Business

May 8, 2024

Energy stakeholders brainstorm on W/Africa energy demand at NOG 2024

clean energy

clean energy

By Mariam Eko

Stakeholders in the energy sector, including regulators and key industry players are set to convene and proffer solutions aimed to drive progress in Sub-Saharan Africa’s energy market at the NOG Energy week 2024.

The event, which is scheduled to last for five days from 30th June to 4th of July, 2024, will be held at the International Conference Centre, ICC, Abuja with the theme, “Showcasing Opportunities, Driving Investment, Meeting Energy Demand”.

In a press statement, the Country Director and Portfolio Director, Africa for the events, Mr. Wemimo Oyelana, who also doubles as the event organizer, stated: “Many African countries are harnessing gas and other cleaner and greener energies to drive their industrialisation journey.

“African countries including Ghana and Nigeria are investing in gas infrastructure and promoting its utilisation, and by extension are addressing energy poverty and environmental challenges”.

He further noted that the Minister of Energy for Ghana, Dr. Matthew Opoku Prempeh, has confirmed his participation in the NOG Energy Week, adding that this will amplify the need for competitive financing to propel natural gas projects.

He added: “Nigeria, boasting gas reserves of over 200TCF, recently announced plans to execute a gas strategy that will trigger the nation’s industrialisation and economic growth”.

Nigerian National Petroleum Company Limited, NNPCL, Executive Vice President for Upstream, Mr. Oritsemeyiwa Eyesan, shared the organization’s plan to deepen domestic gas utilisation for power generation in a bid to support the manufacturing sector.

“To transform the energy sector in West Africa, leveraging natural gas to drive economic growth and development is key. Gas for industrialisation contributes to increasing energy transition progress across the region”.

Speaking on what stakeholders should expect at the NOG Energy week 2024, Oyelana, said: “Our commitment for almost 25 years has been to provide a platform where industry leaders can have frank conversations that proffer solutions to the different challenges the industry is facing. “NOG Energy Week has contributed significantly to key policy development & implementation over the years. We look forward to having industry stakeholders discuss pertinent issues including: attracting international and regional funding into Nigeria’s energy sector, optimising the significance of natural gas as the fuel of choice, and driving industrialisation as a catalyst for economic growth,” he added.