Nigeria's push for energy efficiency, with natural gas as a cornerstone for its energy transition goals, will take center stage at the 2025 Oriental News Nigeria National Conference, reports ITREALMS.
Slated for July 24, 2025, at 9:00 AM at Radisson Blu, GRA Ikeja, Lagos, the conference will bring together key stakeholders to discuss the immense prospects of the nation's vast gas resources.
Former Minister of Power and Chairman of the indigenous power company, Geometric Power Limited (GPL), Professor Bart Nnaji, will chair this pivotal conference. His wealth of experience in the energy sector will undoubtedly enrich discussions as Nigeria seeks to harness its gas potential.
STANMEG Communications, publishers of the influential Oriental News Nigeria Online, has confirmed the Nigerian Liquified Natural Gas Limited (NLNG) as the keynote speaker. NLNG will highlight the benefits of gas as a critical transition energy source for the country, a topic of increasing national and global importance.
Integrating Nigeria’s Gas Potentials Into Strategic Energy Transition Initiatives
Under the main theme, "Integrating Nigeria’s Gas Potentials Into Strategic Energy Transition Initiatives," the 4th annual Oriental News Nigeria conference aims to evaluate various natural gas initiatives driving the national economy.
The event will host industry figures, experts, and policy analysts to dissect crucial sub-themes:
Enhancing Energy Security And Efficiency Through Effective Gas Utilization:
Enhancing Energy Security And Efficiency Through Effective Gas Utilization:
This session will explore strategies to leverage gas for improved energy access and optimal energy consumption.
Evaluating Regulatory Frameworks for Sustainable CNG Adoption in Nigeria’s Transportation Industry: With the recent removal of fuel subsidies, the spotlight is on Compressed Natural Gas (CNG) as a cheaper and cleaner alternative for transportation. This sub-theme will delve into the regulatory landscape necessary for its widespread adoption.
Building Local Content Synergy Between the Insurance Industry and Oil and Gas Sector: This discussion will focus on fostering collaboration and maximizing local participation within these vital industries.
Nigeria faces a significant challenge in meeting its domestic energy needs. Currently, only half of its 200 million citizens have access to energy, a challenge exacerbated by a population projected to double by 2050. To address this, Nigeria aims to ramp up gas production, utilization, and export to support industrialization, boost domestic energy supply (for power, cooking, and transport), and increase government revenues.
However, the path is not without hurdles. Global pressure to transition away from fossil fuels complicates investment in gas projects. Domestically, weak legal and regulatory frameworks, significant infrastructure gaps, non-cost-reflective pricing, and host community conflicts have rendered the domestic gas sector uncompetitive, leading to underexploited gas reserves.
Despite reforms like the 2008 Gas Master Plan (GMP), the 2017 National Gas Policy (NGP), and the Petroleum Industry Act 2021, many gaps persist. The 2021 "Decade of Gas Policy," designed to overcome these limitations and reduce energy poverty, faces considerable challenges.
A direct response to the high cost of petrol and rising transportation costs post-fuel subsidy removal, President Bola Tinubu's Presidential CNG Initiative aimed at providing a cheaper and cleaner energy source for Nigerians. With an estimated 11 million vehicles on Nigerian roads, primarily reliant on fossil fuels, the transport sector is a major contributor to CO2 emissions. Globally, surface transport accounts for about 20% of global CO2 emissions.
This conference will critically examine the role of gas initiatives in boosting power sector growth and evaluate CNG as the preferred fuel for the transport industry, considering its impact on the nation's economy and environmental goals.
Interactive Panel Discussions
Adaptation of Renewable Energy Policy and Gas Utilization Strategies In Power Generation Sector; Evaluating Decade of Gas Policy and Broad Spectrum of Gas Utilization Strategies; Reinforcing CNG, LPG Strategies in Addressing Emissions and Climate Impacts of Fossil Fuel Use in the Transport Industry; Building Local Content Synergy Between the Insurance Industry and Oil and Gas Sector.
This promises to be a highly collaborative event, as the organizers anticipate that the shared commitment of stakeholders will not only help Nigeria achieve its energy objectives but also set a precedent for other nations navigating similar energy transitions.
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