Kyari says NNPCL ‘part-owners of Dangote Refinery, we can’t sabotage local refining capacities’

• Group CEO outlines vision for Nigeria’s Energy Future
• 12 CNG Stations to be unveiled soon

Group Chief Executive Officer of NNPC Ltd, Mele Kyari, has reiterated the company’s commitment to resolving Nigeria’s energy trilemma, by ensuring energy security, sustainable growth and energy affordability.

Kyari disclosed this 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.

Kyari, who was Special Guest of Honour at the occasion, also said the company has perfected plans to deliver 12 Compressed Natural Gas (CNG) Mother Stations and Mini LNG Plants soon, as part of efforts to boost the existing 1.6bscf of gas supply for domestic market.

“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.

He disclosed that NNPC Ltd is set to collaborate with private refineries to ensure affordable and sustainable petroleum products supply; Naira-for-crude transactions in order to stabilise the local currency and regulate forex markets.

The GCEO stated further that this will bring about expansion of gas infrastructure such as the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and the Obiafu-Obrikom-Oben (OB3) Gas Pipelines projects and the development of cleaner energy options, such as Liquiefied Natural Gas (LNG) and Compressed Natural Gas (CNG).

“Currently, NNPC Ltd supplies over 1.6 billion standard cubic feet (bscf) of gas per day to the domestic market through infrastructure we either own outright or operate with partners. This distribution network is entirely managed on NNPC Ltd.’s balance sheet,” Kyari added.

He highlighted that the company is expanding its efforts to enhance domestic energy access, noting that the next 3-6 months will see significant project launches, including CNG mother stations, mini-LNG plants, and additional CNG daughter stations.

The NNPC Ltd helmsman, who commended President Bola Tinubu’s efforts to relieve forex pressures by reducing fuel imports and strengthening Nigeria’s local refining capacity, harped on the need for collaboration, innovation, and technology in achieving Nigeria’s energy goals.

According to him, “Resolving the energy trilemma requires bold ideas, shared knowledge and collective determination. Together, let us build a Nigeria where energy is secure, sustainable, and affordable for all.”

Speaking on NNPC Ltd’s mandate to guarantee energy security as stipulated by the Petroleum Industry Act, Kyari revealed that the company has fostered partnerships and investments aimed at enhancing local production and generating revenue for economic diversification.

Reacting to claims that NNPC Ltd is sabotaging efforts of domestic refineries, Kyari said the NNPC Ltd is part-owners of the Dangote Refinery, stressing that such investment is a strategic move aimed at strengthening domestic fuel supply.