Natural Gas

Articles  ·  Events
NNPC TRANSITION- A NEW DAWN FOR A NEW ERA

The Gas Aggregation Company Nigeria Limited (“GACN”) attended the official transitioning of the Nigerian National Petroleum Corporation (“NNPC”) into a limited liability company on Tuesday, 19th July 2022 at the banquet hall in Abuja, attended by the acting MD, Mr. Chijioke Uzoho. President Muhammadu Buhari while formally unveiling the new NNPC emphasized that he was privileged to sign the PIA in 2021 and the transformation of the Petroleum Industry will strengthen the growth of the new company. The leadership of NNPC and other dignitaries were all in attendance. The Minister of State for Petroleum Resources, Mr. Timipre Sylva in his speech said, the new NNPC is a new vintage for partnership while the CEO Mallam Mele Kyari added that the new company would be managed like a private sector enterprise and is expected to become more efficient in its operations.

NNPC was established on 1st April 1979 under the statutory-decree No 33 by a merger of Nigerian National Oil Corporation (“NNOC”), with its operational functions and the Federal Ministry of Mines and Power with its regulatory responsibilities. NNPC is a major player in both the upstream and downstream sectors. Its products include crude oil, gas, petroleum products and petrochemicals, products transportation as well as marketing.

On 16th August 2021, the (Petroleum Industrial Bill) PIB was signed into law which became PIA (Petroleum Industrial Act), the PIA is an act that will regulate the oil and gas sector. It will lead to a drastic transformation in the sector by attracting huge investment and collaborations within the sector.

The Nigerian National Petroleum Corporation on 19th July 2022 was formally unveiled as Nigerian National Petroleum Company Limited by President Muhammad Buhari, which means the status of the corporation has changed and it will be run as a limited liability company, whose operations will run in compliance with the provisions of the companies and the Allied matters act (2020).

The transition indicates among others but is not limited to:

  • The new NNPC will be a commercial entity thereby having new operational structural changes and transformation.
  • It will be a profit-driven entity, by providing a more productive fiscal, commercial and regulatory framework to support competition and investment by creating a fully commercial entity.
  • The new NNPC will declare dividends to its shareholders and retain 20% profit which means the Nigerian populace can also invest in the company.
  • The new structure of the company will strengthen and boost the interest and confidence of investors while attracting foreign direct investment to the energy sector.
  • It will Increase the revenue of the Federal Government by paying its share of all fees, royalties, oil shares and taxes.
  • The new NNPC will list its shares on the stock exchange mid 2023 according to its Group Chief Executive Officer Mallam Mele Kyari.
  • The new company will no longer bear the burden of petroleum subsidy but will continue to support in supplying petroleum products to the Federal Government at a commercial value.
  • The new company will be IPO (Initial public offer) ready which means that you have the system processes and a company that can account to its shareholders and stakeholders.
  • As a commercial entity, the company will no longer contribute to the Federal account but pay taxes and royalties to Federal Government and divided to shareholders and deliver value to 200 million shareholders.
  • The new company will be free from institutional regulations such as treasury single account.
  • The new NNPC is incorporated under the Companies and Allied Matters Act to be known as NNPC Limited.

 

Gas Aggregation Company Nigeria (“GACN”) in line with its new objectives and mandates is also on its way to transitioning in to a limited liability company, with a change in its operational and structural changes to reflect the change. GACN can leverage on and replicate its major shareholder and stakeholder, NNPCL in its transitioning phase within it space and limitations, there by having more value-added commercial engagement and partnership with the new NNPC.

Articles  ·  Events
NIGERIAN OIL AND GAS CONFERENCE 2022

The Nigerian Oil and Gas Conference in its quest to actualise the energy revolution in the country in the “DECADE OF GAS” once again has captured the way forward to level up with the energy sector in terms of engagement and collaboration. The 21st edition of the (“NOG”) conference themed “Funding the Nigerian Energy Mix for Sustainable Economic Growth” took place from 4th July through 7th July 2022 and was held at the International Conference Centre Abuja. In attendance were notable figures in the Oil and Gas industry in Nigeria including, The Group Managing Director NNPC Mallam Mele Kyari, Managing Director and Chief Executive TotalEnergies SE Mr. Mike Sangster, the Chairman and Managing Director Chevron Nigeria/Mid African Business Unit, Mr Richard Kennedy were all distinguished stakeholders that attended and participated in sessions to deliberate on issues and prospect of the industry.

