries like Nigeria, which was rich in natural resources but still poor in energy, the transition should not come at the expense of affordable and reliable energy for people, cities and industry.

    For his part, NNPC CEO Kyari said the company will continue to develop Nigeria's gas resources despite the departure of International Oil Companies (IOC) from the country due to the global push for energy transition and carbon target. net zero.

    On the energy transition, Kyari said that the NNPC would work with its partners to facilitate the process in Nigeria, regardless of the massive drop in investment in fossil fuel projects amid the departure of IOCs from Nigeria.

    The head of NNPC stated that Nigeria and most sub-Saharan African countries were energy deficient.

    He said that the world had recognized the place of gas as a transition fuel, and stressed that it would not be possible for gas to play that role unless there were investments in the gas sector to produce it, process it and make it available to users.

    It reported that funding for fossil fuel projects had dropped by a percentage compared to what it was about 10 years ago.

    Also, the secretary general of the Organization of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, and other African energy ministers present at the summit defended investments in fossil fuels.

    They insisted that the global push for the energy transition to net zero carbon emissions was not in favor of Africa.

    They argued that Africa accounted for less than three percent of global carbon emissions, while some 600 million Africans had no access to electricity, and stressed that stopping fossil fuel investments in Africa would be counterproductive.

    Still in the week under review, NNPC Ltd. signed a multi-million dollar Gas Sales Agreement (GSA) with its partners.

    The partners are Shell Petroleum Development Company (SPDC), Total Energies, ENI and Gas Aggregation Company of Nigeria (GACN).

    The goal is to deliver 70 million standard cubic feet (mscf) of gas to Dangote Fertilizer Limited for fertilizer production and support the Federal Government's aspiration to boost agricultural development in Nigeria.

    Speaking at the signing ceremony in Abuja, NNPC CEO/GMD Malam Mele Kyari said the milestone of delivering such a huge volume of gas to Dangote Fertilizer Plant Train 2 was part of the company's push to ensure a increased use of gas in the country.

    He stressed that the initiative would boost the supply of gas to the domestic market in line with the Federal Government's plan to transform Nigeria into a self-sufficient nation in fertilizer production.

    Signing of gas supply agreement between NNPC, Dangote, Shell and other partners

    In his remarks, the President/CEO of Dangote Group, Mr. Aliko Dangote, said that the execution of the gas sale agreement would not only help meet the supply of fertilizers in the domestic market, but also attract around $ 1.8 billion foreign currency to the country.

    He praised NNPC GMD for its visionary leadership that led to the project upgrade, noting that with GSA, Nigeria would soon become the world's seventh largest fertilizer producer and second in Africa behind Egypt.

    For his part, the President of Shell Companies in Nigeria/Managing Director of Shell Petroleum Development Company (SPDC) Nigeria, Mr. Osagie Okunbor, thanked the effort of NNPC GMD and other partners and described it as the fastest executed GSA in the recent history.

    Also in the week, the Minister of State for Petroleum Resources, Timipre Sylva, expressed his satisfaction with all the measures implemented so far, the Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the NNPC were limited to reducing the current interruption of the fuel supply in the country. an end.

    Saying this when briefed by NNPC Limited GMD/CEO Malam Mele Kyari and Authority Executive Director Mr. Farouk Ahmed on the various measures put in place to end the PMS shortage, Sylva praised the CEOs of the two agencies. and she expressed her confidence in his ability to control the situation.

    Describing the situation as an accident, the Minister pledged his support to the NNPC and the Authority while appealing to consumers to be patient as they were all working to end the supply disruption.

    Meanwhile, Chairman of the Board of Directors, NNPC Limited Senator Margery Chuba Okadigbo expressed confidence in the ability of the current NNPC management to take the company to greater heights.

    Speaking on the sidelines of the recently concluded NIES 2022, Senator Okadigbo said that PIA had placed NNPC in a position of global competitiveness, adding that Kyari, the GMD/CEO has demonstrated the ability to transform the company into a world-class energy company. world. .

    Visit us at for more details.

