Oil & gas ministers to unveil strategies for growth at NOG
Following the Executive Order by President Bola Ahmed Tinubu, the Ministers of State for Petroleum Resources (Oil) and that of Gas will be delivering the ministerial addresses at the 23rd annual NOG Energy Week 2024 to shed light on the government’s strategies for strengthening Nigeria’s energy sector. The Presidential Executive Order, particularly regarding fiscal incentives […]
president bola tinubu
Following the Executive Order by President Bola Ahmed Tinubu, the Ministers of State for Petroleum Resources (Oil) and that of Gas will be delivering the ministerial addresses at the 23rd annual NOG Energy Week 2024 to shed light on the government’s strategies for strengthening Nigeria’s energy sector.
The Presidential Executive Order, particularly regarding fiscal incentives for non-associated gas, midstream, and deepwater developments, offers promising opportunities for the development of gas resources in the country.
Historically, industry stakeholders at NOG Energy Week have stressed the need for clearer policy direction for non-associated gas exploration and production.
The executive order addresses the much-needed policy direction that will enable stakeholders to make informed decisions for funding, advance gas activities, and infrastructure development.
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Speaking at a retreat which was organised to create the roadmap for achieving the targets set by President Tinubu, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo said, “Ensuring the widespread penetration of gas nationwide is essential to realising its full potential as a transition fuel.
“This entails not only increasing domestic gas production but also promoting the adoption of gas as a cleaner alternative for power generation, industrial processes, transportation, and household use.”
Themed ‘Showcasing Opportunities. Driving Investment. Meeting Energy Demand’, NOG Energy Week will focus on unique opportunities to transform the industry through robust legislation, technology and innovation, in-country capacity development, and actualising energy sufficiency targets.
NOG Energy Week 2024 is scheduled to take place from June 30 – July 4, 2024, at the International Conference Centre (ICC), Abuja.