Seplat Energy Plc has reaffirmed its commitment to expanding Nigeria's domestic gas market to drive industrial growth, support small and medium enterprises (SMEs), and enhance access to cleaner energy across the country.
Speaking at the 2025 Africa Energy Week (AEW) in Cape Town, South Africa, the company's Director of New Energy, Okechukwu Mba, said gas remains the "engine of prosperity" for Nigeria and Africa, powering homes, fuelling industries, and offering a cleaner alternative for cooking and transportation.
During a panel session themed "Beyond Exports: Developing Commercially Viable Domestic Gas Markets," Mba stressed the need to address challenges in the gas-to-power value chain—from production to distribution—to ensure reliable power supply that will stimulate economic growth and support SME operations.
Read also,
He said Seplat's major investments, including the ANOH gas plant, were designed to serve the domestic market. "Bankable anchor customers and improved infrastructure in power transmission and distribution are vital to unlocking new gas projects," he noted.
Mba revealed that Seplat currently supplies gas to five power stations across Nigeria and is expanding into Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG) to reach off-grid customers. The company plans to deliver LPG from its Sapele and ANOH gas plants by year-end, replacing biomass and improving access to clean cooking energy.
Seplat also targets to increase its operated gas production to over 1 billion cubic feet per day (Bcf/d) by 2030, supported by recent government incentives in the gas sector.
In a related session, Chioma Afe, Seplat's Director of External Affairs and Social Performance, highlighted the company's tailored approach to Environmental, Social and Governance (ESG) implementation. She said adapting ESG principles to Africa's local realities was key to achieving sustainable growth and empowering communities.
Afe added that Seplat's model focuses on identifying development gaps, collaborating with host communities, and creating long-term value that supports inclusive growth and enterprise development.
No comments:
Post a Comment