President Muhammadu Buhari had in March 2022, launched the ambitious plan as part of Nigeria’s target to entirely power its economy with gas by the year 2030 and monetise its proven gas reserve.
According to the organiser, Nigeria was recognised based on its commitment to deploying Liquified Natural Gas(LNG) as a major catalyst to achieving Africa’s commitment to the attainment of the global energy transition and net zero.
The organiser of the African Energy Week while presenting Nigeria the award revealed that the DoG initiative has paved the way for the investment in the development of Nigeria’s natural gas resources, which is being used to fund the country’s energy transition.
Dr. Justice Derefaka, Technical Adviser on Gas Business and Policy Implementation to the Minister of State for Petroleum Resources, Nigeria, speaking the idea behind the Nigeria’s national gas policy at the conference, noted that the initiative was dedicated to moving Nigerian from an oil dependent country to a gas based economy.
He said,”For quite some times, we have been dependent on crude oil. The truth is that we have a little oil and a lot of gas. If upstream operators focus on gas, then we could become the fourth largest gas producer globally.”
The Nigeria National Petroleum Corporation Limited, NNPCL was also honoured with the National Oil Company of the Year Award, for transforming into a limited-liability company – with its upstream, mid-stream, and downstream operations serving as the backbone of Nigeria’s hydrocarbon market success.
Late Mohammed S. Barkindo, the former Secretary-General of the Organization of Petroleum Exporting Countries OPEC, who died in June 2022, was posthumously honoured with the Lifetime Achievement Award, for shaping Africa’s energy market success.
Proscovia Nabbanja, CEO of the Uganda National Oil Company, was honoured with the Chief Executive Officer of the Year Award, for the role he played in managing the Government of Uganda’s commercial interests in the petroleum sector with utmost professionalism and innovation. He was praised for ensuring that the country’s resources are exploited in a sustainable and profitable manner.
The multiple recipients of the award include TotalEnergies Namibia Rodgers Beall, Founder Fortesa Africa; Kosmos Energy Ltd. ;Ousmane Ndiaye,Permanent Secretary at COS-PETROGAZ; British Petroleum(BP).