Key Excerpts From The UAE Energy Forum By The GMD Mallam Mele Kolo Kyari

“As we navigate through the COVID19 pandemic, NNPC will continue to focus on increasing gas production, deepening the domestic utilization of gas, increasing our capacity to export gas and investing in our non-oil and gas businesses.”

“Africa needs to take advantage of the opportunities that exist and invest in Africa to grow capacity.”

“Our biggest takeaways from the COVID19 Pandemic are in three-fold:

1) Going forward, the market balance will be driven by demand and not supply. We have to do what we can to bring back the demand that was destroyed by the pandemic.

2) Peak oil demand is still years away, investment is therefore required to meet Nigeria and Africa’s energy needs.

3) Gas and renewable energy will continue to increase in their contribution to the global energy mix.

Africa needs to take advantage of the opportunities that exist and invest in Africa to grow capacity.”

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