Bala Wunti, Chief Upstream Investment Officer at the Nigerian National Petroleum Corporation (NNPC), stated in Houston this week that the company will leverage Nigeria’s natural gas resources to alleviate energy poverty in the country.
With over 200 trillion cubic feet (tcf) of proven natural gas resources – and exploration campaigns set to unlock further prospects, bringing this figure up to 600 tcf – Nigeria is well-positioned to use its natural gas to catalyze electrification and industrialization.
According to Wunti, through the utilization of natural gas, the country will be able to improve access to clean, affordable and reliable energy, thereby alleviating energy poverty and scaling up national energy security.
With the NNPC recently undergoing a restructuring – transitioning from a government corporation into a private company – the organization is better positioned to accelerate investment and development across the Nigerian gas industry. On this note, Wunti commented that the NNPC will leverage the quality of its resources, geographic advantage and years of industry experience to transition from energy deficiency to sufficiency, all while supporting the global push for sustainable energy.
