Oil Industry Stakeholders to Brainstorm on Energy Demand at NOG 2024

To drive progress in Sub-Saharan Africa’s energy market, energy stakeholders, government officials, regulators, and key industry players will be convening in Abuja at the NOG Energy Week 2024 to deliberate on policies aimed at meeting West Africa’s energy demand amid transition debates and pressures.

According to the event producers, DMG Events, the forum scheduled to take place in Abuja is centred on the themed: “Showcasing Opportunities, Driving Investment, Meeting Energy Demand.”

In a statement issued at a media parley ahead of the Energy Week, Country Director, Nigeria & Portfolio Director, Africa, dmg Events, Wemimo Oyelana, pointed out that many African countries were harnessing gas and other cleaner and greener energies to drive their industrialisation journey.

Oyelana said African countries including Ghana and Nigeria were investing in gas infrastructure and promoting its utilisation, and by extension, were addressing energy poverty and environmental challenges.

Otelana stated that the Minister of Energy in Ghana, Dr. Matthew Prempeh, who had confirmed his participation at the event, had at another summit in Abuja earlier in the year amplified the need for competitive financing to propel natural gas projects. 

Oyelana recalled that Nigeria, which boasts of gas reserves of over 200 trillion cubic feet (TCF), recently announced plans to execute a gas strategy that would  trigger the nation’s industrialisation and economic growth.

The statement also quoted the Executive Vice President (Upstream), Nigerian National Petroleum Company Limited (NNPCL), Mrs Oritsemeyiwa Eyesan, to have shared the organisation’s plans to deepen domestic gas utilisation for power generation, in a bid to support the manufacturing sector.

To transform the energy sector in West Africa, the statement pointed out that leveraging natural gas to drive economic growth and development was key, stressing that gas for industrialisation contributes to increasing energy transition progress across the region.

From revitalising key industries to fostering innovation, the NOG Energy Week organisers said the strategic focus on gas underscores a commitment to propel West Africa towards a future built on energy security and economic resilience.

It maintained that through the Decade of Gas Initiative by the Nigerian government, industry leaders had continually conveyed a collaborative approach aimed at unlocking the country’s energy resources