Site icon Naijaonpoint.com.ng

NLNG Tasks NNPC on Deliberate Investment for Gas Sector

oil and gas sector

The Nigeria Liquefied Natural Gas Limited (NLNG) has called on the Nigerian National Petroleum Company (NNPC) Limited to promote deliberate investment in the gas sector to stabilise supply and sustain country’s economic growth.

According to the Managing Director of NLNG, Mr Philip Mshelbila, the recent challenges in the energy sector required coordinated efforts and strategic investment to sustain growth and achieve Nigeria’s energy goals.

“There is an urgent need for deliberate investment in the gas sector to stabilise supply, de-risk critical infrastructure, and unlock upstream investments.

“These efforts will be essential to sustaining momentum of growth, deepening value delivery, and exploring future opportunities,” he reportedly said while receiving the chief executive of the NNPC, Mr Bayo Ojulari, at the company’s plant on Bonny Island recently.

In a statement signed by the organisation’s Manager of Corporate Communication and Public Affairs, Mrs Anne-Marie Palmer-Ikuku, Mr Mshelbila said that increased funding in the sector would strengthen investor confidence, improve Nigeria’s competitiveness in global energy market, and position NLNG to deliver steady gas output.

He also underscored the importance of synergy among stakeholders in achieving national energy objectives, describing NNPC as a dependable shareholder committed to the growth and development of NLNG and the wider gas value chain.

In his remarks, Mr Ojulari expressed support for NLNG’s growth and long-term sustainability agenda, reaffirming the company’s strategic role in advancing energy transition, economic stability, and industrial development.

“NLNG remains a beacon of governance, performance, transparency, and sustainability in Nigeria’s energy sector,” he said, noting that the visit provided an opportunity to engage with the NLNG team, assess operational progress, and identify areas for improvement to enhance plant availability and boost national revenue.

He disclosed plans for a dynamic Gas Master Plan and potential hydrogen collaborations with NLNG, in line with Nigeria’s net-zero emission target.

The NNPC boss later toured key operational areas of the NLNG plant, including the main complex and the Train 7 construction site, which is expected to significantly increase the company’s production capacity.

Exit mobile version