Gas Aggregation Company Nigeria Limited (“GACN”) was represented by the acting MD, Chijioke Uzoho who attended the event and actively took part in brainstorming on issues bothering the industry that need urgent attention, for more business opportunities and partnerships for sustainable economic growth.

The conference involved a more robust and integrated discussions by stakeholders, investors, and industry leaders and the entire oil and gas professionals. Issues around the oil and gas industry was elaborated and challenges, obstacles, solutions and resolutions were discussed and agreed upon.

Articles  ·  Events
2ND WEST AFRICA LPG EXPO AND NLPGA SUMMIT 2022

As an ardent advocate of the Decade of Gas, the Gas Aggregation Company Nigeria (“GACN”) attended a summit on Thursday, 23rd June, and Friday, 24th June 2022 at Balmoral Convention Centre, Federal Palace Hotel Lagos hosted by the Gas Academy and the Nigeria LPG Association (NLPGA) with the theme “ENERGISING THE FUTURE: LPG AS A SUSTAINABLE FUEL IN AFRICAN ECONOMIES”.

To further deepen GACN’s Gas penetration and commercialization in the domestic market, the conference offered valuable insights into the LPG market while highlighting the key challenges in the sector. GACN also had the chance to network with LPG experts across the value chain. 

Furthermore, Nigeria with an average annual growth rate of more than 20% over the past 10 years, has one of the fastest growing LPG markets and is also one of the largest markets for new LPG cylinders and equipment. Industry players, financiers, stakeholders, and a host of others graced the event while giving a brainstorming session, in particular experts made presentations as such:

Mr. Nuhu Yakubu, President of the Nigerian LPG Association and MD Banner Energy Ltd specified that (NLPGA) LPG penetration will rise from the current 7.5 cylinders per year to 10 million cylinders per year.

The Deputy Managing Director of NLNG, Mr. Lekan Ogunleye stated that NLNG is a great supplier of the Decades of Gas. Until the advent of NLNG, the Nigerian LPG market was mainly supplied by refinery production and imports. He added, that in 2007, NLNG commenced LPG allocation for the domestic market supply with 50,000MT/annum, and in 2008, it increased to 150,000MT/annum. Since then, there has been a steady increase in NLNG’s LPG allocation to the domestic market. As of 2020, NLNG supplied about 40% (450,000mt) of its LPG production to the domestic markets and has now decided to supply 100% of its LPG production to the Nigerian market, reducing LPG exports. He further stated that NLNG is committing 89.2b to the development of the Bonny Road linking to the plant and that NLNG is making financial commitments for the renovation of 3 jetties in Nigeria. He however acknowledged the challenges facing the LPG Industry in Nigeria:

  • Industry-inadequate infrastructure.
  • A lack of storage facilities.
  • Limited local production capacity.
  • Mismatches in the demand and supply for LPG.

The Chairman of the Natural Gas Expansion Program (NGEP) Dr. M.M Ibrahim emphasized that NGEP was established to help better the utilization of gas and its development in the domestic market, with the major objective to expand gas supply by utilizing all the assets and resources, adding that Nigeria should be classified as an Oil and Gas Exporting Nation as we export 42% of gas through NLNG.

The CEO of National Petroleum Authority (NPA) Ghana, Dr. Mustapha Abdulhamid gave a brief that Ghana started using LPG in 1990. He went further to add that there has been a steady movement to promote gas penetration by the Federal Government.

The rise of LPG in Ghana, according to him prompted its neighbors from Burkina Faso and Mali to come to Ghana for LPG offtake but the promotion of LPG came with additional risks of explosion and the Federal Government banned all future expansions in the LPG market due to a recent explosion in 2017, which resulted in the LPG penetration in Ghana to stall considerably.

