SEPLAT SEEKS SUSTENANCE OF ENERGY SECTOR REFORMS
Key Points:
1. Advocacy for Reforms:
- Company: Seplat Energy Plc.
- Focus: Continuation of ongoing reforms and incentives in the energy sector.
- Specific Mention: Band A tariff announced by the Nigerian Electricity Regulatory Commission in April 2024.
2. Keynote Address:
- Speaker: Mr. Okechukwu Mba, Director of New Energy at Seplat Energy.
- Event: Society of Petroleum Engineers’ 47th Nigeria Annual International Conference & Exhibition.
- Theme: ‘Petroleum Industry Value Chain Optimisation: The Inevitability of Midstream and Downstream Development’.
3. Energy Sector Challenges:
- Issue: Insufficient electricity supply due to inadequate gas for gas-powered plants.
- Recommendation: Develop Nigeria’s gas resources to ensure energy security, citing gas as an affordable and reliable energy source.
4. Support for Reforms:
- Commendation: Recent incentives and reforms, including Executive Orders and the review of Domestic Gas Delivery Obligation gas prices.
- Call to Action: Sustain current reforms such as tariff increases and bilateral power trading.
- Infrastructure: Importance of delivering key gas infrastructure projects like the Obiafu-Obrikom-Oben and Ajaokuta-Kaduna-Kano gas pipelines.
Key Points:
1. Advocacy for Reforms:
- Company: Seplat Energy Plc.
- Focus: Continuation of ongoing reforms and incentives in the energy sector.
- Specific Mention: Band A tariff announced by the Nigerian Electricity Regulatory Commission in April 2024.
2. Keynote Address:
- Speaker: Mr. Okechukwu Mba, Director of New Energy at Seplat Energy.
- Event: Society of Petroleum Engineers’ 47th Nigeria Annual International Conference & Exhibition.
- Theme: ‘Petroleum Industry Value Chain Optimisation: The Inevitability of Midstream and Downstream Development’.
3. Energy Sector Challenges:
- Issue: Insufficient electricity supply due to inadequate gas for gas-powered plants.
- Recommendation: Develop Nigeria’s gas resources to ensure energy security, citing gas as an affordable and reliable energy source.
4. Support for Reforms:
- Commendation: Recent incentives and reforms, including Executive Orders and the review of Domestic Gas Delivery Obligation gas prices.
- Call to Action: Sustain current reforms such as tariff increases and bilateral power trading.
- Infrastructure: Importance of delivering key gas infrastructure projects like the Obiafu-Obrikom-Oben and Ajaokuta-Kaduna-Kano gas pipelines.