World energy players convene in Nigeria to accelerate global partnerships at NOG 2022

Hundreds of energy industry executives and professionals have gathered in Abuja as Africa’s energy powerhouse Nigeria showcases the limitless opportunities for international energy partnerships at the NOG Conference & Exhibition taking place from July 4 -7.

As Nigeria’s foremost energy conference, NOG Conference & Exhibition will review the country’s positioning within the evolving global energy landscape, with a focus on funding and emerging opportunities to transform its energy industry.

The conference and exhibition come as the world walks the fragile tightrope of the new reality in the global energy system – where Africa, and in particular Nigeria, have been hit hard but are also at the crossroads of immense potential.

The Ukraine crisis has significantly disrupted the global economy, leading to surging inflation and a potential food crisis – especially in emerging economies like Nigeria. While global oil prices have surged beyond $100 per barrel, Nigeria’s oil and gas sector has been unable to boost its reserves, and its loss has been compounded by low oil production hovering at around 1.2 million bpd.

Aligning with this new reality, the theme for the 21st edition of the NOG Conference & Exhibition is “Funding The Nigerian Energy Mix For Sustainable Economic Growth,” and will focus on the strategies deployed by the Nigerian government and private sector leaders to navigate the emerging energy business environment and setting the nation’s energy agenda for the next 12 months.

One of the key opportunities for Nigeria within this dynamic is to expand its gas supply and energy cooperation with the world. The EU, which gets a substantial percentage of its oil and gas from Russia, is seeking alternative sources of energy. With Nigeria already supplying France, Portugal, Spain and Belgium, it is on the radar to also supply other EU nations, particularly as the country is currently working to grow its gas reserves from 206 trillion cubic feet to 600 trillion cubic feet.

However, to be in a position to be able to fully meet the EU’s demand, Nigeria needs to develop its infrastructure and increase investment. This is at the core of the various discussion and debates that will be happening at the NOG Conference & Exhibition.

Dignitaries participating at NOG 2022 include H.E. Timipre Sylva Minister of Petroleum Resources, H.E. Otunba Niyi Adebayo, Minister of Industry, Trade & Investment and H.E. Mohammad Sanusi Barkindo, Secretary-General, OPEC.

Industry leaders include Sen. Margery Chuba Okadigbo, Chairman-Board of Directors, NNPC, Mele Kolo Kyari, Group Managing Director, NNPC, Richard Kennedy, Chairman & Managing Director, Chevron Nigeria/Mid-Africa Business Unit & Chairman, OPTS, Mike Sangster, Managing Director & Chief Executive, TotalEnergies EP Nigeria Limited, Richard Laing, Chairman & Managing Director, ExxonMobil Affiliate Companies in Nigeria, Osagie Okunbor, Managing Director, The Shell Petroleum Development Company of Nigeria Limited & Country Chair, Shell Companies in Nigeria, Elohor Aiboni, Managing Director, Shell Nigeria’s Exploration and Production Company Limited and Philip Mshelbila, Managing Director & Chief Executive Officer, Nigeria LNG.

The sponsors of NOG 2022 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.