Engineer Simbi k. Wabote the Executive Secretary of NCDMB; also had this to say that NCDMB has a goal to develop strategies for organic penetration to make Energy Sources available, accessible, acceptable, and affordable before 2030.

The event was graced by the former President of Nigeria, Chief Olusegun Aremu Obasanjo who gave a keynote speech about the policy he initiated in 2005 during his tenure which states in a nutshell that the international oil companies and gas producers in Nigeria, rather than export all the gas should commit a certain volume to the domestic market. It was on the premise of this policy that the Domestic Gas Supply Obligation (DSO) was implemented.

Chief Olusegun Aremu Obasanjo also encouraged other Oil and Gas majors to remain committed and look at how to develop the local liquefied petroleum gas sector as a way of showing appreciation to a country in which they have benefited enormously.

Notwithstanding, there are some major challenges in the Nigerian LPG markets:

  • Inconsistencies in regulations and their interpretations across states.
  • Infrastructure deficit,
  • Limited and inadequate LPG receiving terminals and storage in Nigeria.
  • Stakeholders are not enlightened about major interventions that are ongoing.
  • Unavailability of raw materials for the production of cylinders.
  • Multiple taxation and changes including transportation levies.
  • This causes the price of LPG to go up and will be borne by the end users.
  • Capacity building.

Hence, GACN in its pursuit of business partnership and collaboration always leverages opportunities like this to foster and strengthen its commercial assurances for a stronger agreement, understanding, and engagement.

Articles  ·  Events
NIGERIAN WOMEN IN OIL AND GAS CONFERENCE JUNE 2022

The Nigerian Women in Oil and Gas Conference 2022 (the “Conference”) hosted by the Nigerian Content Development and Monitoring Board (NCDMB) was held on Tuesday, 14th June 2022 at the Convention Centre, Eko Hotel, Lagos, Nigeria. The theme was, “Leveraging Opportunities for Women in the Oil and Gas Industry”. In attendance were notable figures in the oil and gas industry in Nigeria including His Excellency Timipre Sylva (Honorable Minister of State, Petroleum Resources), Engr. Simbi Kesiye Wabote (Executive Secretary, NCDMB), Senator Margery Chuba-Okadigbo (NNPC Board Chairperson), and Mrs. Alero Onosode (Chairperson Nigerian Content Consultation Forum Diversity Sectoral Working Group).

Gas Aggregation Company Nigeria Limited (GACN) was represented by General Manager Corporate Services Omosigho Egbon, General Manager Operations Yetunde Odejobi, and Planning and Monitoring Officer Obiageli Anekwe who took advantage of the opportunity to discuss the ever-growing need for a wider diversity with regard to women’s inclusion in strategic positions in the oil and gas sector.

Amongst the number of matters deliberated during the Conference, were:

  • Greater support of the women in organizations in terms of career progression and mentorship;
  • Better accountability in leadership;
  • Ensure the adoption of organizational tasks and targets and ensure monitoring to achieve greater representation;
  • Ensure metrics to measure tasks and targets;
  • Look into recruitment policies to ensure a fair percentage of women are invited to apply;
  • Set up appraisals that are void of any form of bias in the system;
  • Consider the inclusion of flexible working options as a means to stir up motivation;
  • Adopt the mindset of equity and not equality;
  • Adopt better transparency in pay to avoid disparities;
  • Manage unconscious bias;
  • Review organizational structure and culture;
  • Put metrics in place to measure diversity and inclusion; and
  • HR functions to hold Senior Management accountable to ensure policies are in place.

In addition to this, various stakeholders held panel discussions on;

  • Women in Industry Governance;
  • Safeguarding Gender Participation; and
  • Growth Across Board.

These discussions also centered on building effective gender management systems, structures, and processes that promote development, diversity, and inclusion, harmonizing stem initiatives for greater impact, and finally, creating an enabling operating environment for women in oil and gas business; providing opportunities from the Petroleum Industry Act, 2021.

The participation was successful and GACN in show of support of the subject matter will continue to encourage diversity and equity in its work environment as well as noting some key take-home points to further deliberate in the organization.