  •  The federal government has praised Nigeria Liquefied Natural Gas NLNG Limited for suspending the export of cooking gas while approving 100 percent of the product s domestic supply The Nigerian News Agency reports that on January 14 NLNG said the move is designed to increase the availability of LPG in Nigeria diversify its use and support the federal government s Decade of Gas initiative The Minister of State for the Environment Chief Sharon Ikeazor delivered the eulogy in a statement issued by the Saghir el Mohammed Press Director Ikeazor said such a bold move was a welcome development and a step in the right direction that will not only reduce the price of the raw material but also bring relief to our forests and ecosystems The minister recalled that shortly after the increase in cooking gas prices in the country millions of Nigerians could no longer afford the product and consequently turned to firewood and charcoal as alternatives While lamenting that clearing forests for firewood and charcoal has been one of the main causes of deforestation and other climate change challenges the Minister lamented that smoke from wood and charcoal contributes to air pollution and other pollutants that produce greenhouse gases NLNG is to be commended for its sensitivity and responsiveness to the plight of Nigerians For us in the environmental sector this unique decision will not only help restore our forests and address some of our climate challenges it will also facilitate the achievement of our Nationally Determined Contribution NDC and other aspects of the Paris Agreement We in the environmental sector strongly support and believe that available and affordable being the cleanest of fossil fuels Nigeria is now determined to drastically reduce its carbon emissions thus it will play a leading role during the current period of energy transition it also reports that NLNG is currently the largest single supplier of LPG in the domestic market with an estimated supply of 400 000 metric tons in 2021 The milestone comes just three months after the company supplied its first shipment of propane to the domestic market and has developed a scheme to sustainably supply propane for use in gas blending for cooking as well as in the agri food autogas energy and petrochemicals in the country Nigerian economy to further deepen the utilization of gas in Nigeria Source NAN
    FG lauds NLNG Ltd for suspending exportation of cooking gas.
     The federal government has praised Nigeria Liquefied Natural Gas NLNG Limited for suspending the export of cooking gas while approving 100 percent of the product s domestic supply The Nigerian News Agency reports that on January 14 NLNG said the move is designed to increase the availability of LPG in Nigeria diversify its use and support the federal government s Decade of Gas initiative The Minister of State for the Environment Chief Sharon Ikeazor delivered the eulogy in a statement issued by the Saghir el Mohammed Press Director Ikeazor said such a bold move was a welcome development and a step in the right direction that will not only reduce the price of the raw material but also bring relief to our forests and ecosystems The minister recalled that shortly after the increase in cooking gas prices in the country millions of Nigerians could no longer afford the product and consequently turned to firewood and charcoal as alternatives While lamenting that clearing forests for firewood and charcoal has been one of the main causes of deforestation and other climate change challenges the Minister lamented that smoke from wood and charcoal contributes to air pollution and other pollutants that produce greenhouse gases NLNG is to be commended for its sensitivity and responsiveness to the plight of Nigerians For us in the environmental sector this unique decision will not only help restore our forests and address some of our climate challenges it will also facilitate the achievement of our Nationally Determined Contribution NDC and other aspects of the Paris Agreement We in the environmental sector strongly support and believe that available and affordable being the cleanest of fossil fuels Nigeria is now determined to drastically reduce its carbon emissions thus it will play a leading role during the current period of energy transition it also reports that NLNG is currently the largest single supplier of LPG in the domestic market with an estimated supply of 400 000 metric tons in 2021 The milestone comes just three months after the company supplied its first shipment of propane to the domestic market and has developed a scheme to sustainably supply propane for use in gas blending for cooking as well as in the agri food autogas energy and petrochemicals in the country Nigerian economy to further deepen the utilization of gas in Nigeria Source NAN
    FG lauds NLNG Ltd for suspending exportation of cooking gas.
    Environment10 months ago

    FG lauds NLNG Ltd for suspending exportation of cooking gas.

    The federal government has praised Nigeria Liquefied Natural Gas (NLNG) Limited for suspending the export of cooking gas while approving 100 percent of the product's domestic supply.

    The Nigerian News Agency reports that on January 14, NLNG said the move is designed to increase the availability of LPG in Nigeria, diversify its use and support the federal government's Decade of Gas initiative.

    The Minister of State for the Environment, Chief Sharon Ikeazor, delivered the eulogy in a statement issued by the Saghir el Mohammed Press Director.

