The Managing Director (MD), Chief Executive Officer (CEO), Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari has stated that the company is determined to work with stakeholders in the gas sector to provide the spark that will ignite the full development of the sector.
He made the promise in an address at the unveiling of the Gas Aggregation Company of Nigeria (GACN) new logo and identity in Abuja on Tuesday.
He said, “We will deliver gas into the domestic market to create that spark that our country needs to create the revolution that everybody is waiting for. To bring the recognition that we are a gas country with associated oil, now we are ready for business.
“And this business means that we have to create the infrastructure that will deliver gas to the domestic market. We have to create the market. That can only happen if there is appropriate pricing for gas.
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“We will not enjoy anything unless we have the right pricing of gas, so that people can pay their bills, they will be able to pay for the gas they take and then we are also able to produce the gas that comes into the market.”
In his address, Minister of Petroleum Resources (Gas), Ekperikpo Ekpo said, “The rebranding and expansion of GACN’s mandate symbolises a transformative state towards actualising the federal government of Nigeria’s ambitious vision for gas penetration nationwide in line with the already existing and legal policies to create a thriving domestic gas sector that will contribute to national development.
Speaking, the CEO, Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engineer Farouk Ahmed said, the company was given a license by the agency to operate an expanded mandate in the domestic gas sector.
He said “The Domestic Gas Aggregation licence as provided for in the PIA underscores the focus and priority attention placed on the domestic gas market space.
“It is expected that this will stimulate vibrancy and efficiency and spur additional investments into the natural gas value chain in the country.”
On his part, the Managing Director (MD), GACN, Chijioke Uzoho said, “We have transformed from Gas Aggregation Company Nigeria Limited to ‘Gas Aggregation Company Nigeria Limited by Guarantee’. This signifies strategic transformation, expanding the company’s growth beyond just aggregating a comprehensive platform actively engaged in consolidating diverse resources, ideas and leadership players within the energy sector”.
