FFrom Asia to the United States, India, Turkey, Qatar, Spain and Portugal, Nigeria’s drive to forge international energy partnerships is boundless. The NOG Conference and Expo, to be held July 4-7, 2022 in Abuja, is Nigeria’s premier energy conference and will examine Nigeria’s positioning in the changing global energy landscape, with a focus on financing and emerging opportunities to transform its energy industry.
This has become imperative as the world walks the fragile tightrope of the ‘new different reality’ of the global energy system, Africa, and in particular its largest economy, Nigeria, has been hit hard but also finds itself at a crossroads of immense potential.
Since the start of the Ukraine crisis, the global economy has been significantly disrupted, leading to soaring inflation and a potential food crisis, especially in emerging economies like Nigeria. As global markets saw an oil price spike of over $100 a barrel, Nigeria’s oil and gas sector was unable to increase its reserves – in fact, that loss was compounded by a low oil production hovering around 1.2 million bpd.
In line with this position, the theme of the twenty-first edition of the NOG Conference and Expo is “Financing the Nigerian Energy Mix for Sustainable Economic Growth” will focus on strategies that will be employed by Nigerian government and private sector leaders. to navigate the emerging energy business environment – helping to set the national energy agenda for the next 12 months.
One of the main opportunities for Nigeria in this dynamic is to expand its gas supply and energy cooperation with the world. The EU, which derives a substantial percentage of its oil and gas from Russia, is seeking alternative energy sources. With Nigeria already supplying France, Portugal, Spain and Belgium, it is on the radar to supply other EU countries as well, especially as the country is currently scrambling to shift its gas reserves from 206 trillion cubic feet to 600 trillion cubic feet.
However, to be able to respond fully to EU demand, Nigeria needs to develop its infrastructure and increase its investments. This is at the heart of the various discussions and debates that will take place at the NOG Conference & Exhibition.
Among the participating dignitaries are HE Timipre Sylva, Minister of Petroleum Resources, HE Otunba Niyi Adebayo, Minister of Industry, Trade and Investment and HE Mohammad Sanusi Barkindo, Secretary General of OPEC.
Industry leaders include Senator Margery Chuba Okadigbo, Chairman of the Board, NNPC, Mele Kolo Kyari, Group Managing Director, NNPC, Richard Kennedy, Chairman and Managing Director, Chevron Nigeria/Mid-Africa Business Unit and Chairman, OPTS, Mike Sangster, Managing Director and Managing Director, TotalEnergies EP Nigeria Limited, Richard Laing, Chairman and Managing Director, ExxonMobil Affiliate Companies in Nigeria, Osagie Okunbor, Managing Director, The Shell Petroleum Development Company of Nigeria Limited and National Chairman, Shell Companies in Nigeria, Elohor Aiboni, Managing Director, Shell Nigeria’s Exploration and Production Company Limited and Philip Mshelbila, Managing Director and Chief Executive Officer, Nigeria LNG.
2022 sponsors include NNPC, ExxonMobil, Nigeria LNG, Shell, Chevron, TotalEnergies, Oando, IPPG, NUPRC, NCDMB, Prime Atlantic, DCPL, Coleman Cables, UTM Offshore, First E&P, ND Western, Samsung Heavy Industries Nigeria, Montego, Nivafer, RusselSmith, Vurin Group, MG Vowgas Group, West African Ventures, MicCom Cables, Niger Delta E&P, Eleva Group, Heritage Group, Seplat Energy, Banwo & Ighodalo.
Various industry players have named NOG as one of the key energy sector events in Nigeria for the strategic business planning and decision-making process and look forward to the conversations that will shape the country’s energy agenda. for the next 12 months and beyond.