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  •  Panelists at a book launch in Lagos have called for documentation of achievements of leaders with integrity This they argued was necessary to raise a new generation of Nigerians who would lead the nation to greatness through hardwork and honesty The panelists spoke on Monday at the launch of a book written by Mr Babs Omotowa former Managing of Nigeria LNG Ltd NLNG tittled From Storeroom to Boardroom Drawn oil and gas experts three of them are also authors Mr Austin Avuru the Founder and Executive Chairman of AA Holdings one of the panelists said that lack of lack of corporate governance structure was a reason for demise of several businesses in Nigeria He said that this was because young people did not have books from which to learn how to grow enterprises to last generations Another Dr Phillip Mshelbila Managing Director and Chief Executive Officer of Nigeria Liquefied Natural Gas NLNG Ltd spoke on Omotowa s tenacity He enumerated reforms brought into the NLNG by Omotowa due to his resilience and tenacity Mshelbila said the author left solid foundation for continuity in the local content drive in the firm He and other panelists enumerated interventions of the author and other interactions that qualified him as role model whom the younger generation must emulate Other panelists include Dr Godswill Ihetu former Managing Director NLNG and Mr Tonye Cole Co founder and former Group Executive Director of Sahara Group Also among them were Mr Isah Inuwa a retiree of the NLNG and Dr Waziri Adio former Executive Secretary of Nigeria Extractive Transparency Initiative NEITI who joined virtually The panelists said the nation needed role models who could point the way of how intergrity and courage could shape global businesses They called for value re orientatation in the nation while reeling out success stories of Omotowa who rose from the lowest cadre of his career to the pinnacle The panelists said he rose through hard work courage and integrity while shunning corruption They also shared their thoughts on how to resolve issues in the oil and gas industry the Niger Delta issues as well as the steps to adopt towards energy transition Mr Aderemi Makanjuola Chairman of Caverton Offshore Support Group Plc giving a goodwill message said the author gave selfless service He said that the younger generations needed this to correct negative perceptions about Nigeria while building lasting legacies Makanjuola said mentorship was important to raise upright leaders According to him the younger generation cannot be coerced hence the need for real role models The Chairman Governing Board Nigerian University of Technology and Management NUTM Dr Okechukwu Enelamah was one of the book reviewers He said the book listed on Amazon presented a good context for the nation s youths to courageously pursue entrepreneurship goals with honestly The reviewer described the book as an easy read that had great potential for global readership Enelamah said it contains several leadership lessons loaded with personal examples of Omotowa s courage to surmount opposition to do things right He said the book documented step by step journey of the author from his humble background in Ile Ife The reviewer said it touched on the role of parents in inculcating the right values which helped Omotowa excel without compromising He said chapter two of the book is quite empowering and teaches how to prioritise goals while not ignoring the power of sacrifices Enelamah said the book was illuminating on how the author handled employees without losing focus on integrity He said it revealed how the author adopted courage to remain incorruptible in the face of opposition in his journey from the Storeroom to Boardroom Another reviewer Donu Kogbara a columnist with the Vanguard Newspaper commended the author for capturing his personal flaws and mistakes in the book She said that he did not pretend to be a saint or super human to conceal his errors Kogbara said he did not mince words in his fight against corruption describing the book s launch as timely She said that this was because young people did not have adequate books on best practices Speaking with journalists Omotowa urged parents to inculcate the right values in their children early in life The author said that this would teach them contentment to make them incorruptible He said that the values of hard work courage and integrity he picked up early in his life from his parents helped him to bring transformation in his career path from the bottom to top The Minister of Information and Culture Alhaji Lai Mohammed was represented at the event by a Director Mrs Amao Ayobami NewsSourceCredit NAN
    Experts want leaders with integrity to inspire youth
     Panelists at a book launch in Lagos have called for documentation of achievements of leaders with integrity This they argued was necessary to raise a new generation of Nigerians who would lead the nation to greatness through hardwork and honesty The panelists spoke on Monday at the launch of a book written by Mr Babs Omotowa former Managing of Nigeria LNG Ltd NLNG tittled From Storeroom to Boardroom Drawn oil and gas experts three of them are also authors Mr Austin Avuru the Founder and Executive Chairman of AA Holdings one of the panelists said that lack of lack of corporate governance structure was a reason for demise of several businesses in Nigeria He said that this was because young people did not have books from which to learn how to grow enterprises to last generations Another Dr Phillip Mshelbila Managing Director and Chief Executive Officer of Nigeria Liquefied Natural Gas NLNG Ltd spoke on Omotowa s tenacity He enumerated reforms brought into the NLNG by Omotowa due to his resilience and tenacity Mshelbila said the author left solid foundation for continuity in the local content drive in the firm He and other panelists enumerated interventions of the author and other interactions that qualified him as role model whom the younger generation must emulate Other panelists include Dr Godswill Ihetu former Managing Director NLNG and Mr Tonye Cole Co founder and former Group Executive Director of Sahara Group Also among them were Mr Isah Inuwa a retiree of the NLNG and Dr Waziri Adio former Executive Secretary of Nigeria Extractive Transparency Initiative NEITI who joined virtually The panelists said the nation needed role models who could point the way of how intergrity and courage could shape global businesses They called for value re orientatation in the nation while reeling out success stories of Omotowa who rose from the lowest cadre of his career to the pinnacle The panelists said he rose through hard work courage and integrity while shunning corruption They also shared their thoughts on how to resolve issues in the oil and gas industry the Niger Delta issues as well as the steps to adopt towards energy transition Mr Aderemi Makanjuola Chairman of Caverton Offshore Support Group Plc giving a goodwill message said the author gave selfless service He said that the younger generations needed this to correct negative perceptions about Nigeria while building lasting legacies Makanjuola said mentorship was important to raise upright leaders According to him the younger generation cannot be coerced hence the need for real role models The Chairman Governing Board Nigerian University of Technology and Management NUTM Dr Okechukwu Enelamah was one of the book reviewers He said the book listed on Amazon presented a good context for the nation s youths to courageously pursue entrepreneurship goals with honestly The reviewer described the book as an easy read that had great potential for global readership Enelamah said it contains several leadership lessons loaded with personal examples of Omotowa s courage to surmount opposition to do things right He said the book documented step by step journey of the author from his humble background in Ile Ife The reviewer said it touched on the role of parents in inculcating the right values which helped Omotowa excel without compromising He said chapter two of the book is quite empowering and teaches how to prioritise goals while not ignoring the power of sacrifices Enelamah said the book was illuminating on how the author handled employees without losing focus on integrity He said it revealed how the author adopted courage to remain incorruptible in the face of opposition in his journey from the Storeroom to Boardroom Another reviewer Donu Kogbara a columnist with the Vanguard Newspaper commended the author for capturing his personal flaws and mistakes in the book She said that he did not pretend to be a saint or super human to conceal his errors Kogbara said he did not mince words in his fight against corruption describing the book s launch as timely She said that this was because young people did not have adequate books on best practices Speaking with journalists Omotowa urged parents to inculcate the right values in their children early in life The author said that this would teach them contentment to make them incorruptible He said that the values of hard work courage and integrity he picked up early in his life from his parents helped him to bring transformation in his career path from the bottom to top The Minister of Information and Culture Alhaji Lai Mohammed was represented at the event by a Director Mrs Amao Ayobami NewsSourceCredit NAN
    Experts want leaders with integrity to inspire youth
    General news2 months ago

    Experts want leaders with integrity to inspire youth

    Panelists at a book launch in Lagos have called for documentation of achievements of leaders with integrity.