    Ikeazor said such a bold move was a welcome development and a step in the right direction that will not only reduce the price of the raw material but also bring relief to our forests and ecosystems.

    The minister recalled that shortly after the increase in cooking gas prices in the country, millions of Nigerians could no longer afford the product and consequently turned to firewood and charcoal as alternatives.

    While lamenting that clearing forests for firewood and charcoal has been one of the main causes of deforestation and other climate change challenges, the Minister lamented that smoke from wood and charcoal contributes to air pollution and other pollutants. that produce greenhouse gases.

    “NLNG is to be commended for its sensitivity and responsiveness to the plight of Nigerians.

    “For us in the environmental sector, this unique decision will not only help restore our forests and address some of our climate challenges, it will also facilitate the achievement of our Nationally Determined Contribution (NDC) and other aspects of the Paris Agreement.

    “We in the environmental sector strongly support and believe that available and affordable, being the cleanest of fossil fuels, Nigeria is now determined to drastically reduce its carbon emissions, thus it will play a leading role during the current period of energy transition. ”.

    it also reports that NLNG is currently the largest single supplier of LPG in the domestic market, with an estimated supply of 400,000 metric tons in 2021.

    The milestone comes just three months after the company supplied its first shipment of propane to the domestic market and has developed a scheme to sustainably supply propane for use in gas blending for cooking, as well as in the agri-food, autogas, energy and petrochemicals in the country. Nigerian economy to further deepen the utilization of gas in Nigeria.

    Source: NAN

  •   The board of directors of Nigeria LNG Limited NLNG has approved the supply of 100 percent of the company s liquefied petroleum gas LPG production propane and butane to the Nigerian market NLNG is currently the largest single supplier of LPG in the domestic market with an estimated 400 000 metric tons MT supplied in 2021 In a statement Thursday NLNG said the development will collapse the price of cooking gas which has been rising since March 2021 The statement quoted the company s Managing Director CEO Dr Philip Mshelbila as expressing a strong commitment to the continued growth of the domestic LPG market and his passion for increasing the utilization of one of the world s most versatile energy sources He said Committing 100 of our LPG supply is an important milestone in our domestic gas supply journey We supplied our first cargo of butane LPG to the domestic market in 2007 which helped develop the Nigerian LPG industry over the years from less than 50 000 tonnes to over a million tonnes in market size annual by the end of 2020 According to him in 2021 the company increased the LPG supply commitment from 350 000 MT or 28 m of 12 5 kg cylinders to the actual delivery of 400 000 MT or 32 m of 12 5 kg cylinders thus directing the largest part of our production to the national market But this was not enough for NLNG hence this commitment to do everything possible and supply 100 of our LPG production to the domestic market Mshelbila added
    Price of cooking gas to crash as NLNG begins supply to domestic market
      The board of directors of Nigeria LNG Limited NLNG has approved the supply of 100 percent of the company s liquefied petroleum gas LPG production propane and butane to the Nigerian market NLNG is currently the largest single supplier of LPG in the domestic market with an estimated 400 000 metric tons MT supplied in 2021 In a statement Thursday NLNG said the development will collapse the price of cooking gas which has been rising since March 2021 The statement quoted the company s Managing Director CEO Dr Philip Mshelbila as expressing a strong commitment to the continued growth of the domestic LPG market and his passion for increasing the utilization of one of the world s most versatile energy sources He said Committing 100 of our LPG supply is an important milestone in our domestic gas supply journey We supplied our first cargo of butane LPG to the domestic market in 2007 which helped develop the Nigerian LPG industry over the years from less than 50 000 tonnes to over a million tonnes in market size annual by the end of 2020 According to him in 2021 the company increased the LPG supply commitment from 350 000 MT or 28 m of 12 5 kg cylinders to the actual delivery of 400 000 MT or 32 m of 12 5 kg cylinders thus directing the largest part of our production to the national market But this was not enough for NLNG hence this commitment to do everything possible and supply 100 of our LPG production to the domestic market Mshelbila added
    Price of cooking gas to crash as NLNG begins supply to domestic market
    Headlines11 months ago

    Price of cooking gas to crash as NLNG begins supply to domestic market

    The board of directors of Nigeria LNG Limited, NLNG, has approved the supply of 100 percent of the company's liquefied petroleum gas (LPG) production (propane and butane) to the Nigerian market.

