• Saturday, June 15, 2024
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Lokpobiri, Ekpo, others to speak at 23rd Annual NOG Energy Week

Lokpobiri others

Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), and Ekperikpe Ekpo, the Minister of State for Petroleum Resources (Gas), will be addressing the 23rd NOG Energy Week 2024, scheduled for June 30 to July 4, 2024, at the International Conference Centre (ICC), Abuja.

The NOG Energy Week, themed ‘Showcasing Opportunities, Driving Investment. Meeting Energy Demand’ will explore emerging business contingencies, sharing a common goal with the President’s directive to build systems that will eliminate investment barriers in Nigeria’s energy sector.

Following the executive order by President Bola Ahmed Tinubu, it is thought this will shed light on the government’s strategies for strengthening Nigeria’s energy sector, particularly regarding fiscal incentives for non-associated gas, midstream, and deepwater developments, which offers promising opportunities for the development of gas resources in Nigeria.

Read also: NOG Energy Week 2024: West African countries seen harnessing gas for industrialisation

As a major contributor to Africa’s oil and gas potential, Nigeria has substantial natural gas reserves, ranking as the ninth largest in the world.

According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced that Nigeria’s gas reserves currently stand at 208 trillion cubic feet, with the potential to increase production to more than 5 billion cubic feet per day.

Speaking at a retreat organised to create the roadmap for achieving the targets set by President Tinubu, Ekpo stated that “ensuring the widespread penetration of gas nationwide is essential to realising its full potential as a transition fuel.

Read also: Oil industry projects worth $50bn highlighted at NOGOF 2023

“This entails not only increasing domestic gas production but also promoting the adoption of gas as a cleaner alternative for power generation, industrial processes, transportation, and household use.

“Initiatives such as the ‘Decade of Gas Initiative’ are instrumental in driving gas utilisation across various sectors through targeted interventions, infrastructure development, and policy incentives.”

NOG Energy Week 2024 will feature various presentations, panel discussions, and networking sessions on funding projects, the significance of natural gas, increasing oil and gas production, as well as strategies to overcome challenges in the industry overall for economic growth.

Read also: Higher oil price seen easing rising oil loan pressure

Wemimo Oyelana, the Portfolio Director, DMG Events (Organizers of the annual event) listed the expected government officials and industry leaders at NOG Energy Week 2024 as follows: Gbenga Komolafe, Chief Executive of the NUPRC, Farouk Ahmed; Chief Executive, Nigerian Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed; Mele Kolo Kyari, Group Chief Executive Officer, NNPC Limited; Managing Director, Elohor Aiboni, Shell Nigeria’s Exploration and Production Company Limited, and Philip Mshelbila.

Others are Managing Director and Chief Executive Officer, ND Western, Eberechukwu Oji; Ernest Azudialu-Obiejesi, Chairman, Nestoil Limited; Adewale Tinubu, Group Chief Executive, Oando PLC; Julius Rone, Group Managing Director, UTM FLNG Limited and Group Chief Executive Officer, PANA Holdings, Daere Akobo, among others.