The Nigeria LNG Limited (NLNG) has so far spent about $200m on Corporate Social Responsibility (CSR) programmes as part of measures to help build the nation.
Speaking on Wednesday in Lagos at the 2021 Society of Petroleum Engineers (SPE) Nigeria Annual International Conference and Exhibition (NAICE), Managing Director, NLNG, Tony Attah said the company continued to steer Nigeria toward energy transition, through the development of its abundant gas resources.
Attah explained that the NLNG also paid $13 billion to the Nigerian National Petroleum Corporation (NNPC) for feed-gas purchase and $16 billion in dividends to the Federal Government.
Attah spoke on the topic: ‘The Future of Energy: Integrating Public Health into Climate Change Policy and Planning’.
He noted that the world population would rise to 10 billion by 2040, which would lead to a 30 percent increase in global energy demand.
He said the push for cleaner sources of energy was due to the impact of climate change, which increased deaths from air pollution and diseases such as malaria and diarrhea.
He emphasized that Nigeria must raise her game on gas, as the global energy transition continued, adding that this window of opportunity would not last forever.
Attah said the Decade of the Gas initiative of the Federal Government was a welcomed development that must be sustained by enacting the right policies, increasing gas reserves and developing gas infrastructure.
He said Dubai used Oil and Qatar used gas to transform their economies, stressing that Nigeria had both resources and should emulate the countries.
Attah said there was a need to address the challenges of gas pricing, supply economics and customers’ affordability to deepen gas utilisation in Nigeria.
He added that one of the critical gas infrastructures was the NLNG Train 7 Project, which would ramp up NLNG’s production capacity by 35 percent from 22 million MTPA to around 30 million MTPA.
He said the project would also create about 12,000 new jobs and an additional 40,000 indirect jobs.