    This, they argued, was necessary to raise a new generation of Nigerians who would lead the nation to greatness through hardwork and honesty.

    The panelists spoke on Monday at the launch of a book written by Mr Babs Omotowa, former Managing of Nigeria LNG Ltd (NLNG) tittled “From Storeroom to Boardroom”.

    Drawn  oil and gas experts, three of them are also authors.

    Mr Austin Avuru, the Founder and Executive Chairman of AA Holdings, one of the panelists, said that lack of lack of corporate governance structure was a reason for demise of several businesses in Nigeria.

    He said that this was because young people did not have books from which to learn how to grow enterprises to last generations.

    Another, Dr Phillip Mshelbila, Managing Director and Chief Executive Officer of Nigeria Liquefied Natural Gas (NLNG) Ltd, spoke on Omotowa’s tenacity.

    He enumerated reforms brought into the NLNG by Omotowa due to his resilience and tenacity.

    Mshelbila said the author left solid foundation for continuity in the local content drive in the firm.

    He, and other panelists, enumerated  interventions of the author and other interactions that qualified him as role model whom the younger generation must emulate.

    Other panelists include Dr Godswill Ihetu, former Managing Director, NLNG, and Mr Tonye Cole, Co-founder and former Group Executive Director of Sahara Group.

    Also among them were Mr Isah Inuwa, a retiree of the NLNG and Dr Waziri Adio, former Executive Secretary of Nigeria Extractive Transparency Initiative (NEITI), who joined virtually.

    The panelists said the nation needed role models who could point the way of how intergrity and courage could shape global businesses.

    They called for value re-orientatation in the nation while reeling out success stories of  Omotowa who rose from the lowest cadre of his career to the pinnacle.

    The panelists said he rose through hard work, courage and integrity while shunning corruption.

    They also shared their thoughts on how to resolve issues in the oil and gas industry, the Niger Delta issues as well as the steps to adopt towards energy transition.

    Mr Aderemi Makanjuola, Chairman of Caverton Offshore Support Group Plc, giving a goodwill message, said the author gave selfless service.

    He said that the younger generations needed this to correct negative perceptions about Nigeria while building lasting legacies.

    Makanjuola said mentorship was important to raise upright leaders.

    According to him, the younger generation cannot be”coerced”, hence, the need for real role models.

    The Chairman, Governing Board, Nigerian University of Technology and Management.

    (NUTM), Dr Okechukwu Enelamah, was one of the book reviewers.

    He said the book, listed on Amazon, presented a good context for the nation’s youths to courageously pursue entrepreneurship goals with honestly.

    The reviewer described the book as an easy read that had great potential for global readership.

    Enelamah said it contains several leadership lessons loaded with personal examples of Omotowa’s courage to surmount opposition to do things right.

    He said the book documented step by step journey of the author from his humble background in Ile Ife.The reviewer said it touched on the role of parents in inculcating the right values which helped  Omotowa excel without compromising.

    He said chapter two of the book is “quite empowering” and teaches how to prioritise goals, while not ignoring the power of sacrifices.

    Enelamah said the book was “illuminating” on how the author handled employees without losing focus on integrity.

    He said it revealed how the author adopted courage to remain incorruptible in the face of opposition in his journey from the”Storeroom to Boardroom”.

    Another reviewer, Donu Kogbara, a columnist with the Vanguard Newspaper, commended the author for capturing his personal flaws and mistakes in the book.

    She said that he did not pretend to be a saint or super human to conceal his errors.

    Kogbara said he did not mince words in his fight against corruption, describing the book’s launch as timely.

    She said that this was because young people did not have adequate books on best practices.

    Speaking with journalists, Omotowa urged parents to inculcate the right values in their children early in life.

    The author said that this would teach them contentment to make them incorruptible.

    He said that the values of hard work, courage and integrity he picked up early in his life from his parents helped him to bring transformation in his career path from the bottom to top.

    The Minister of Information and Culture, Alhaji Lai Mohammed, was represented at the event by a Director, Mrs Amao Ayobami.


