The Group Chief Executive Officer of NNPC Ltd, Mele Kyari, has revealed the national oil company’s plans to unveil 12 Compressed Natural Gas (CNG) and mini LNG plants stations to boost the existing 1.6bscf of gas supply for domestic market, within the shortest possible time.
The development, he noted, is consistent with the company’s commitment to addressing Nigeria’s energy trilemma by prioritising energy security, sustainable growth and affordable energy solutions.
Kyari disclosed these at the opening ceremony of the 42nd Nigeria Association of Petroleum Explorationists (NAPE) Annual International Conference and Exhibition themed: “Resolving the Nigeria Energy Trilemma: Energy Security, Sustainable Growth and Affordability” in Lagos, on Monday.
The GCEO, who was Special Guest of Honour at the occasion, said: “The energy trilemma is a profound responsibility we shoulder as stewards of Nigeria’s energy future. NNPC Ltd is working tirelessly to improve our supply chain, develop new refining capacities and expand our retail network,” Kyari stated.
According to him, NNPC Ltd is set to collaborate with private refineries to ensure affordable and sustainable petroleum products supply; naira-for-crude transactions in order to stabilize the local currency and regulate forex markets.