    NLNG is currently the largest single supplier of LPG in the domestic market, with an estimated 400,000 metric tons, MT, supplied in 2021.

    In a statement Thursday, NLNG said the development will collapse the price of cooking gas, which has been rising since March 2021.

    The statement quoted the company's Managing Director/CEO, Dr. Philip Mshelbila, as expressing a strong commitment to the continued growth of the domestic LPG market and his passion for increasing the utilization of one of the world's most versatile energy sources.

    He said: “Committing 100% of our LPG supply is an important milestone in our domestic gas supply journey.

    "We supplied our first cargo of butane (LPG) to the domestic market in 2007, which helped develop the Nigerian LPG industry over the years from less than 50,000 tonnes to over a million tonnes in market size. annual by the end of 2020".

    According to him, in 2021, the company increased the LPG supply commitment from 350,000 MT or 28 m of 12.5 kg cylinders to the actual delivery of 400,000 MT or 32 m of 12.5 kg cylinders, thus directing the largest part of our production to the national market.

    “But this was not enough for NLNG, hence this commitment to do everything possible and supply 100% of our LPG production to the domestic market,” Mshelbila added.

  •   The Federal Government has yet to implement the payment of Value Added Tax VAT on imported Liquefied Petroleum Gas LPG reports the Nigerian News Agency LPG also known as cooking gas traders confirmed the development to NAN on Monday in Lagos as it reacted to the drop in the price of the product across the country The government had published in 2019 the elimination of VAT on LPG to increase its national use However in July 2021 marketers were notified about the reintroduction of VAT on the product when the government moved to shore up their sources of income Bassey Essien Executive Secretary of the Nigerian Association of Liquefied Petroleum Gas Traders NALPGAM urged the government to urgently clarify its position on the issue The announcement that the government was reintroducing VAT on imported LPG generated panic in the market that led to the spike we experienced in cooking gas prices in 2021 Some traders stopped importing and don t forget that around 60 percent of the LPG consumed in Nigeria is imported The NLNG only supplies around 450 000 MT and our LPG consumption exceeds one million metric tons so the imposition of VAT on imported LPG affected the market However the government has not yet started collecting VAT despite the announcement that has encouraged more traders to restart importing He said the shock currently felt as if cooking gas prices had dropped from about N10 000 and N10 500 for a 12 5 kg gas cylinder to about N7 400 and N9000 across the country According to Mr Essien the supply has increased and as it continues prices will continue to fall but it is still a long way from where we came from In January 2021 a 20 metric ton truck cost around 4 million naira but is currently around 9 7 million naira We have to look at all the factors that drove prices including the demand for LPG in the international market and find a way to tame the supply of LPG to ensure price stability In addition Michael Umudu National President Liquefied Petroleum Gas Retailers LPGAR branch of the National Union of Petroleum and Natural Gas Workers NUPENG said that the drop in cooking gas prices was a positive development Mr Umudu said We as retailers suffered a lot because many of our customers switched to charcoal and firewood because they could no longer afford to buy gas Now the supply is increasing and we hope that if it continues there will be a further reduction in the price of cooking gas We learned that the government has not implemented the VAT policy but the pressure that the pronouncement brought to the industry led to the rise in the price of LPG We want the government to openly say that they have eliminated VAT on imported LPG so that there is stability He stressed the need for the government to encourage more Nigerians to adopt gas because of the health benefits it brings to the nation The government has announced many policies aimed at deepening gas use such as the Decade for Gas Development initiative and the National Gas Expansion Program However these programs must be viable and not just on paper There needs to be infrastructure on the ground to support its implementation Umudu added YAYA
    Nigerian govt yet to implement VAT on imported LPG — Marketers
      The Federal Government has yet to implement the payment of Value Added Tax VAT on imported Liquefied Petroleum Gas LPG reports the Nigerian News Agency LPG also known as cooking gas traders confirmed the development to NAN on Monday in Lagos as it reacted to the drop in the price of the product across the country The government had published in 2019 the elimination of VAT on LPG to increase its national use However in July 2021 marketers were notified about the reintroduction of VAT on the product when the government moved to shore up their sources of income Bassey Essien Executive Secretary of the Nigerian Association of Liquefied Petroleum Gas Traders NALPGAM urged the government to urgently clarify its position on the issue The announcement that the government was reintroducing VAT on imported LPG generated panic in the market that led to the spike we experienced in cooking gas prices in 2021 Some traders stopped importing and don t forget that around 60 percent of the LPG consumed in Nigeria is imported The NLNG only supplies around 450 000 MT and our LPG consumption exceeds one million metric tons so the imposition of VAT on imported LPG affected the market However the government has not yet started collecting VAT despite the announcement that has encouraged more traders to restart importing He said the shock currently felt as if cooking gas prices had dropped from about N10 000 and N10 500 for a 12 5 kg gas cylinder to about N7 400 and N9000 across the country According to Mr Essien the supply has increased and as it continues prices will continue to fall but it is still a long way from where we came from In January 2021 a 20 metric ton truck cost around 4 million naira but is currently around 9 7 million naira We have to look at all the factors that drove prices including the demand for LPG in the international market and find a way to tame the supply of LPG to ensure price stability In addition Michael Umudu National President Liquefied Petroleum Gas Retailers LPGAR branch of the National Union of Petroleum and Natural Gas Workers NUPENG said that the drop in cooking gas prices was a positive development Mr Umudu said We as retailers suffered a lot because many of our customers switched to charcoal and firewood because they could no longer afford to buy gas Now the supply is increasing and we hope that if it continues there will be a further reduction in the price of cooking gas We learned that the government has not implemented the VAT policy but the pressure that the pronouncement brought to the industry led to the rise in the price of LPG We want the government to openly say that they have eliminated VAT on imported LPG so that there is stability He stressed the need for the government to encourage more Nigerians to adopt gas because of the health benefits it brings to the nation The government has announced many policies aimed at deepening gas use such as the Decade for Gas Development initiative and the National Gas Expansion Program However these programs must be viable and not just on paper There needs to be infrastructure on the ground to support its implementation Umudu added YAYA
    Nigerian govt yet to implement VAT on imported LPG — Marketers
    Headlines11 months ago

