Mele Kyari, group chief executive officer , Nigerian National Petroleum Company Limited, says the final investment decision on the Nigeria-Morocco gas pipeline project will be taken in December 2024.
The NNPC GCEO highlighted the challenges of energy transition in sub-Saharan Africa due to geographical differences and the interconnectedness of energy availability and security.“The world has seen all the challenges thrown up recently by geopolitical events. It is clear that before the energy transition, countries must first attain security of energy supply in their countries,” Kyari said.
“Even if Africa decides to switch off its fossil fuels, it only accounts for just about 3% of the entire global emissions.” Kyari said there is an ongoing engagement on the NMGP, which is at an advanced stage, to build a pipelineHe said the NNPC is pivotal to Nigeria’s resource management and economic development.