Articles  ·  Events
28TH WORLD GAS CONFERENCE (WGC2022)

The World Gas Conference is the world’s largest, and one of the most significant gas industry events where thousands of industry stakeholders congregate every three years. Gas Aggregation Company Nigeria Limited (“GACN”), in its quest for the promotion of natural gas, attended the 28th World Gas Conference (the “WGC2022”), hosted by the Korean Gas Union in Daegu, Korea. The theme was “A SUSTAINABLE FUTURE – POWERED BY GAS” and was held from Monday 23rd May to Friday 27th May 2022. 23rd of May to the 27th May 2022. With over 9,500 attended consisting of industry stakeholders and professionals including VPs and Heads of Departments, Engineers, and Technical Specialists, Legal and Finance Professionals, this global energy event combined business leaders, experts, and policymakers across the gas industry with the core aim and objective of promoting the role of natural gas.

GACN, represented by the Acting Managing Director, Chijioke Uzoho, took advantage of the opportunity the WGC2022 provided with regard to discussing timely industry-related issues and the global agenda in relation to gas during the WGC2022 and through exclusive network events. Over 300 exhibitors provided a dynamic opportunity for engagements in the gas sector with exhibitors spanning the entire spectrum of the gas sector, covering solution providers, producers, and buyers. The Nigerian oil and gas sector participation in the WGC2022 including Nigeria LNG Limited (NLNG), the Nigerian National Petroleum Company Limited (NNPC), and the Ministry of State for Petroleum Resources (MPR) serves to buttress its significant commitment to the decade of gas revolution.

GACN, with its increased mandate, will continue to support, and take advantage of such events and engagements to place GACN at the forefront of the global energy transition.

Articles  ·  Events
NASARAWA STATE INVESTMENT SUMMIT 2022

Gas Aggregation Company Nigeria Limited (“GACN”), a strategic collaborator with the Nasarawa State Government, in its quest for new business initiatives, honoured the invitation to the Nasarawa Investment Summit (the “Summit”) held at Aliyu Akwe Doma Banquet Hall, Lafia, Nasarawa State. The theme was “DIAMOND IN THE ROUGH” and was held on Wednesday, 11th and Thursday, 12th May 2022. The Summit was hosted by the Nasarawa State Government, led by Nasarawa Investment and Development Agency (NASIDA), and aimed at economic development and revitalization to build effective public-private partnerships (PPPs) that allow for long-term private sector participation.

The Summit intends to put Nasarawa State as a top investment destination in terms of accelerated growth, prosperity and increased economic opportunities. In attendance, were public and private sector actors with the collective goal of fostering synergy and partnership with the Nasarawa State Government.

The engagement and collaboration expected outcomes of the Summit include:

  • Enhancing private sector involvement in good governance and policy making;
  • Facilitating and transferring technology to Nasarawa State;
  • Developing effective public and private sector players that will stimulate the economy, with clear developmental effects across the State; and
  • Attracting and showcasing multi-sectoral projects to local and foreign investors in order to facilitate and unlock a sustainable socio-economic development of Nasarawa State.

It is understood that both the new industries and business initiatives showcased at the event as well as the investments that will be attracted to the State, sequel to the Summit, will benefit immensely from the Gas commercialization drive of the State in collaboration with GACN.

The event was graced by the Nigerian Vice-President, Prof. Yemi Osinbajo; as well as dignitaries such as Aliko Dangote, Emir of Lafia, and Sanusi Lamido Sanusi; former governors of Nasarawa State including Senator Abdullahi Adamu and Senator Tanko Al-Makura; John Dramani Mahama (former president of Ghana); and a host of other investment leaders from both the private and public sector.

Articles  ·  Events
GACN’S PARTICIPATION IN RMAFC GAS SENSITIZATION “FOLLOW-UP” FORUM IN BAYELSA

Sequel to the gas stakeholder’s sensitisation forum by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) in Imo state, Gas Aggregation Company Nigeria Limited (GACN), represented by Ruqaiyah Saidu Abubakar and Dantala Wright, attended the second edition of the 2022 gas sensitisation forum (the “Follow-Up Forum”) held at Chief Harold Dappa-Biriye Conference Hall, Golden Tulip Hotel, Onopa Yenagoa, Bayelsa State. The theme was “INSTITUTIONALISATION OF DIVERSIFICATION OF THE ECONOMY USING NATURAL GAS,” and was held from 12th to 14th April 2022.