    Nigerian govt yet to implement VAT on imported LPG — Marketers

    The Federal Government has yet to implement the payment of Value Added Tax, VAT, on imported Liquefied Petroleum Gas (LPG), reports the Nigerian News Agency.

    LPG, also known as cooking gas traders, confirmed the development to NAN on Monday in Lagos as it reacted to the drop in the price of the product across the country.

    The government had published in 2019 the elimination of VAT on LPG to increase its national use.

    However, in July 2021, marketers were notified about the reintroduction of VAT on the product when the government moved to shore up their sources of income.

    Bassey Essien, Executive Secretary of the Nigerian Association of Liquefied Petroleum Gas Traders, NALPGAM, urged the government to urgently clarify its position on the issue.

    “The announcement that the government was reintroducing VAT on imported LPG generated panic in the market that led to the spike we experienced in cooking gas prices in 2021.

    “Some traders stopped importing and don't forget that around 60 percent of the LPG consumed in Nigeria is imported.

    “The NLNG only supplies around 450,000 MT and our LPG consumption exceeds one million metric tons, so the imposition of VAT on imported LPG affected the market.

    "However, the government has not yet started collecting VAT despite the announcement that has encouraged more traders to restart importing."

    He said the shock currently felt as if cooking gas prices had dropped from about N10,000 and N10,500 for a 12.5 kg gas cylinder to about N7,400 and N9000 across the country.

    According to Mr. Essien, the supply has increased and as it continues prices will continue to fall, but it is still a long way from where we came from.

    “In January 2021, a 20 metric ton truck cost around 4 million naira, but is currently around 9.7 million naira.

    "We have to look at all the factors that drove prices, including the demand for LPG in the international market, and find a way to tame the supply of LPG to ensure price stability."

    In addition, Michael Umudu, National President, Liquefied Petroleum Gas Retailers (LPGAR), branch of the National Union of Petroleum and Natural Gas Workers (NUPENG), said that the drop in cooking gas prices was a positive development.

    Mr Umudu said: “We as retailers suffered a lot because many of our customers switched to charcoal and firewood because they could no longer afford to buy gas.

