- Engr. Wole Ogunsanya, Chairman of PETAN, urged the Nigerian government to prioritize gas utilization as a pathway to energy independence during the NAEC annual conference in Lagos.
- With approximately 200 trillion cubic feet of proven gas reserves, Ogunsanya emphasized that harnessing domestic gas could reduce reliance on imports, generate revenue, and create jobs.
Engr. Wole Ogunsanya, Chairman of the Petroleum Technology Association of Nigeria (PETAN), has called on the Federal Government and key stakeholders in the energy sector to prioritise gas as a pathway to achieving energy independence for Nigeria.
At the NAEC’s annual conference at the Eko Hotel in Lagos, Ogunsanya emphasised that effectively utilising the country’s abundant gas resources is essential for reducing reliance on imported fuels and ensuring energy self-sufficiency.
During a panel session titled “Actualising Nigeria’s Energy Transition: Driving Investment, Energy Security and Sustainable Development,” Ogunsanya highlighted the importance of addressing gas production and distribution challenges while leveraging available opportunities. He pointed out that Nigeria possesses approximately 200 trillion cubic feet of proven gas reserves, which, if effectively harnessed, could generate significant revenue and create jobs.
Ogunsanya noted that gas is a cleaner and more efficient form of energy than traditional fossil fuels, aligning with global advocacy for sustainable energy solutions. He underscored that Nigeria’s path to energy independence hinges on strategic initiatives to enhance domestic gas utilisation. By focusing on this sector, the country can build a more resilient energy landscape.
Drawing comparisons with the United States, Ogunsanya remarked that the U.S. is now the leading oil and gas producer, outpacing even Saudi Arabia, mainly due to substantial investments in renewable energy technologies, including solar power. He argued that Nigeria must adopt a similar approach, investing in its energy infrastructure while tapping into its natural resources.
Ogunsanya acknowledged that while Nigeria may not currently possess the technology to produce battery-powered vehicles, it is vital to maximise the value chain of oil and gas production within the country. He stressed that Nigeria risks falling behind in the global energy transition without a robust domestic energy sector.
The PETAN Chairman’s remarks resonate with the growing recognition of gas as a crucial element in Nigeria’s energy strategy. As the nation seeks to navigate the complexities of energy transition and sustainability, the call for increased focus on gas utilisation reflects a pragmatic approach to addressing immediate energy needs while preparing for a cleaner energy future. By prioritising gas, Nigeria can achieve energy independence and foster economic growth and job creation.