    NewsSourceCredit: NAN

  •  Stakeholders in the gas sector on Tuesday called for a holistic approach in fixing Nigeria s gas crisis especially with the lingering supply shortage and price increment The stakeholders identified insecurity naira depreciation and lack of a workable pricing template as some of the factors affecting the development of Nigeria s gas sector They spoke during a panel session with the topic Harnessing the Opportunities in the Nigerian Gas Sector at the 2022 Nigerian Oil and Gas NOG conference in Abuja The News Agency of Nigeria reports that those who spoke included Mr Roger Brown the Chief Executive Officer Seplat Energy Plc Mr Phillip Mshelbila Chief Executive Officer Nigeria LNG Ltd and Mr Ed Ubong President Nigerian Gas Association NGA Brown said Nigeria was blessed with abundant gas resources but needed the right investments to maximise opportunities in the sector He said There s a wall of money ready to come into this country but they look at barriers to it and one of the biggest barrier is the currency So currency convertibility you know bringing equipment in dollars and then having a mainly Naira revenue stream These things are fixable We need to get those right there in any amount of big projects and really exciting projects And what I like about the economics here in Nigeria is that they are unbelievably good Rogers said with majority of Nigerians lacking access to energy it was a huge opportunity for both local and foreigner investors to come into the sector He said the 700 million ANOH Gas Processing Company being constructed by Seplat and the NNPC at Asaa in Imo State was near completion Rogers said the project when completed would provide gas to boost the much needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth Also Mshelbila said there was the need for a collaborative and comprehensive solution to the issue which was already captured in the Decade of Gas Plan of the Federal Government He said What many people may not be aware of is that we actually have the plan captured in the decade of gas framework It s an excellent piece of work It has looked at the demand side of natural gas in Nigeria domestic and export It has looked at the supply side then looked at infrastructure and then it has looked at the commercial or economic framework that is needed to address all of this And it has outlined very specific things that need to be done to address it The NLNG boss said the plan included construction of gas pipelines the ongoing NLNG Train 7 project as well as gas to power initiative that would drive industrial growth in the country On his part Ubong tendered an apology to Nigerians for the scarcity of gas in the country especially within the last six months There is not enough gas for cooking so the cooking gas prices have gone up There is not enough gas to fire the terminal plant so there is virtually no electricity the NGA president said He said it was very clear that upstream players were not happy with the legacy debts that they were being owed for gas supplied for power generation Ubong said My appeal to the Federal Government is let s find a way and pay this money so that there will be peace It is my suggestion that the Federal Government should then hold upstream producers The government can thereafter say I have defrayed my debt you must then bring the gas volumes that you promised so that there will be enough supply in the country NewsSourceCredit NAN
    Seplat, NLNG proffer solutions to Nigeria’s gas crisis
     Stakeholders in the gas sector on Tuesday called for a holistic approach in fixing Nigeria s gas crisis especially with the lingering supply shortage and price increment The stakeholders identified insecurity naira depreciation and lack of a workable pricing template as some of the factors affecting the development of Nigeria s gas sector They spoke during a panel session with the topic Harnessing the Opportunities in the Nigerian Gas Sector at the 2022 Nigerian Oil and Gas NOG conference in Abuja The News Agency of Nigeria reports that those who spoke included Mr Roger Brown the Chief Executive Officer Seplat Energy Plc Mr Phillip Mshelbila Chief Executive Officer Nigeria LNG Ltd and Mr Ed Ubong President Nigerian Gas Association NGA Brown said Nigeria was blessed with abundant gas resources but needed the right investments to maximise opportunities in the sector He said There s a wall of money ready to come into this country but they look at barriers to it and one of the biggest barrier is the currency So currency convertibility you know bringing equipment in dollars and then having a mainly Naira revenue stream These things are fixable We need to get those right there in any amount of big projects and really exciting projects And what I like about the economics here in Nigeria is that they are unbelievably good Rogers said with majority of Nigerians lacking access to energy it was a huge opportunity for both local and foreigner investors to come into the sector He said the 700 million ANOH Gas Processing Company being constructed by Seplat and the NNPC at Asaa in Imo State was near completion Rogers said the project when completed would provide gas to boost the much needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth Also Mshelbila said there was the need for a collaborative and comprehensive solution to the issue which was already captured in the Decade of Gas Plan of the Federal Government He said What many people may not be aware of is that we actually have the plan captured in the decade of gas framework It s an excellent piece of work It has looked at the demand side of natural gas in Nigeria domestic and export It has looked at the supply side then looked at infrastructure and then it has looked at the commercial or economic framework that is needed to address all of this And it has outlined very specific things that need to be done to address it The NLNG boss said the plan included construction of gas pipelines the ongoing NLNG Train 7 project as well as gas to power initiative that would drive industrial growth in the country On his part Ubong tendered an apology to Nigerians for the scarcity of gas in the country especially within the last six months There is not enough gas for cooking so the cooking gas prices have gone up There is not enough gas to fire the terminal plant so there is virtually no electricity the NGA president said He said it was very clear that upstream players were not happy with the legacy debts that they were being owed for gas supplied for power generation Ubong said My appeal to the Federal Government is let s find a way and pay this money so that there will be peace It is my suggestion that the Federal Government should then hold upstream producers The government can thereafter say I have defrayed my debt you must then bring the gas volumes that you promised so that there will be enough supply in the country NewsSourceCredit NAN
    Seplat, NLNG proffer solutions to Nigeria’s gas crisis
    Oil & Gas3 months ago

    Seplat, NLNG proffer solutions to Nigeria’s gas crisis

    Stakeholders in the gas sector on Tuesday called for a holistic approach in fixing Nigeria’s gas crisis, especially with the lingering supply shortage and price increment.The stakeholders identified insecurity, naira depreciation and lack of a workable pricing template as some of the factors affecting the development of Nigeria’s gas sector.They spoke during a panel session with the topic:” Harnessing the Opportunities in the Nigerian Gas Sector,” at the 2022 Nigerian Oil and Gas (NOG) conference in Abuja.The News Agency of Nigeria reports that those who spoke included Mr Roger Brown, the Chief Executive Officer, Seplat Energy Plc, Mr Phillip Mshelbila, Chief Executive Officer, Nigeria LNG Ltd. and Mr Ed Ubong, President, Nigerian Gas Association ( NGA).Brown said Nigeria was blessed with abundant gas resources but needed the right investments to maximise opportunities in the sector.He said: “There’s a wall of money ready to come into this country; but they look at barriers to it and one of the biggest barrier is the currency.“So, currency convertibility you know, bringing equipment in dollars, and then having a mainly Naira revenue stream.“These things are fixable. We need to get those right there in any amount of big projects and really exciting projects. And what I like about the economics here in Nigeria is that they are unbelievably good.”Rogers said with majority of Nigerians lacking access to energy, it was a huge opportunity for both local and foreigner investors to come into the sector.He said the $700 million ANOH Gas Processing Company being constructed by Seplat and the NNPC at Asaa, , in Imo State was near completion.Rogers said the project when completed would provide gas to boost the much-needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth.Also, Mshelbila said there was the need for a collaborative and comprehensive solution to the issue which was already captured in the Decade of Gas Plan of the Federal Government.He said: “What many people may not be aware of is that we actually have the plan captured in the decade of gas framework.“It’s an excellent piece of work. It has looked at the demand side of natural gas in Nigeria, domestic and export.“It has looked at the supply side, then looked at infrastructure, and then it has looked at the commercial or economic framework that is needed to address all of this. And it has outlined very specific things that need to be done to address it.”The NLNG boss said the plan included construction of gas pipelines, the ongoing NLNG Train 7 project as well as gas to power initiative that would drive industrial growth in the country.On his part, Ubong tendered an apology to Nigerians for the scarcity of gas in the country, especially within the last six months.“There is not enough gas for cooking, so the cooking gas prices have gone up. There is not enough gas to fire the terminal plant, so there is virtually no electricity,” the NGA president said.He said it was very clear that upstream players were not happy with the legacy debts that they were being owed for gas supplied for power generation.Ubong said: “My appeal to the Federal Government is let’s find a way and pay this money so that there will be peace.“It is my suggestion that the Federal Government should then hold upstream producers.“The government can thereafter say, ‘I have defrayed my debt, you must then bring the gas volumes that you promised so that there will be enough supply in the country.”NewsSourceCredit: NAN