    “Now, the supply is increasing and we hope that if it continues, there will be a further reduction in the price of cooking gas.

    “We learned that the government has not implemented the VAT policy but the pressure that the pronouncement brought to the industry led to the rise in the price of LPG.

    "We want the government to openly say that they have eliminated VAT on imported LPG so that there is stability."

    He stressed the need for the government to encourage more Nigerians to adopt gas because of the health benefits it brings to the nation.

    “The government has announced many policies aimed at deepening gas use, such as the Decade for Gas Development initiative and the National Gas Expansion Program.

    “However, these programs must be viable and not just on paper. There needs to be infrastructure on the ground to support its implementation, '' Umudu added.

    YAYA

  •   Timipre Sylva Minister of State for Petroleum Resources says Nigeria has the ability to become the world s largest producer of petrochemicals This according to him is possible with the implementation of the Gas Development Decade initiative Sylva spoke on Tuesday at the Virtual Nigerian Gas Association NGA the 2021 Business Forum and the Annual General Meeting The topic of the forum was Petroleum Industry Law PIA Progress and Opportunities in the Gas Decade Mr Sylva represented by his Technical Advisor on Business and Implementation of Gas Policies Judge Derefaka said Nigeria had 206 53 tcf of proven gas reserves as of January 1 2021 He said that the declaration from 2021 to 2030 as President Muhammadu Buhari s Gas Decade Initiative aimed to transform Nigeria into a gas powered economy The minister said The Gas Decade is a decade of eliminating gas flaring a decade of more national liquefied petroleum gas LPG and a decade of a fully gas powered economy For us as a nation natural gas is power It is transported as in natural gas vehicles what is popularly known as Auto gas Gas is a feedstock for petrochemicals Gas is manufacturing and industries it is also food as gas components are used to make fertilizers helping to feed millions of people The Nigerian agricultural sector probably the largest contributor of Gross Domestic Product to our economy would benefit greatly from the increased availability of fertilizers that use gas as a feedstock Given the low concentration of nitrates in our soil and gas as a key raw material for nitrate based fertilizers the development of the gas industry could contribute to improving our food security as a nation The gas decade initiative is to ensure that Nigeria has the highest petrochemical production capacity in the world and to catalyze enough change that will position Nigeria as the world s largest urea manufacturing center However Mr Sylva noted that achieving the goal required the collaboration of all stakeholders He said the government for its part will continue to undertake policies and programs aimed at using Nigeria s gas resources for national development The minister said that the ongoing construction of the 614 kilometers Ajaokuta Kaduna Kano AKK gas pipelines and the NLNG Train 7 Project would deepen gas utilization in the country Sylva said the president s signing of the Petroleum Industry Act PIA on Aug 16 would end the 15 billion oil and gas investments that Nigeria loses annually He said The PIA 2021 has created a fundamental foundation for the much desired industrialization and economic development of this country It also has generous incentives to enable gas development distribution penetration and utilization The PIA is part of FG s determination and commitment to building a competitive and resilient oil industry that will attract investment improve the revenue base create jobs and support the economic diversification agenda YAYA
    Nigeria can become highest producer of petrochemicals — Sylva
      Timipre Sylva Minister of State for Petroleum Resources says Nigeria has the ability to become the world s largest producer of petrochemicals This according to him is possible with the implementation of the Gas Development Decade initiative Sylva spoke on Tuesday at the Virtual Nigerian Gas Association NGA the 2021 Business Forum and the Annual General Meeting The topic of the forum was Petroleum Industry Law PIA Progress and Opportunities in the Gas Decade Mr Sylva represented by his Technical Advisor on Business and Implementation of Gas Policies Judge Derefaka said Nigeria had 206 53 tcf of proven gas reserves as of January 1 2021 He said that the declaration from 2021 to 2030 as President Muhammadu Buhari s Gas Decade Initiative aimed to transform Nigeria into a gas powered economy The minister said The Gas Decade is a decade of eliminating gas flaring a decade of more national liquefied petroleum gas LPG and a decade of a fully gas powered economy For us as a nation natural gas is power It is transported as in natural gas vehicles what is popularly known as Auto gas Gas is a feedstock for petrochemicals Gas is manufacturing and industries it is also food as gas components are used to make fertilizers helping to feed millions of people The Nigerian agricultural sector probably the largest contributor of Gross Domestic Product to our economy would benefit greatly from the increased availability of fertilizers that use gas as a feedstock Given the low concentration of nitrates in our soil and gas as a key raw material for nitrate based fertilizers the development of the gas industry could contribute to improving our food security as a nation The gas decade initiative is to ensure that Nigeria has the highest petrochemical production capacity in the world and to catalyze enough change that will position Nigeria as the world s largest urea manufacturing center However Mr Sylva noted that achieving the goal required the collaboration of all stakeholders He said the government for its part will continue to undertake policies and programs aimed at using Nigeria s gas resources for national development The minister said that the ongoing construction of the 614 kilometers Ajaokuta Kaduna Kano AKK gas pipelines and the NLNG Train 7 Project would deepen gas utilization in the country Sylva said the president s signing of the Petroleum Industry Act PIA on Aug 16 would end the 15 billion oil and gas investments that Nigeria loses annually He said The PIA 2021 has created a fundamental foundation for the much desired industrialization and economic development of this country It also has generous incentives to enable gas development distribution penetration and utilization The PIA is part of FG s determination and commitment to building a competitive and resilient oil industry that will attract investment improve the revenue base create jobs and support the economic diversification agenda YAYA
    Nigeria can become highest producer of petrochemicals — Sylva
    Headlines12 months ago