The Bayelsa State Governor, His Excellency, Senator Douye Diri, represented his Deputy, Senator Lawrence Ewhrudjakpo, commended RMAFC for choosing Bayelsa State to host the Follow-Up Forum as Bayelsa State is one of the highest producers of gas nationwide with over 60% feed gas to Bonny LNG sourced from Bayelsa State. Despite this abundance of gas, and coupled with the challenge of gas flaring particularly affecting farming communities, he concluded that Bayelsa State is yet to adequately benefit from the wealth of its natural resources.

Stakeholders presented papers and gave useful insight on the use of gas as a mainstay for revenue generation. The topics included:

  1. Harnessing the Abundant Gas Resources for Enhanced Revenue Generation by Prof. Festus Awara, University of Calabar;
  2. The Role of Nigerian Gas Marketing Company (NGMC) in Enhancing Domestic Gas Utilisation by Engr Sizah T. Jacob;
  3. GACN as a Vehicle for Gas Supply to the Domestic Market by Dantala Wright; and
  4. Gas Hubs as a Catalyst for the Power Sector Development by Engineer Vice Onyemepu of Zakhem Construction Nigeria Limited.

GACN’s presentation was well received by the participants and concluded with a Q&A session where participants were informed about GACN’s ongoing engagements with projects and key players in Bayelsa State.

Articles  ·  Events
GACN’S PARTICIPATION IN RMAFC GAS SENSITIZATION FORUM – IMO

Gas Aggregation Company Nigeria Limited (GACN), represented by Dantala Wright and Chioma Ogbobe, attended the gas stakeholder’s sensitization forum (the “Forum”) hosted by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) in Owerri, Imo state on 23rd and 24th March 2022. The aim of the Forum was to sensitize stakeholders on gas commercialization and gas penetration of the abundant natural gas resources in Nigeria in order to further diversify the Nigerian economy.

 

Honorable Patrick N. Mgbebu, Chairman, Gas Monitoring Committee, emphasized in his opening remark, that the Forum had become expedient because of the need to diversify the nation’s economy. The Imo State Governor, His Excellency Hope Uzodinma, represented by his Deputy, Placid Njoku, stated in his speech that Imo State has sufficient gas resources that need to be harnessed. He stressed that revenue from crude oil had been on the decline, making the Forum very timely, as there is a need to look for more sustainable means of revenue.

Participants, including GACN’s representatives, expressed their satisfaction at the organization of the Forum which they described as timely, outstanding, engaging, insightful and educative. They also expressed confidence that the Forum was a suitable bouncing off point for further diversification of the Nigerian economy through the use of the country’s abundant gas resources.

GACN’s representatives presented a paper titled “GACN as a Vehicle for Gas Supply to the Domestic Market” at the Forum, outlining GACN’s efforts in furthering gas commercialisation, increasing gas penetration and stimulating gas driven industrialisation, which was well received by the participants.

Participants were provided with a comprehensive description of the initiatives currently being undertaken by GACN and were guided on further gas-related opportunities across the value chain – upstream, midstream, and downstream.

GACN concluded by emphasizing its value proposition as the “one stop shop” for nationwide gas commercialization and utilization expansion drive.

Dangote
Articles  ·  Events
GACN Facilitates Gas Supply to Dangote Fertilizer Plant

Gas Aggregation Company Nigeria Limited (GACN), on Wednesday, facilitated the signing of a Gas Sale and Aggregation Agreement (GSAA) for the supply of natural gas by the joint venture comprising the Nigerian National Petroleum Corporation (NNPC), Shell Petroleum Development Company of Nigeria (SPDC), TotalEnergies EP Nigeria Limited (Total), and Nigerian Agip Oil Company Limited (NAOC) to Dangote Fertiliser Limited (DFL). The GSAA, which also has GACN as a party, is another milestone in the aggregator’s efforts aimed at increasing natural gas utilization in the Nigerian domestic market.