  •   Edith Ike Eboh and Emmanuel Afonne Nigeria National Petroleum Company NNPC Limited started its new week on a happy note as the country entered the global liquefied natural gas LNG market on Monday for the first time in 22 years This was a step that is expected to strengthen Nigeria s footprint in the global LNG market following the withdrawal from Bonny Island in Rivers State The first export of LNG from NNPC LNG Ltd a branch of NNPC Ltd was a milestone in about 22 years The event brought together the Director MD NLNG Dr Phillip Mshelbila and the NNPC team led by the Executive Director General Manager Mr Umar Ajiya The other members of the NNPC were the group s executive director Gas Power Mr Mohammed Ahmed Group Executive Director Corporate Services Ms Aisha Farida Katagum Group Managing Director NNPC LNG Investment Management Services LIMS Ms Nike Kolawole and MD NNPC LNG Ltd Mr Adamu Umar The group s chief executive NNPC LNG Investment Management Services LIMS Ms Nike Kolawole said the landmark event was one of the oil company s many efforts to explore viable business opportunities to improve the fortunes of the company organization The significance of this step given NNPC s transition from a corporation to a limited liability company is that we are poised to generate additional income for NNPC Ltd which aligns with the Act petroleum industry PIA and the Companies and Allied Affairs Act CAMA respectively she said NNPC GMD CEO Malam Mele KyariKolawole said that with NNPC s successful entry into the global LNG market the company has strongly established its presence and has become a key player in the international LNG trade space She stressed that the current leadership of the NNPC is focused on supporting federal government initiatives to get maximum value from gas production and use Kolawole also noted that participating in the entire LNG value chain would expose the company to other benefits beyond dividends According to her NNPC s current ability to acquire volumes in the LNG market and trade such volumes in the global market was achievable thanks to the visionary leadership of the Group Managing Director Managing Director Malam Mele Kyari and his team leadership who provided the environment She expressed her commitment to develop the business for the benefit of the NNPC and the nation NNPC LNG Ltd is a wholly owned subsidiary of NNPC Ltd with the mandate to manage federal government investments in LNG companies Established on October 3 2012 as an investment entity in all downstream LNG partnerships and companies the Company is the issuing entity of four marketing joint ventures MJVs of NNPC Ltd created to market LNG and its derivatives On Tuesday NNPC Limited called for support from leading technologically advanced jurisdictions around the world to enable the country and other developing countries to achieve the desired global energy transition NNPC CEO GMD Kyari made this plea during his opening speech at the Nigerian Association of Energy Correspondents NAEC 2021 Strategic Conference on PIA Energy Transition and the future of Nigeria s oil and gas Kyari who only recently warned that carrying out the energy transition comprehensively without taking into account the particular socio economic conditions of various countries would cause upheavals that could exacerbate security problems in developing countries insisted on the need to allow less technologically endowed countries time to build the required capacity to allow for a smooth transition As we speak and as a country and for most African countries the realities around the energy transition are clearly a major challenge for us Today as we all know we lack energy we have problems with electricity supply and even a lot of other infrastructure Kyari said According to him the effects of the energy transition were already being felt in the oil and gas industry as local and international lenders suspended oil and gas financing and projects He aligned himself with Buhari s call at the ongoing COP 26 in Glasgow for energy justice in implementing the energy transition stressing that although Africa only accounts for around three percent of global carbon emissions the continent still has a responsibility to join the world in the fight against climate change Kyari however said Africa needs to be assisted to do so as most countries on the continent lack the means to make a rapid transition He pointed out that the NNPC as a catalyst for national energy security is working hard to increase the domestic use of the country s gas resources as a viable alternative to heavy fossil fuels through the aggressive delivery of all gas infrastructure projects like Ajaokuta Kaduna Kano AKK Obiafu Obrikom Oben OB3 pipeline and Escravos Lagos pipeline system expansion project ELPS The NNPC boss noted that the PIA s fiscal framework gave great support to this aspiration adding that when completed the projects would add an additional 8 billion cubic feet of gas to the national gas grid thereby enabling the optimization of Nigeria s gas resources as planned in the decade of the gas initiative Regarding recent concerns about the impending fuel shortage the CEO GMD of NNPC said the company will continue to play its role in ensuring an uninterrupted supply and distribution of petroleum products across the country He confirmed that NNPC has a stockpile of over 1 7 billion liters of Premium Motor Spirit PMS and is expecting delivery of an additional 2 3 billion liters during this month to support supply for the Christmas season and beyond Also during the week under review the NNPC Petroleum Industry Act PIA Transition Committee was tasked with getting under way to ensure a seamless transformation of the organization from a company to an energy company of the NNPC world class GMD CEO Malam Mele Kyari gave the charge on Wednesday during the committee s inauguration in the NNPC towers noting that there was no time to waste as things were moving rapidly in the oil and gas industry from the country The GMD said the grand opening was a milestone for NNPC as it grows into a global international oil company IOC driven by growth profitability and performance excellence He said the enactment of the PIA meant that for the first time since the Petroleum Law of 1967 the Nigerian oil and gas industry would have a legislative framework in which it would thrive and bring value to Nigerians Describing the effect resulting from the implementation of the PIA as being massive Kyari said that as a company governed by the principles of the Allied Matters Act CAMA there would be no room for the non execution He said the PIA was about reforming the National Oil Company NOC and that as CEO he was committed to ensuring the transition committee fulfills its mandate The transition committee has 18 months to fulfill its mission Meanwhile NNPC Ltd urged the public not to engage in panic buying of petroleum products as the company had sufficient stock of products that would last through the holiday season and beyond The company said it is engaging all stakeholders to ensure a smooth supply and distribution of products to all regions of the country Mr Ishaku Abdullahi Managing Director of Petroleum Products Marketing Company PPMC the downstream entity of NNPC discusses efforts to ensure seamless supply and distribution of petroleum products nationwide Visit us on for more details Source NAN
    NNPC Weekly Review: Nigeria’s LNG cargo arrives global market after 22 years
      Edith Ike Eboh and Emmanuel Afonne Nigeria National Petroleum Company NNPC Limited started its new week on a happy note as the country entered the global liquefied natural gas LNG market on Monday for the first time in 22 years This was a step that is expected to strengthen Nigeria s footprint in the global LNG market following the withdrawal from Bonny Island in Rivers State The first export of LNG from NNPC LNG Ltd a branch of NNPC Ltd was a milestone in about 22 years The event brought together the Director MD NLNG Dr Phillip Mshelbila and the NNPC team led by the Executive Director General Manager Mr Umar Ajiya The other members of the NNPC were the group s executive director Gas Power Mr Mohammed Ahmed Group Executive Director Corporate Services Ms Aisha Farida Katagum Group Managing Director NNPC LNG Investment Management Services LIMS Ms Nike Kolawole and MD NNPC LNG Ltd Mr Adamu Umar The group s chief executive NNPC LNG Investment Management Services LIMS Ms Nike Kolawole said the landmark event was one of the oil company s many efforts to explore viable business opportunities to improve the fortunes of the company organization The significance of this step given NNPC s transition from a corporation to a limited liability company is that we are poised to generate additional income for NNPC Ltd which aligns with the Act petroleum industry PIA and the Companies and Allied Affairs Act CAMA respectively she said NNPC GMD CEO Malam Mele KyariKolawole said that with NNPC s successful entry into the global LNG market the company has strongly established its presence and has become a key player in the international LNG trade space She stressed that the current leadership of the NNPC is focused on supporting federal government initiatives to get maximum value from gas production and use Kolawole also noted that participating in the entire LNG value chain would expose the company to other benefits beyond dividends According to her NNPC s current ability to acquire volumes in the LNG market and trade such volumes in the global market was achievable thanks to the visionary leadership of the Group Managing Director Managing Director Malam Mele Kyari and his team leadership who provided the environment She expressed her commitment to develop the business for the benefit of the NNPC and the nation NNPC LNG Ltd is a wholly owned subsidiary of NNPC Ltd with the mandate to manage federal government investments in LNG companies Established on October 3 2012 as an investment entity in all downstream LNG partnerships and companies the Company is the issuing entity of four marketing joint ventures MJVs of NNPC Ltd created to market LNG and its derivatives On Tuesday NNPC Limited called for support from leading technologically advanced jurisdictions around the world to enable the country and other developing countries to achieve the desired global energy transition NNPC CEO GMD Kyari made this plea during his opening speech at the Nigerian Association of Energy Correspondents NAEC 2021 Strategic Conference on PIA Energy Transition and the future of Nigeria s oil and gas Kyari who only recently warned that carrying out the energy transition comprehensively without taking into account the particular socio economic conditions of various countries would cause upheavals that could exacerbate security problems in developing countries insisted on the need to allow less technologically endowed countries time to build the required capacity to allow for a smooth transition As we speak and as a country and for most African countries the realities around the energy transition are clearly a major challenge for us Today as we all know we lack energy we have problems with electricity supply and even a lot of other infrastructure Kyari said According to him the effects of the energy transition were already being felt in the oil and gas industry as local and international lenders suspended oil and gas financing and projects He aligned himself with Buhari s call at the ongoing COP 26 in Glasgow for energy justice in implementing the energy transition stressing that although Africa only accounts for around three percent of global carbon emissions the continent still has a responsibility to join the world in the fight against climate change Kyari however said Africa needs to be assisted to do so as most countries on the continent lack the means to make a rapid transition He pointed out that the NNPC as a catalyst for national energy security is working hard to increase the domestic use of the country s gas resources as a viable alternative to heavy fossil fuels through the aggressive delivery of all gas infrastructure projects like Ajaokuta Kaduna Kano AKK Obiafu Obrikom Oben OB3 pipeline and Escravos Lagos pipeline system expansion project ELPS The NNPC boss noted that the PIA s fiscal framework gave great support to this aspiration adding that when completed the projects would add an additional 8 billion cubic feet of gas to the national gas grid thereby enabling the optimization of Nigeria s gas resources as planned in the decade of the gas initiative Regarding recent concerns about the impending fuel shortage the CEO GMD of NNPC said the company will continue to play its role in ensuring an uninterrupted supply and distribution of petroleum products across the country He confirmed that NNPC has a stockpile of over 1 7 billion liters of Premium Motor Spirit PMS and is expecting delivery of an additional 2 3 billion liters during this month to support supply for the Christmas season and beyond Also during the week under review the NNPC Petroleum Industry Act PIA Transition Committee was tasked with getting under way to ensure a seamless transformation of the organization from a company to an energy company of the NNPC world class GMD CEO Malam Mele Kyari gave the charge on Wednesday during the committee s inauguration in the NNPC towers noting that there was no time to waste as things were moving rapidly in the oil and gas industry from the country The GMD said the grand opening was a milestone for NNPC as it grows into a global international oil company IOC driven by growth profitability and performance excellence He said the enactment of the PIA meant that for the first time since the Petroleum Law of 1967 the Nigerian oil and gas industry would have a legislative framework in which it would thrive and bring value to Nigerians Describing the effect resulting from the implementation of the PIA as being massive Kyari said that as a company governed by the principles of the Allied Matters Act CAMA there would be no room for the non execution He said the PIA was about reforming the National Oil Company NOC and that as CEO he was committed to ensuring the transition committee fulfills its mandate The transition committee has 18 months to fulfill its mission Meanwhile NNPC Ltd urged the public not to engage in panic buying of petroleum products as the company had sufficient stock of products that would last through the holiday season and beyond The company said it is engaging all stakeholders to ensure a smooth supply and distribution of products to all regions of the country Mr Ishaku Abdullahi Managing Director of Petroleum Products Marketing Company PPMC the downstream entity of NNPC discusses efforts to ensure seamless supply and distribution of petroleum products nationwide Visit us on for more details Source NAN
    NNPC Weekly Review: Nigeria’s LNG cargo arrives global market after 22 years
    General news11 months ago

