With incredible potential for gas-to-power, LNG and downstream diversification to power Nigeria’s economy in the long-term, the first-ever Nigeria Oil, Gas & Power (NOGP) Conference & Exhibition, held in Lagos on 26-27 October 2021, will focus on the path forward for Africa’s largest economy post COVID-19 — with an emphasis on gas monetization and power generation.

“As the largest holder of proven natural gas reserves in Africa, and the ninth-largest holder in the world, Nigeria has an incredible role to play in the development and monetization of natural gas on the entire African continent,” said James Chester, Acting CEO of Africa Oil & Power. “Despite these incredible gas reserves, however, Nigeria has long struggled to harness its gas potential, with consistent flaring and underdeveloped reserves. With 55 percent of Nigerians lacking access to electricity, the time to get serious about gas-to-power is now.”

Following the Year of Gas in Nigeria, NOGP 2021 will bring gas and power generation to the forefront of the conversation as a solution for economic development and diversification, job creation and building a sustainable future for all Africans. The conference will also highlight the marginal fields licensing round held in 2020, bringing new entrants to the market to the table. As indigenous companies and internationals alike seek financing and survival strategies to combat low oil prices and economic fallout, making deals will be crucial for 2021.

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Source: OilnewsKenya