DFL’s fertilizer plant at Ibeju Lekki, Lagos State, is a flagship mega fertilizer project intended to support the Federal Government’s drive to grow the agricultural sector and in turn improve the Nigerian economy.

The GSAA, once operationalized, will see DFL supplied with up to 70 million standard cubic feet per day of natural gas to ramp up operations of the fertilizer plant and save Nigeria roughly USD 1.8 billion in foreign exchange.

Natural gas is an essential feedstock used in the production of fertilizers. The GSAA is expected to ensure the accessibility of natural gas to fulfill this purpose.

The signing of the agreement coincided with the ongoing fifth Nigeria International Energy Summit (NIES 2022) with the theme “Revitalising the Industry: Future Fuels and Energy Transition”; and the release of a Domestic Gas Demand Requirement of 4.4 billion standard cubic feet by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.

With over 206 trillion cubic feet of natural gas, Nigeria is considered one of Africa’s largest in hydrocarbon exploration and production. Despite these huge gas reserves, the exploitation of this natural resource remains very low despite rising demand.

During the signing ceremony, the President of Dangote Group, Alhaji Aliko Dangote described the signing of the agreement as an important milestone, noting that the additional gas supply to the fertilizer project would save Nigeria as high as about $1.8 billion in foreign exchange in light of the ongoing energy crisis. He added that save for Egypt, Nigeria has an unparalleled capacity to become the topmost fertilizer producer in Africa.

Mele Kyari, Group Managing Director of NNPC mentioned that the contract having been concluded in a relatively short period signals the importance of natural gas to the production of fertilizer and by extension, the agro-economic growth of Nigeria.

“As you are aware, Dangote Fertilizer is one of the biggest producers of fertilizer and this deal, which is to offer 70mmscf per day to Dangote Fertilizer by the JV, will contribute to the surge of fertilizer production in Nigeria. Of course, it will tremendously be positive to our agro-economy,” Kyari said.

“But more importantly, it is a platform that will increase local production of fertilizer in our country.

“As you may be aware, it is government’s drive to ensure that we become self-sufficient in the production of fertilizer in the country, and specifically for this year’s zero import of fertilization in the country.

“Currently, Dangote group provides about 65 percent of all domestic production of fertilizer. And we are happy to sign the Gas Supply Agreement with them,” Kyari added.

Osagie Okunbor, Managing Director of SPDC and Country Chair echoed this, commending the fellow signatories to the contract for their hard work and noting its importance to the development of Nigeria.

The Managing director of GACN, Mr. Olalekan Ogunleye also signed the agreement on behalf of GACN.

 

Articles  ·  Events
GACN 2021 END OF YEAR REPORT
INTRODUCTION

The President and Minister of Petroleum Resources, Muhammadu Buhari, the GMD NNPC, as well as other stakeholders in the Gas sector, declared 2020/2021 a GAS decade to facilitate full utilization of gas resources in Nigeria for employment and economic development. GACN designated kano state as a Gas hub and venue for AKK forum. Which is an autogas initiative to convert vehicles from diesel to gas.  Activities engaged by GACN in the year under review include:

GACN CORPORATE SYNERGY WITH NGA: GACN hosted a meeting on the 20th April,2021 with NGA to fashion out a workable plan geared towards resolving all gas sector-related issues.

GACN ON THE 25 May, 2021, led by Mr. Olalekan Ogunleye (MD/CEO), visited Kano state governor and the Emir of Kano State, respectively, to conclude plans on the success of the scheduled AKK forum in the state and unveil accruable benefits for the state. Dr. Ganduje expressed optimism on the completion of the Ajaokuta-Kaduna-Kano gas pipeline project, while the Emir implored GACN to support the economic development plan of the state government. 

GACN ON THE 26 May, 2021, led by Mr. Olalekan Ogunleye (MD/ CEO), paid a visit to Governor Nasiru el-Rufa’i of Kaduna State, to intimate him about the scheduled AKK forum. The governor pledged to support the project so as to tap from its benefits when completed.