    NNPC Weekly Review: Nigeria’s LNG cargo arrives global market after 22 years

    Edith Ike-Eboh and Emmanuel Afonne

    Nigeria National Petroleum Company (NNPC) Limited started its new week on a happy note as the country entered the global liquefied natural gas (LNG) market on Monday for the first time in 22 years.

    This was a step that is expected to strengthen Nigeria's footprint in the global LNG market following the withdrawal from Bonny Island in Rivers State.

    The first export of LNG from NNPC LNG Ltd, a branch of NNPC Ltd, was a milestone in about 22 years.

    The event brought together the Director (MD), NLNG, Dr Phillip Mshelbila and the NNPC team led by the Executive Director / General Manager, Mr Umar Ajiya.

    The other members of the NNPC were the group's executive director, Gas & Power, Mr. Mohammed Ahmed; Group Executive Director, Corporate Services, Ms. Aisha Farida Katagum; Group Managing Director, NNPC LNG Investment Management Services (LIMS), Ms. Nike Kolawole and MD NNPC LNG Ltd, Mr. Adamu Umar.

    The group's chief executive, NNPC LNG Investment Management Services (LIMS), Ms. Nike Kolawole, said the landmark event was one of the oil company's many efforts to explore viable business opportunities to improve the fortunes of the company. organization.

    “The significance of this step given NNPC's transition from a corporation to a limited liability company is that we are poised to generate additional income for NNPC Ltd, which aligns with the Act. petroleum industry (PIA) and the Companies and Allied Affairs Act (CAMA), respectively, ”she said.

    NNPC GMD / CEO, Malam Mele Kyari

    Kolawole said that with NNPC's successful entry into the global LNG market, the company has strongly established its presence and has become a key player in the international LNG trade space.

    She stressed that the current leadership of the NNPC is focused on supporting federal government initiatives to get maximum value from gas production and use.

    Kolawole also noted that participating in the entire LNG value chain would expose the company to other benefits, beyond dividends.

    According to her, NNPC's current ability to acquire volumes in the LNG market and trade such volumes in the global market was achievable thanks to the visionary leadership of the Group Managing Director / Managing Director, Malam Mele Kyari and his team. leadership who provided the environment.

    She expressed her commitment to develop the business for the benefit of the NNPC and the nation.

    NNPC-LNG Ltd is a wholly owned subsidiary of NNPC Ltd with the mandate to manage federal government investments in LNG companies.

    Established on October 3, 2012 as an investment entity in all downstream LNG partnerships and companies, the Company is the issuing entity of four marketing joint ventures (MJVs) of NNPC Ltd, created to market LNG and its derivatives.

    On Tuesday, NNPC Limited called for support from leading technologically advanced jurisdictions around the world to enable the country and other developing countries to achieve the desired global energy transition.

    NNPC CEO / GMD Kyari made this plea during his opening speech at the Nigerian Association of Energy Correspondents (NAEC) 2021 Strategic Conference on - PIA, Energy Transition and the future of Nigeria's oil and gas.

    Kyari, who only recently warned that carrying out the energy transition comprehensively without taking into account the particular socio-economic conditions of various countries would cause upheavals that could exacerbate security problems in developing countries, insisted on the need to allow less technologically endowed countries time to build the required capacity to allow for a smooth transition.

    “As we speak, and as a country and for most African countries, the realities around the energy transition are clearly a major challenge for us.

    “Today, as we all know, we lack energy, we have problems with electricity supply and even a lot of other infrastructure,” Kyari said.

    According to him, the effects of the energy transition were already being felt in the oil and gas industry as local and international lenders suspended oil and gas financing and projects.

    He aligned himself with Buhari's call at the ongoing COP 26 in Glasgow for energy justice in implementing the energy transition, stressing that although Africa only accounts for around three percent of global carbon emissions, the continent still has a responsibility to join the world in the fight against climate change.

