Energy Archives

NMDPRA Goes Hard on LPG Decanting, Sanctions Loom on Defaulters

Liquefied Petroleum Gas (LPG) retailers operating in Ogun State have been cautioned to desist from breaching safety regulations, through illegal decanting practices or be ready to...

Energy3 weeks ago

Renaissance Gas Production Peaks at 2.2bcf, Eyes 3bcf by 2030

Renaissance Africa Energy Company Nigeria Ltd says it has attained a 2.2 billion cubic feet (bcf) of gas output, with an ambition to reach 3bcf by...

Energy3 weeks ago

Dangote Refinery Gets More Crude Supply From NNPC Ltd

It appears that local fuel production is in for a boost in Nigeria, with authorities increasing allocations to local refiners. In this regard, the Nigerian National...

Gas development, a major carbon reduction move - Seplat Energy

Energy3 weeks ago

Decade of Gas: Ekpo Moves for Regional Gas Development, Collaboration To unlock Africa’s vast natural gas potential and address persistent energy deficits, Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has moved for stronger regional collaboration intracontinent. This is even as Nigeria keeps pushing for Integrated Gas Market, Cross-Border Projects at the Ministerial Roundtable on Regional Gas Development and Cooperation in Africa, held in Abuja. At the event which had participation from the World Bank, Ekpo stressed that Africa’s energy future hinges not on the abundance of its resources but on collective action and coordinated strategies. Addressing ministers, development partners, and stakeholders, the minister highlighted the paradox of Africa’s energy landscape, noting that while the continent holds over 600 trillion cubic feet of proven natural gas reserves, more than 600 million people still lack access to electricity, with millions relying on traditional fuels for cooking. “This is not a question of resource availability, but one of coordination, infrastructure, and collective action,” he said. Ekpo described natural gas as a critical pathway to Africa’s self-reliance, capable of driving industrialisation, expanding energy access, and strengthening economic resilience. However, he emphasised that no single country can unlock this potential alone, underscoring regional cooperation as the cornerstone of sustainable development. He noted that Nigeria, with over 210 trillion cubic feet of gas reserves, is advancing its “Decade of Gas” initiative to position itself as a regional hub through partnerships with other African nations. He cited key cross-border projects already demonstrating the benefits of collaboration, including the West African Gas Pipeline, Trans-Sahara Gas Pipeline, Nigeria–Equatorial Guinea Gas Pipeline, and the Nigeria–Morocco Gas Pipeline. To scale up impact across the continent, Ekpo outlined four priority areas for deepened cooperation. These include the development of regional gas supply and market frameworks, with a shift from fragmented national systems to integrated markets featuring transparent pricing, aggregated demand, and efficient cross-border trade. The Minister also emphasised the need to expand gas-to-power and clean cooking initiatives to ensure that gas development translates into tangible benefits such as reliable electricity and improved living standards for citizens. On financing, the minister called for innovative, climate-aligned funding models, including blended finance structures, increased private sector participation, and stronger collaboration with international partners like the World Bank. Ekpo further stressed the importance of harmonising policy and regulatory frameworks across countries to reduce investment risks and accelerate project delivery, pointing to Nigeria’s Petroleum Industry Act as a useful reference model. He described natural gas as Africa’s “transition fuel,” serving as a practical bridge for expanding energy access, supporting industrial growth, and lowering emissions intensity, while ensuring a just and inclusive energy transition. The minister urged that the Abuja roundtable should move beyond discussions to deliver concrete outcomes, including clearly defined areas of cooperation, identification of priority bankable cross-border projects, and the establishment of institutional mechanisms to drive implementation. Reaffirming Nigeria’s commitment, Ekpo said the country stands ready to collaborate, invest, and provide leadership where necessary in building an integrated African gas market. He concluded that aligning vision, coordinating actions, and committing to shared progress would enable Africa to transform from a continent of stranded gas resources into one of integrated energy prosperity. “The future of Africa’s energy lies not in isolated pipelines, but in connected systems, shared markets, and collective ambition,” he said.

To unlock Africa’s vast natural gas potential and address persistent energy deficits, Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has moved for stronger...

NCDMB Emerges Best MDA In Ease Of Doing Business Ranking

Energy3 weeks ago

NCDMB: ESSO’s $23m LADOL Shorebase Signals Logistics Rise

The Nigerian Content Development and Monitoring Board (NCDMB) has commended ESSO Nigeria for the groundbreaking of its $23 million permanent shorebase facility at the LADOL Deep...

Energy3 weeks ago

Middle East Crisis Sparks Bigger Market Share for NLNG

Nigeria’s liquefied natural gas sector is on the brink of a significant upside as a deepening global supply crisis disrupts Middle East exports. This is the...

Energy3 weeks ago

NNPC Ltd Eyes Listing on New York, London Exchanges

As part of ongoing reforms to reshape the national oil firm to attract global investors, the Nigerian National Petroleum Company Limited (NNPC Ltd) plans to list...

Energy4 weeks ago

Chevron Inks Definitive Agreement for Aseng Gas Monetization Project in Equatorial Guinea

Noble Energy EG Ltd. (a Chevron company) with its co-venturers, and the government of Equatorial Guinea have signed agreements for the Aseng Gas Monetization Project. The...

Energy1 month ago

How Dangote Refinery Keeps Nigeria’s Petrol Prices Among World’s Lowest

Nigeria has retained one of the lowest petrol prices globally despite recent increases driven by geopolitical tensions in the Middle East, with industry data pointing to...

Energy1 month ago

NUPRC Digs Into Causes of Gas Bubbling Incident in Rivers Community

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called for calm in Bille Community, Rivers State, following reports of gas bubbling in the area, assuring residents...

Biztellers

NMDPRA Goes Hard on LPG Decanting, Sanctions Loom on Defaulters

Renaissance Gas Production Peaks at 2.2bcf, Eyes 3bcf by 2030

Dangote Refinery Gets More Crude Supply From NNPC Ltd

NCDMB: ESSO’s $23m LADOL Shorebase Signals Logistics Rise

Middle East Crisis Sparks Bigger Market Share for NLNG

NNPC Ltd Eyes Listing on New York, London Exchanges

Chevron Inks Definitive Agreement for Aseng Gas Monetization Project in Equatorial Guinea

How Dangote Refinery Keeps Nigeria’s Petrol Prices Among World’s Lowest

NUPRC Digs Into Causes of Gas Bubbling Incident in Rivers Community

Political Earthquake Brewing? Peter Obi, Bala Mohammed in Closed-Door Talks

JUST IN: Nigeria’s Debt Profile Set to Rise as Tinubu Requests Fresh $516m Foreign Loan

Shock as Court Rejects El-Rufai’s Bail Application, Orders Continued Detention

JUST IN: Senate Grills Tinubu’s Ministerial Nominee Darma in Heated Screening Session

Gunmen Kill Two, One Missing as Fresh Attack Hits Plateau Community

Highway Horror Averted as Police Arrest Three Suspected Armed Robbers in Oyo

Trump’s Family Unveils New Cryptocurrency Platform

Senate Denies Receiving Petitions Against Tinubu’s Ambassadorial Nominees

Dangote Cement Lights Up Benue Host Communities With CSR Initiatives

Reps Recommend 3-year Jail Term For Aviation minister

Tems Sets New Record On Billboard Hot 100 Chart

Adeleke Hosts Ife Dev’t Board, Moots Better Infrastructure For Ile Ife