The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has said that energy integration across the African sub-region would reduce unemployment, restiveness and improve economies of the affected countries.
Baru disclosed this in a statement issued by the Corporation in Abuja, on Thursday
Baru spoke at a meeting with the U. S. Energy Secretary, Rick Perry and some African petroleum ministers, on the sidelines of the 19th CERAWeek Conference taking place in Houston, U.S.
CERAWeek is aninternational Energy conference organised by IHS Markit and it is a global platform on energy trends and public policy where over 4,000 oil and gas experts convene annually to debate the future of oil, natural gas, renewable energy and new technologies.
“Nigeria as a regional leader has already encouraged regional integration by first putting up the West African Gas Pipeline (WAGP) to ensure gas is available to West Africa.
“We are also doing the Trans Sahara Gas Pipeline (TSGP), even as we are intent on extending the WAGP to Morocco,” Baru told the U.S. Energy Secretary at the occasion, ” he said.
He futher said the intent was to come up with a West African Power Pool that would put up power plants and other gas-based industries along those areas within the respective countries.
Baru added tha tNigeria’s crude oil production had seen tremendous improvement in recent years, due to Federal Government’s laudable efforts in ensuring security in the Niger Delta region.
He said Nigeria and U.S. had been very good partners with about 35 billion worth of trade between the two countries.
In his remarks, the U. S. Secretary of Energy, Rick Perry, expressed his country’s commitment towards helping Africa achieve energy independence for the benefit of their people.
“For our part we will support progress by engaging economically as well as championing open markets in societies.
“We endorse the modernisation of critical oil and gas infrastructure which leads to better security and diversification of energy supplies and exports,” he said.
Describing innovation as the surest path to energy security, Perry added that once countries innovate, they are greeted with greater economic growth, opportunities and national security.
“We support efforts to improve the regional interconnectivity. We also see energy access as critical to increasing prosperity and combating the cycle of poverty,” he added.
He said as the number one producer of oil and natural gas in the world, the U.S.was more than well-positioned to not only share its resources, but also its technology and know-how.
He said his country would work towards transforming the Africa’s domestic energy systems so that it would provide power, create jobs, foster development, open up new opportunities and improve almost every facet of human existence on the continent.
“The U.S. is very eager to share its energy resources and expertise with the African continent. As we go forward, we want to be a desired partner in ensuring that the global energy market are supplied with the diversity of energy sources,” he stated.
Other Ministers and high level energy executives from Ghana, Mali, South Sudan, Namibia, Kenya, Uganda and Sierra Leone participated during the meeting.