    Kyari, however, said Africa needs to be assisted to do so, as most countries on the continent lack the means to make a rapid transition.

    He pointed out that the NNPC, as a catalyst for national energy security, is working hard to increase the domestic use of the country's gas resources as a viable alternative to heavy fossil fuels through the aggressive delivery of all gas infrastructure projects like Ajaokuta-Kaduna-Kano (AKK), Obiafu-Obrikom-Oben (OB3) pipeline and Escravos-Lagos pipeline system expansion project (ELPS).

    The NNPC boss noted that the PIA's fiscal framework gave great support to this aspiration, adding that when completed, the projects would add an additional 8 billion cubic feet of gas to the national gas grid, thereby enabling the optimization of Nigeria's gas resources as planned in the decade of the gas initiative.

    Regarding recent concerns about the impending fuel shortage, the CEO / GMD of NNPC said the company will continue to play its role in ensuring an uninterrupted supply and distribution of petroleum products across the country.

    He confirmed that NNPC has a stockpile of over 1.7 billion liters of Premium Motor Spirit (PMS) and is expecting delivery of an additional 2.3 billion liters during this month to support supply for the Christmas season and beyond.

    Also during the week under review, the NNPC Petroleum Industry Act (PIA) Transition Committee was tasked with getting under way to ensure a seamless transformation of the organization from a company to an energy company of the NNPC. world class.

    GMD / CEO Malam Mele Kyari gave the charge on Wednesday during the committee's inauguration in the NNPC towers, noting that there was no time to waste as things were moving rapidly in the oil and gas industry from the country.

    The GMD said the grand opening was a milestone for NNPC as it grows into a global international oil company (IOC) driven by growth, profitability and performance excellence.

    He said the enactment of the PIA meant that for the first time since the Petroleum Law of 1967, the Nigerian oil and gas industry would have a legislative framework in which it would thrive and bring value to Nigerians.

    Describing the effect resulting from the implementation of the PIA as being massive, Kyari said that as a company governed by the principles of the Allied Matters Act (CAMA), there would be no room for the non-execution.

    He said the PIA was about reforming the National Oil Company (NOC) and that as CEO he was committed to ensuring the transition committee fulfills its mandate.

    The transition committee has 18 months to fulfill its mission.

    Meanwhile, NNPC Ltd urged the public not to engage in panic buying of petroleum products as the company had sufficient stock of products that would last through the holiday season and beyond.

    The company said it is engaging all stakeholders to ensure a smooth supply and distribution of products to all regions of the country.

    Mr. Ishaku Abdullahi, Managing Director of Petroleum Products Marketing Company (PPMC), the downstream entity of NNPC, discusses efforts to ensure seamless supply and distribution of petroleum products nationwide.

