NNPC commits to African Energy Week, as Sylva leads strong delegation in Cape Town

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Nigeria is set to enhance its position as one of Africa’s top oil and gas producers at African Energy Week (AEW) 2021 in Cape Town.

With a strong delegation led by H.E. Minister Chief Timipre Sylva, the country will not only contribute towards, but drive the conversation on oil, gas, and exploration.

Also amongst the delegation Group Managing Director of Nigerian National Petroleum Corporation (NNPC), is Mele Kyari.

Taking the lead in post-Petroleum Industry Bill (PIB) dialogue in Cape Town, and promoting the role of local service companies, oil and gas exploration, and an enabling environment, Mele Kyari is committed to Nigeria’s accelerated energy sector growth.

The corporation will share insights, promote projects, and emphasize the role that NOCs have and continue to play in Africa’s energy future.

Meanwhile, with the country’s, Executive Chairman of the African Energy Chamber (AEC), NJ Anyuk said, ‘Decade of Gas’ initiative that aims to bolster gas development, implemented in conjunction with the National Gas Expansion Program, the NNPC has renewed its focus on accelerated natural gas development.

“The corporation’s vision is to establish Nigeria as the leading Liquified Natural Gas (LNG) producing nation in the world, and therefore, the NNPC is enhancing natural gas project developments. Projects such as the $20 billion Ogidigben Gas Revolution Industrial Park; the $13.5 billion project integrated Zabazaba and Etan development; and the $10 billion Nigeria LNG Train 7 project are driving natural gas monetization in Nigeria.

“Additionally, pipeline projects such as the 614km Ajaokuta-Kaduna-Kano pipeline, the 1,300km Trans Niger Gas Pipeline, and the 681km West African Gas Pipeline all position the country as a regional gas exporter. By promoting Nigeria’s natural gas potential, emerging projects and investment opportunities, Kyari is committed to accelerating development.

“Mele Kyari coming to AEW 2021 in Cape Town will not only spark a critical discussion on Nigerian oil and gas, but will ensure local content, an enabling environment, and the need for market-driven policies comprise top of the agenda.

“The NNPC represents one of the top NOCs in Africa, and by coming to Cape Town, the corporation will share insights, promote projects, and emphasize the role that NOCs have and continue to play in Africa’s energy future. We are proud to host such a strong Nigerian delegation in Cape Town, led by H.E. Minister Chief Timipre Sylva and Mele Kyari, and are excited to see deals being made, partnerships formed, and transactions confirmed that will drive Africa’s energy growth.”

NNPC has placed local content at the center of the corporation’s activities, ensuring local service companies, Nigerian communities, and the Nigerian private sector play an active role in Nigeria’s energy development. The corporation is committed to facilitating capacity building and human capital development, emphasizing energy sector growth as a catalyst for wider socio-economic development. In Cape Town, Kyari will not only promote Nigeria’s local capacity, but will emphasize the value of local content in Africa’s energy future.

With the recent passing of the PIB, Nigeria has not only created an enabling environment for investment, with tax and royalty reductions coupled with transparent legislature paving the way for an influx of foreign capital in the sector, but has completing reformed the NNPC, ensuring transparency and productivity is at the forefront of the corporation’s activities. Dividing the NNPC into three separate entities, the PIB has enhanced the corporation’s capacity, transparency, and efficiency. At AEW 2021 in Cape Town, Kyari will provide further insight into post-PIB opportunities, with the NNPC playing a proactive role.

AEW 2021, in partnership with South Africa’s Department of Mineral Resources and Energy DMRE, is the AEC’s annual conference, exhibition and networking event. AEW 2021 unites African energy stakeholders with investors and international partners to drive industry growth and development and promote Africa as the destination for energy investments.