Yemisi Izuora
The Nigerian National Petroleum Company Limited, NNPCL, is encouraging investment in gas production exerting energy on fresh drive to maximize potentials of the resources.
The NNPCL’s Chief Upstream Investment Officer, Bala Wunti, who spoke in Houston during the week said that the company will leverage Nigeria’s natural gas resources to alleviate energy poverty in the country.
With over 200 trillion cubic feet (tcf) of proven natural gas resources – and exploration campaigns set to unlock further prospects, bringing this figure up to 600 tcf Nigeria is well-positioned to use its natural gas to catalyze electrification and industrialization.
According to Wunti, through the utilization of natural gas, the country will be able to improve access to clean, affordable and reliable energy, thereby alleviating energy poverty and scaling up national energy security.
With the NNPCL, recently undergoing a restructuring transitioning from a government corporation into a private company the organization is better positioned to accelerate investment and development across the Nigerian gas industry.
On this note, Wunti, commented that the NNPC will leverage the quality of its resources, geographic advantage and years of industry experience to transition from energy deficiency to sufficiency, all while supporting the global push for sustainable energy.