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    Source: NAN

  •   By Edith Ike Eboh and Emmanuel Afonne Nigeria National Petroleum Company NNPC Limited started its new week on a happy note as the country entered the global liquefied natural gas LNG market on Monday for the first time in 22 years This was a step that is expected to strengthen Nigeria s footprint in the global LNG market following the withdrawal from Bonny Island in Rivers State The first export of LNG from NNPC LNG Ltd a branch of NNPC Ltd was a milestone in about 22 years The event was attended by the Managing Director MD NLNG Dr Phillip Mshelbila and the NNPC team led by the Group Executive Director CFO Mr Umar Ajiya The other members of the NNPC were the group s executive director Gas Power Mr Mohammed Ahmed Group Executive Director Corporate Services Ms Aisha Farida Katagum Group Managing Director NNPC LNG Investment Management Services LIMS Ms Nike Kolawole and MD NNPC LNG Ltd Mr Adamu Umar The group s chief executive NNPC LNG Investment Management Services LIMS Ms Nike Kolawole said the landmark event was one of many efforts by the national oil company to explore viable business opportunities to improve the fortunes of the nation organization The significance of this step given NNPC s transition from a corporation to a limited liability company is that we are poised to generate additional income for NNPC Ltd which aligns with the Act petroleum industry PIA and the Companies and Allied Affairs Act CAMA respectively she said Kolawole said that with NNPC s successful entry into the global LNG market the company has strongly established its presence and has become a key player in the international LNG trade space She stressed that the current leadership of the NNPC is focused on supporting federal government initiatives to get maximum value from gas production and use Kolawole also noted that participating in the entire LNG value chain would expose the company to other benefits beyond dividends According to her NNPC s current ability to acquire volumes in the LNG market and trade such volumes in the global market was achievable thanks to the visionary leadership of the Group Managing Director Managing Director Malam Mele Kyari and his team leadership who provided the environment She expressed her commitment to develop the business for the benefit of the NNPC and the nation NNPC LNG Ltd is a wholly owned subsidiary of NNPC Ltd with the mandate to manage federal government investments in LNG companies Established on October 3 2012 as an investment entity in all downstream LNG partnerships and companies the Company is the issuing entity of four marketing joint ventures MJVs of NNPC Ltd created to market LNG and its derivatives On Tuesday NNPC Limited called for support from leading technologically advanced jurisdictions around the world to enable the country and other developing countries to achieve the desired global energy transition NNPC CEO GMD Kyari made this plea during his opening speech at the Nigerian Association of Energy Correspondents NAEC 2021 Strategic Conference on PIA Energy Transition and the future of Nigeria s oil and gas Kyari who only recently warned that carrying out the energy transition comprehensively without taking into account the particular socio economic conditions of various countries would cause upheavals that could exacerbate security problems in developing countries insisted on the need to allow less technologically endowed countries time to build the required capacity to allow for a smooth transition As we speak and as a country and for most African countries the realities around the energy transition are clearly a major challenge for us Today as we all know we lack energy we have problems with electricity supply and even a lot of other infrastructure Kyari said According to him the effects of the energy transition were already being felt in the oil and gas industry as local and international lenders suspended oil and gas financing and projects He associated himself with the call made by President Muhammadu Buhari during the COP 26 underway in Glasgow for energy justice in the implementation of the energy transition stressing that although Africa only represents about 3 of global carbon emissions the continent still has a responsibility to join the world in the fight against climate change Kyari however said Africa needs to be assisted to do so as most countries on the continent lack the means to make a rapid transition He pointed out that the NNPC as a catalyst for national energy security is working hard to increase the domestic use of the country s gas resources as a viable alternative to heavy fossil fuels through the aggressive delivery of all gas infrastructure projects like Ajaokuta Kaduna Kano AKK Obiafu Obrikom Oben OB3 pipeline and Escravos Lagos pipeline system expansion project ELPS The NNPC boss noted that the PIA s fiscal framework gave great support to this aspiration adding that when completed the projects would add an additional 8 billion cubic feet of gas to the national gas grid thereby enabling the optimization of Nigeria s gas resources as planned in the decade of the gas initiative Regarding recent concerns about the impending fuel shortage the CEO GMD of NNPC said the company will continue to play its role in ensuring an uninterrupted supply and distribution of petroleum products across the country He confirmed that NNPC has a stockpile of over 1 7 billion liters of Premium Motor Spirit PMS and is expecting delivery of an additional 2 3 billion liters during this month to support supply for the Christmas season and beyond NNPC GMD CEO Malam Mele KyariAlso during the week under review the NNPC Petroleum Industry Act PIA Transition Committee was tasked with getting under way to ensure a seamless transformation of the organization from a company to an energy company of the NNPC world class GMD CEO Malam Mele Kyari gave the charge on Wednesday during the committee s inauguration in the NNPC towers noting that there was no time to waste as things were moving rapidly in the oil and gas industry from the country The GMD said the grand opening was a milestone for NNPC as it grows into a global international oil company IOC driven by growth profitability and performance excellence He said the enactment of the PIA meant that for the first time since the Petroleum Law of 1967 the Nigerian oil and gas industry would have a legislative framework in which it would thrive and bring value to Nigerians Describing the effect resulting from the implementation of the PIA as massive Kyari said that as a company governed by the principles of the Companies and Related Affairs Act CAMA there would be no room for non execution He said the PIA was about reforming the National Oil Company NOC and that as CEO he was committed to ensuring the transition committee fulfills its mandate The transition committee has 18 months to fulfill its mission Meanwhile NNPC Ltd urged the public not to engage in panic buying of petroleum products as the company had sufficient stock of products that would last through the holiday season and beyond The company said it is engaging all stakeholders to ensure a smooth supply and distribution of products to all regions of the country Mr Ishaku Abdullahi Managing Director of Petroleum Products Marketing Company PPMC the downstream entity of NNPC discusses efforts to ensure seamless supply and distribution of petroleum products nationwide
    NNPC Weekly Review: Nigeria’s LNG cargo arrives global market after 22 years
      By Edith Ike Eboh and Emmanuel Afonne Nigeria National Petroleum Company NNPC Limited started its new week on a happy note as the country entered the global liquefied natural gas LNG market on Monday for the first time in 22 years This was a step that is expected to strengthen Nigeria s footprint in the global LNG market following the withdrawal from Bonny Island in Rivers State The first export of LNG from NNPC LNG Ltd a branch of NNPC Ltd was a milestone in about 22 years The event was attended by the Managing Director MD NLNG Dr Phillip Mshelbila and the NNPC team led by the Group Executive Director CFO Mr Umar Ajiya The other members of the NNPC were the group s executive director Gas Power Mr Mohammed Ahmed Group Executive Director Corporate Services Ms Aisha Farida Katagum Group Managing Director NNPC LNG Investment Management Services LIMS Ms Nike Kolawole and MD NNPC LNG Ltd Mr Adamu Umar The group s chief executive NNPC LNG Investment Management Services LIMS Ms Nike Kolawole said the landmark event was one of many efforts by the national oil company to explore viable business opportunities to improve the fortunes of the nation organization The significance of this step given NNPC s transition from a corporation to a limited liability company is that we are poised to generate additional income for NNPC Ltd which aligns with the Act petroleum industry PIA and the Companies and Allied Affairs Act CAMA respectively she said Kolawole said that with NNPC s successful entry into the global LNG market the company has strongly established its presence and has become a key player in the international LNG trade space She stressed that the current leadership of the NNPC is focused on supporting federal government initiatives to get maximum value from gas production and use Kolawole also noted that participating in the entire LNG value chain would expose the company to other benefits beyond dividends According to her NNPC s current ability to acquire volumes in the LNG market and trade such volumes in the global market was achievable thanks to the visionary leadership of the Group Managing Director Managing Director Malam Mele Kyari and his team leadership who provided the environment She expressed her commitment to develop the business for the benefit of the NNPC and the nation NNPC LNG Ltd is a wholly owned subsidiary of NNPC Ltd with the mandate to manage federal government investments in LNG companies Established on October 3 2012 as an investment entity in all downstream LNG partnerships and companies the Company is the issuing entity of four marketing joint ventures MJVs of NNPC Ltd created to market LNG and its derivatives On Tuesday NNPC Limited called for support from leading technologically advanced jurisdictions around the world to enable the country and other developing countries to achieve the desired global energy transition NNPC CEO GMD Kyari made this plea during his opening speech at the Nigerian Association of Energy Correspondents NAEC 2021 Strategic Conference on PIA Energy Transition and the future of Nigeria s oil and gas Kyari who only recently warned that carrying out the energy transition comprehensively without taking into account the particular socio economic conditions of various countries would cause upheavals that could exacerbate security problems in developing countries insisted on the need to allow less technologically endowed countries time to build the required capacity to allow for a smooth transition As we speak and as a country and for most African countries the realities around the energy transition are clearly a major challenge for us Today as we all know we lack energy we have problems with electricity supply and even a lot of other infrastructure Kyari said According to him the effects of the energy transition were already being felt in the oil and gas industry as local and international lenders suspended oil and gas financing and projects He associated himself with the call made by President Muhammadu Buhari during the COP 26 underway in Glasgow for energy justice in the implementation of the energy transition stressing that although Africa only represents about 3 of global carbon emissions the continent still has a responsibility to join the world in the fight against climate change Kyari however said Africa needs to be assisted to do so as most countries on the continent lack the means to make a rapid transition He pointed out that the NNPC as a catalyst for national energy security is working hard to increase the domestic use of the country s gas resources as a viable alternative to heavy fossil fuels through the aggressive delivery of all gas infrastructure projects like Ajaokuta Kaduna Kano AKK Obiafu Obrikom Oben OB3 pipeline and Escravos Lagos pipeline system expansion project ELPS The NNPC boss noted that the PIA s fiscal framework gave great support to this aspiration adding that when completed the projects would add an additional 8 billion cubic feet of gas to the national gas grid thereby enabling the optimization of Nigeria s gas resources as planned in the decade of the gas initiative Regarding recent concerns about the impending fuel shortage the CEO GMD of NNPC said the company will continue to play its role in ensuring an uninterrupted supply and distribution of petroleum products across the country He confirmed that NNPC has a stockpile of over 1 7 billion liters of Premium Motor Spirit PMS and is expecting delivery of an additional 2 3 billion liters during this month to support supply for the Christmas season and beyond NNPC GMD CEO Malam Mele KyariAlso during the week under review the NNPC Petroleum Industry Act PIA Transition Committee was tasked with getting under way to ensure a seamless transformation of the organization from a company to an energy company of the NNPC world class GMD CEO Malam Mele Kyari gave the charge on Wednesday during the committee s inauguration in the NNPC towers noting that there was no time to waste as things were moving rapidly in the oil and gas industry from the country The GMD said the grand opening was a milestone for NNPC as it grows into a global international oil company IOC driven by growth profitability and performance excellence He said the enactment of the PIA meant that for the first time since the Petroleum Law of 1967 the Nigerian oil and gas industry would have a legislative framework in which it would thrive and bring value to Nigerians Describing the effect resulting from the implementation of the PIA as massive Kyari said that as a company governed by the principles of the Companies and Related Affairs Act CAMA there would be no room for non execution He said the PIA was about reforming the National Oil Company NOC and that as CEO he was committed to ensuring the transition committee fulfills its mandate The transition committee has 18 months to fulfill its mission Meanwhile NNPC Ltd urged the public not to engage in panic buying of petroleum products as the company had sufficient stock of products that would last through the holiday season and beyond The company said it is engaging all stakeholders to ensure a smooth supply and distribution of products to all regions of the country Mr Ishaku Abdullahi Managing Director of Petroleum Products Marketing Company PPMC the downstream entity of NNPC discusses efforts to ensure seamless supply and distribution of petroleum products nationwide
    NNPC Weekly Review: Nigeria’s LNG cargo arrives global market after 22 years
    Headlines11 months ago

    NNPC Weekly Review: Nigeria’s LNG cargo arrives global market after 22 years

    By Edith Ike-Eboh and Emmanuel Afonne

    Nigeria National Petroleum Company (NNPC) Limited started its new week on a happy note as the country entered the global liquefied natural gas (LNG) market on Monday for the first time in 22 years.