NIPS CONFERENCE: Mr Olalekan Ogunleye (MD/CEO GACN), participated in a conference organized by the Nigerian International Petroleum Summit (NIPS) in Abuja from 5th – 10th June 2021. The theme was “Crisis to opportunities: new approach to future of hydrocarbon.” Mr. Olalekan actively analyzed the roles, actions taken and successes recorded by GACN as a one-stop shop for Gas commercialization and expansion in the domestic Gas sector.

GACN-NURTW-NARTO-MAN GAS SECTOR OPPORTUNITIES: Mr. Olalekan Ogunleye (MD/CEO GACN), on 1st July 2021 met with the National Union of Road Transport Workers and National Association of Road Transport Owners, to explain the modalities for the proposed conversion from petrol to gas. Mr Olalekan assured that the proposed conversion will lead to 30% reduction in operational cost. And notified them of companies like Dangote subsidiary with over 5000 converted vehicles and Greenville’s plan to convert 1000 vehicles. The kano state government also provided 1000 hectares of land for a new gas city in the state.

GACN, NNPC AND KANO STATE GOVERNMENT SIGNS MOU: July 2nd,2021.   Mr Olalekan Ogunleye (MD/ CEO GACN), signed MoU with NNPC and Kano State government on the full implementation of the proposed autogas conversion policy. The state governor was represented by his deputy Nasir Gawuna. NURTW and NARTO representatives were also present. The pros of the conversation policy were extensively discussed during the summit. 

GACN’S COURTESY CALL TO MEDIA TRUST: On Thursday, 3rd June 2021, GACN paid a visit to Media Trust, Utako, Abuja, and were received by the CEO Mallam Mamman Nura Daura and Ahmad Shekarau. GACN reached an agreement leading to massive advertisement of the AKK project. The CEO media trust stated that media trust is honored to be a part of such initiative. Terms and conditions were agreed upon and MoU was later signed on 16 June, 2021, to that effect. 

GACN, COURTESY CALL TO NAN: On Thursday, 24th June 2021, GACN team led by Mr. Chijioke Uzoho (GACN Commercial Manager), visited the News Agency of Nigeria (NAN), seeking for partnership with NAN in order to ensure adequate publicity of AKK Forum activities especially the scheduled Kano event of 9th July, 2021. Agreement to that effect was thereafter reached and both parties look forward to exploring collaboration on GACN global drive to nationwide gas utilization and commercialization.

GACN, NARTO AND PTD: A Management meeting was held on Thursday 8 July, 2021, with NARTO and Petroleum Tanker Drivers (PTA) to enlighten their members on the outstanding gains they stand to derive by supporting the proposed conversation. Mr Olalekan comprehensively sensitize the executives of PTA and NARTO on the gains of AKK. Reminding them of it being the largest in the last 50 years. The NARTO President Alhaji Othman expressed the readiness of their members to adopt the new changes.

THE 2021 GAS SECTOR STAKEHOLDERS FORUM: Between 28 and 29 July, 2021, GACN, organized a Gas Sector Stakeholders’ forum with the theme: “Optimising the Economic Development Capacity of AKK Gas pipeline project” in Kano state. In the event, Engr. Mansur Sambo (GACN board Chairman), emphasized that the project will restore the vibrancy and stir up economic development of the host state. The (GMD NNPC) Mallam Mele Kolo Kyari, assured that the Federal Government will ensure the completion of the project by 2023. Equally, Alhaji Ado Bayero (Emir, Kano State), echoed the significance of the project, while calling local and foreign investors to always execute similar development projects. Also, the state Governor, Dr. Umar Ganduje highlighted that the AKK project will revive over 201 moribund industries in Kano and restore the commercial glory of the state. The government of Kaduna, Nasarawa, Niger and Kogi, also spoke on the benefit of the project in their respective states. Lastly, Mr. Olalekan Ogunleye (GACN CEO), thanked the FGN and AKK host states, while assuring that GACN will continue to work harder to ensure full actualization of the AKK Gas project and other GACN activities.

GHANA RETREAT: GACN had a retreat and training at Accra, Ghana on the 19th august 2021.

