Skip to player
Skip to main content
Skip to footer
Search
Connect
Watch fullscreen
Like
Comments
Bookmark
Share
Add to Playlist
Report
NOG ENERGY WEEK: Emeka Ene talks about the new NNPCL and the gas commercialization programme
Guardian Nigeria
Follow
7/2/2025
Category
đź—ž
News
Transcript
Display full video transcript
00:00
Looking at the NOG 2025, what are your expectations?
00:04
What do you see that is different from what we have seen in the previous year?
00:08
We come to have conversation every year and not it seems to be changing.
00:11
What is your take on this?
00:13
I think it's a great platform for the conversation to start in the industry.
00:17
For the first time, we have a management team at the NMPC that is professional and technical.
00:22
We've had the recent changes where independents have taken over what was traditional in an IOC space.
00:30
We've had the service companies that have made a foray into the rest of Africa.
00:35
All these three are coming together at a time when the geopolitical environment is so unstable
00:40
and therefore people are trying to chat away what role will gas play in this present dispensation.
00:47
So this platform, NOG, has provided that energy for change, that drive for change.
00:53
And I think that is what is going to happen.
00:55
It's going to create a momentum that goes beyond just the conference.
00:59
Yes, so one primary conversation we have heard so much about this money is in the area of gas.
01:04
You are doing a lot in the aspect of gas, particularly in terms of turning the gas with flair into money
01:10
and economic value for the country.
01:12
How long are you going with your gas commercialization program?
01:15
Yeah, well, it's interesting because it's turning upside down the gas infrastructure build out.
01:23
Typically, gas products take a long time to gestate and you start from the market, come back to the feedstock.
01:29
In this particular case, Nigeria is already flaring more than 140 flair sites across the Niger Delta.
01:35
Gathering them requires a lot of infrastructure.
01:37
So the solution is to create solutions, modularized solutions that can go to the gas sources to monetize that source.
01:44
And the market demand has been increasing because there is a value proposition.
01:48
Gas is cheaper to run your equipment, your transportation on gas than it is if you are doing traditional fuels.
01:55
So that mix has created momentum in within the gas monetization space.
02:02
What is missing is cross-functional partnerships between the traditional operators, the network owner, network operators, NGIC, and a lot,
02:11
and private sector capital, attracting private sector capital to build on the national infrastructure.
02:17
Spore lines, monetization projects, the growth of gas-based industries are so critical to reducing imports.
02:24
Because even though we are a major gas producer, we still import a lot of what we do, methanol and so on and so forth,
02:31
creating the impacts on agriculture through fertilizers and all of that,
02:36
and even utilizing and leveraging the steel industry, right, and of course the power industry traditionally.
02:42
So gas is so crucial.
02:43
And I think the low-hanging fruit is the associated gas that is being flared across the country.
02:50
But big projects are coming up, floating LNG projects, that will make it work ultimately.
02:57
Yeah, but for me as a journalist, I don't see the speed of this transformation happening as it should happen.
03:02
Let's take the CNG option, for instance, as an example.
03:06
Most people have converted their car to run on CNG, but when you go across most of the stations,
03:11
there's still no gas for most of those people to buy.
03:14
The demand far outweighs the supply we're seeing.
03:17
So what are the options, what are the quick solutions, quick wins, like you mentioned,
03:23
that we can find to unlock some of these problems?
03:25
So the quick wins remain modularized solutions that take gas to market as quickly as possible.
03:30
It is good that it's a demand-driven market as opposed to a supply-driven market.
03:36
And what has happened now is that the demand-driven market is going to suck in investments into creating that thing.
03:42
And you've seen that happen already with micro-LNG plants growing up in Ajokuta.
03:46
Five of them are being built at the same time.
03:50
With CNG hubs popping up in different parts of the country, it's going to take some time.
03:55
But because it's private sector-driven capital, there's an urgency,
03:58
there's a hunger to get to market and start to monetize and create a business out of it.
04:04
So I would think in the next 12 months, we're going to start seeing a lot of progress taking place.
04:10
And it's a very interesting time to live in, really, because people have been talking about gas for decades.
04:16
But this is the opportunity now to marry the market with the solution in a way that makes sense.
04:22
Thank you very much.
Recommended
10:33
|
Up next
80 Meter High Tsunami Hit The Hotel Lodges But The Whole Family Survives Norwegian Movie The Wave
Rapid Films
2/8/2024
3:59
Invisible Girl Uses Her Power To Rob The Bank Along With Her Super Family | Russian Movies
Rapid Films
12/18/2023
4:46
All The Tesla Car Are Hacked In The City Of New York To Force Crashes | Julia Roberts Movies
Rapid Films
12/17/2023
28:30
Anasuya Ramalingam Webseries __ Episode - 5 __ Soniya Singh __ Pavan Sidhu || S world trending video
S world trending video
7/28/2021
2:53
B Com Lo Physics Movie New Trailer Meghana Chowdary Trending Today
S world trending video
7/27/2021
9:59
UNEXPECTED Animal ATTACKS
S world trending video
7/26/2021
3:04
Ellen Degeneres - Before They Were Famous
Before They Were Famous
9/7/2017
9:33
LISA ANN - AFTER They Were Famous
Before They Were Famous
8/1/2017
10:29
PABLO ESCOBAR - Before They Were DEAD - NARCOS
Before They Were Famous
8/1/2017
23:07
ADC Coalition: Can it break APC - PDP dominance in 2027
Guardian Nigeria
yesterday
9:00
Pension protest in Abuja: Retired police officers demand better welfare
Guardian Nigeria
yesterday
3:10
Osun PDP caucus endorses Tinubu for 2027, but asks Adeleke to stay in party
Guardian Nigeria
2 days ago
2:48
No court order on Akpoti-Uduaghan’s recall, Senate insists and more stories
Guardian Nigeria
3 days ago
4:22
WAFCON 2024 semi-finals: Super Falcon takes on South Africa in Battle of champions | The Nutmeg
Guardian Nigeria
3 days ago
2:53
11 amazing salt tricks besides cooking
Guardian Nigeria
3 days ago
6:51
Constitutional Summit 2025: Inside Nigeria's push for a new constitution
Guardian Nigeria
3 days ago
6:13
Buhari's laws: Bold on paper, broken in practice
Guardian Nigeria
5 days ago
3:04
New U.S. visa policy for Nigerians explained
Guardian Nigeria
6 days ago
12:40
Tinubu renames University of Maiduguri after Buhari
Guardian Nigeria
6 days ago
11:01
Does Thomas Partey still have a future in football? | The Nutmeg
Guardian Nigeria
7/17/2025
10:52
Moss Uromtah talks about how to use digital tools to thrive in a digital world
Guardian Nigeria
7/17/2025
3:28
Buhari to be buried in Katsina on Tuesday and more stories
Guardian Nigeria
7/14/2025
13:47
World IVF Day 2025: Breaking the silence of fertility struggles
Guardian Nigeria
7/14/2025
6:55
Neglected roads: Have Ogun-Lagos border communities been abandoned by the government?
Guardian Nigeria
7/14/2025
4:25
Lagos Local Government Election: Low turnout, rising concerns
Guardian Nigeria
7/14/2025