Some gas stakeholders have advocated the adoption of technologies and access to finance to spur infrastructural development and gas delivery in the country.

The stakeholders spoke on Thursday in Abuja at the ongoing seventh Edition of the Nigeria International Energy Summit (NIES 2024).

The session aimed to convey a sense of collaboration, global perspectives and sustainability within a decade of gas as it affects gas in power, pipelines and LNG terminals, among others.

During the session, Emeka Okwuosa, chairman of Oilserv Limited, said financial fundamentals and technological access were imperative to infrastructural development.

According to him, Oilserv has been in Nigeria’s vanguard of oil and gas projects and is an active player in the gas transmission and distribution network.

Mr Okwuosa said, “Nigeria does not exist separate from the global environment. We must realise that we are intensely competing with every other country on adoption of technology and access to finance.”

He emphasised the need to build local and international partnerships, considering the technology needed to build the desired infrastructure.

Effiong Okong of Seplat Energy said enhanced technology for decarbonisation became necessary given the growing population and its forecast, which was projected to have 400 million people by 2050.

He said the demand for gas was massive, adding that major gas growth would come from Egypt, Mozambique and Nigeria.

Mr Okong emphasised the need to spur infrastructural development across the country’s gas pipeline project corridor for gas penetration. 

He added that Seplat, operating in the upstream and midstream space, is looking at investment in the downstream sector.

According to Daere Akobo, chairman of Pana Holdings Limited, a nation cannot be developed without technology; excess technology that provides wealth is deployed.

Mr Akobo also advocated deploying advanced technology for more oil production and closing infrastructural gaps. 

He lauded the chief executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, on introducing a new metering policy for dispute resolution and others. 

(NAN)