    This was a step that is expected to strengthen Nigeria's footprint in the global LNG market following the withdrawal from Bonny Island in Rivers State.

    The first export of LNG from NNPC LNG Ltd, a branch of NNPC Ltd, was a milestone in about 22 years.

    The event was attended by the Managing Director (MD), NLNG, Dr Phillip Mshelbila and the NNPC team led by the Group Executive Director / CFO, Mr Umar Ajiya.

    The other members of the NNPC were the group's executive director, Gas & Power, Mr. Mohammed Ahmed; Group Executive Director, Corporate Services, Ms. Aisha Farida Katagum; Group Managing Director, NNPC LNG Investment Management Services (LIMS), Ms. Nike Kolawole and MD NNPC LNG Ltd, Mr. Adamu Umar.

    The group's chief executive, NNPC LNG Investment Management Services (LIMS), Ms. Nike Kolawole, said the landmark event was one of many efforts by the national oil company to explore viable business opportunities to improve the fortunes of the nation. 'organization.

    “The significance of this step given NNPC's transition from a corporation to a limited liability company is that we are poised to generate additional income for NNPC Ltd, which aligns with the Act. petroleum industry (PIA) and the Companies and Allied Affairs Act (CAMA), respectively, ”she said.

    Kolawole said that with NNPC's successful entry into the global LNG market, the company has strongly established its presence and has become a key player in the international LNG trade space.

    She stressed that the current leadership of the NNPC is focused on supporting federal government initiatives to get maximum value from gas production and use.

    Kolawole also noted that participating in the entire LNG value chain would expose the company to other benefits, beyond dividends.

    According to her, NNPC's current ability to acquire volumes in the LNG market and trade such volumes in the global market was achievable thanks to the visionary leadership of the Group Managing Director / Managing Director, Malam Mele Kyari and his team. leadership who provided the environment.

    She expressed her commitment to develop the business for the benefit of the NNPC and the nation.

    NNPC-LNG Ltd is a wholly owned subsidiary of NNPC Ltd with the mandate to manage federal government investments in LNG companies.

    Established on October 3, 2012 as an investment entity in all downstream LNG partnerships and companies, the Company is the issuing entity of four marketing joint ventures (MJVs) of NNPC Ltd, created to market LNG and its derivatives.

    On Tuesday, NNPC Limited called for support from leading technologically advanced jurisdictions around the world to enable the country and other developing countries to achieve the desired global energy transition.

    NNPC CEO / GMD Kyari made this plea during his opening speech at the Nigerian Association of Energy Correspondents (NAEC) 2021 Strategic Conference on - PIA, Energy Transition and the future of Nigeria's oil and gas.

    Kyari, who only recently warned that carrying out the energy transition comprehensively without taking into account the particular socio-economic conditions of various countries would cause upheavals that could exacerbate security problems in developing countries, insisted on the need to allow less technologically endowed countries time to build the required capacity to allow for a smooth transition.

    “As we speak, and as a country and for most African countries, the realities around the energy transition are clearly a major challenge for us.

    “Today, as we all know, we lack energy, we have problems with electricity supply and even a lot of other infrastructure,” Kyari said.

    According to him, the effects of the energy transition were already being felt in the oil and gas industry as local and international lenders suspended oil and gas financing and projects.

    He associated himself with the call made by President Muhammadu Buhari during the COP 26 underway in Glasgow for energy justice in the implementation of the energy transition, stressing that although Africa only represents about 3% of global carbon emissions, the continent still has a responsibility to join the world in the fight against climate change.

    Kyari, however, said Africa needs to be assisted to do so, as most countries on the continent lack the means to make a rapid transition.

    He pointed out that the NNPC, as a catalyst for national energy security, is working hard to increase the domestic use of the country's gas resources as a viable alternative to heavy fossil fuels through the aggressive delivery of all gas infrastructure projects like Ajaokuta-Kaduna-Kano (AKK), Obiafu-Obrikom-Oben (OB3) pipeline and Escravos-Lagos pipeline system expansion project (ELPS).

    The NNPC boss noted that the PIA's fiscal framework gave great support to this aspiration, adding that when completed, the projects would add an additional 8 billion cubic feet of gas to the national gas grid, thereby enabling the optimization of Nigeria's gas resources as planned in the decade of the gas initiative.

    Regarding recent concerns about the impending fuel shortage, the CEO / GMD of NNPC said the company will continue to play its role in ensuring an uninterrupted supply and distribution of petroleum products across the country.

    He confirmed that NNPC has a stockpile of over 1.7 billion liters of Premium Motor Spirit (PMS) and is expecting delivery of an additional 2.3 billion liters during this month to support supply for the Christmas season and beyond.

    NNPC GMD / CEO, Malam Mele Kyari

    Also during the week under review, the NNPC Petroleum Industry Act (PIA) Transition Committee was tasked with getting under way to ensure a seamless transformation of the organization from a company to an energy company of the NNPC. world class.

    GMD / CEO Malam Mele Kyari gave the charge on Wednesday during the committee's inauguration in the NNPC towers, noting that there was no time to waste as things were moving rapidly in the oil and gas industry from the country.

    The GMD said the grand opening was a milestone for NNPC as it grows into a global international oil company (IOC) driven by growth, profitability and performance excellence.

    He said the enactment of the PIA meant that for the first time since the Petroleum Law of 1967, the Nigerian oil and gas industry would have a legislative framework in which it would thrive and bring value to Nigerians.

    Describing the effect resulting from the implementation of the PIA as massive, Kyari said that as a company governed by the principles of the Companies and Related Affairs Act (CAMA), there would be no room for non-execution.

    He said the PIA was about reforming the National Oil Company (NOC) and that as CEO he was committed to ensuring the transition committee fulfills its mandate.

    The transition committee has 18 months to fulfill its mission.

    Meanwhile, NNPC Ltd urged the public not to engage in panic buying of petroleum products as the company had sufficient stock of products that would last through the holiday season and beyond.

    The company said it is engaging all stakeholders to ensure a smooth supply and distribution of products to all regions of the country.

    Mr. Ishaku Abdullahi, Managing Director of Petroleum Products Marketing Company (PPMC), the downstream entity of NNPC, discusses efforts to ensure seamless supply and distribution of petroleum products nationwide.