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As global calls for transition to cleaner energy fuels continue to grow, the Group Chief Executive Officer of Nigerian National Petroleum Company Limited Ltd. Mele Kyari has said the Final Investment Decision on the $25bn Nigeria-Morocco Gas Pipeline project will be taken in December 2024.Kyari revealed this while speaking during a Leadership Dialogue Session at the ongoing CERAWeek Conference in Houston, United States on Tuesday.
He argued that energy transition is a very difficult subject for countries, especially in sub-Saharan Africa because geographically, the situations are different as a number of the countries are dealing with energy availability, not transition, and energy availability is closely linked to energy security.“The world has seen all the challenges thrown up recently by geopolitical events.
He said today, NNPC Ltd’s focus is to build its capacity to deliver gas to the domestic market and beyond.He said as a gas-endowed country, Nigeria must utilise its abundant gas resources to provide the alternative fuel that it needs. He observed that the Petroleum Industry Act 202, has reformed Nigeria’s oil and gas industry, by ensuring that the NNPC Ltd emerged as a fully commercial entity, that is not only accountable and responsible to its shareholders, but also one that is on the pathway of getting quoted on the stock exchange.
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