    Nigeria can become highest producer of petrochemicals — Sylva

    Timipre Sylva, Minister of State for Petroleum Resources, says Nigeria has the ability to become the world's largest producer of petrochemicals.

    This, according to him, is possible with the implementation of the Gas Development Decade initiative,

    Sylva spoke on Tuesday at the Virtual Nigerian Gas Association, NGA, the 2021 Business Forum and the Annual General Meeting.

    The topic of the forum was 'Petroleum Industry Law (PIA): Progress and Opportunities in the Gas Decade'.

    Mr. Sylva, represented by his Technical Advisor on Business and Implementation of Gas Policies; Judge Derefaka said Nigeria had 206.53 tcf of proven gas reserves as of January 1, 2021.

    He said that the declaration from 2021 to 2030 as President Muhammadu Buhari's `` Gas Decade Initiative '' aimed to transform Nigeria into a gas-powered economy.

    The minister said: “The Gas Decade is a decade of eliminating gas flaring, a decade of more national liquefied petroleum gas (LPG) and a decade of a fully gas-powered economy.

    “For us as a nation, natural gas is power. It is transported, as in natural gas vehicles (what is popularly known as Auto-gas).

    “Gas is a feedstock for petrochemicals. Gas is manufacturing and industries, it is also food, as gas components are used to make fertilizers, helping to feed millions of people.

    “The Nigerian agricultural sector, probably the largest contributor of Gross Domestic Product to our economy, would benefit greatly from the increased availability of fertilizers that use gas as a feedstock.

    “Given the low concentration of nitrates in our soil and gas as a key raw material for nitrate-based fertilizers, the development of the gas industry could contribute to improving our food security as a nation.

    "The gas decade initiative is to ensure that Nigeria has the highest petrochemical production capacity in the world and to catalyze enough change that will position Nigeria as the world's largest urea manufacturing center."

    However, Mr. Sylva noted that achieving the goal required the collaboration of all stakeholders.

    He said the government, for its part, will continue to undertake policies and programs aimed at using Nigeria's gas resources for national development.

    The minister said that the ongoing construction of the 614 kilometers Ajaokuta-Kaduna-Kano, AKK, gas pipelines and the NLNG Train 7 Project would deepen gas utilization in the country.

    Sylva said the president's signing of the Petroleum Industry Act, PIA, on Aug. 16 would end the $ 15 billion oil and gas investments that Nigeria loses annually.

    He said: “The PIA 2021 has created a fundamental foundation for the much desired industrialization and economic development of this country.

    “It also has generous incentives to enable gas development, distribution, penetration and utilization.

    "The PIA is part of FG's determination and commitment to building a competitive and resilient oil industry that will attract investment, improve the revenue base, create jobs and support the economic diversification agenda."

    YAYA

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