GACN, KDSG AND NNPC SIGNED AN MOU ON GAS UTILIZATION AND OPTIMIZATION: GACN on Thursday,26 August 2021 signed an MOU between KDSG, and NNPC for Gas Utilisation and expansion in kaduna state. The state Governor Mallam el-Rufa’i re-emphasized the commercial advantages of the project to his state. Mallam Mele Kolo kyari (NNPC GMD) equally assured that the AKK will be delivered on schedule, as it was a game-changer for the country and the host states. At the end of the ceremony, Mr. Olalekan Ogunleye (MD/CEO GACN) thanked everyone while assuring that GACN will fulfill its own part of the MoU.

2021 KADUNA INVESTMENT AND ECONOMIC SUMMIT: Kaduna State Government hosted a summit on 23rd -24th September 2021. The annual Kaduna Investment and Economic Summit (KADINVEST 6.0) with the theme “Towards a Sustainable Knowledge-Based Economy”. KADINVEST is a platform for kaduna state to showcase business opportunities and GACN was a key participant in the event.

GACN 2021 HEALTH AND CHARITY WALK 1: GACN on 25TH September, 2021 held a trial Run in the company of medical and security personnel, ahead of a charity walk titled “Walk for Health and Community, WHC”, to be held on 27th November 2021 in which all members of staff participated in a 6-kilometer walkout exercise, from GACN office in Asokoro to Kur Mohammed Avenue in Central Business District and back to GACN office.

PIA PROVISION ON DOMESTIC GAS PRICING: GACN on 29 September, 2021, had a brainstorming session on domestic gas pricing held by Mr Stephen Oke (legal department), with all staff in attendance, deliberated on the Domestic Gas Pricing policy signed into law by the president in August 15, 2021. Mr. Oke clarified that the Act reflected gas pricing at the point of delivery and did not include transportation. He assured buyers and sellers that regulated gas pricing policy will eventually end, saying that GACN will continue to debate on the best way to utilize the pros of the Act.   

Between 12 and 16 October, 2021, GACN held training in Dakar Senegal for its Senior Management staff. It was hosted by FDC Skill. Both NNPC and Axxela Ltd. staff were in attendance.

WORLD ENERGY DAY CONFERENCE 2021: GACN represented by Mr Chijioke Uzoho, partook in the World Energy Day conference organized by the Chamber of Commerce and Industry, on Thursday 21st October 2021 in which a discussion on the Nigeria’s future energy was discussed. In the conference, Mr Uzoho presented a paper titled “Stimulating Growth of Natural Gas Utilization in Nigeria domestic Market”.

GACN HEALTH & SAFETY WALK TRIAL RUN 2: GACN on Saturday 23rd October, 2021, had its second phase of its Charity walk (TRIAL RUN 2). It started 7.30AM, from GACN Asokoro office through Unity Fountain, Maitama and Back, covering 8km. This was facilitated by a professional trainer, in the company of FRSC officials and medical personnel.

GACN LAST QUARTER TRAINING: GACN organized last quarter training for all staff members in five groups, in which three groups undertook the training and the rest will do next year. Abuja and Suleja were the locations used.

SENSITISATION FORUM ON INSTITUTIONALIZATION OF THE DIVERSIFICATION OF THE ECONOMY USING NATURAL GAS: Mr. Olalekan Ogunleye (MD/CEO) represented by Mrs. Yetunde Odejobi (Manager Operations), between 18 & 19 November, 2021, presented a speech titled: “GACN as vehicle for gas supply in domestic market” in a sensitization forum organized by FMAFC in Akwa Ibom State. Governor Emmanuel Udom and other stakeholders were in attendance.

GACN AND METALWORK:  GACN hosted a delegation from Russia on 23 November, 2021, in partnership with Abuja Chamber of Commerce. In the meeting, GACN CEO confirmed that the petroleum industry bill is now operational in Nigeria, and it was a good time to invest in the country’s gas sector. with the group expressing interest in LNG and CNG, GACN looks forward to future collaboration pledging its full support to investors.

NNPC, GACN AND NASARAWA SIGN GAS SUPPLY MOU: Ahead of the completion of the AKK Gas project, GACN, NNPC and Nasarawa state govt. signed MoU to ensure the state is linked to the host states and to ensure the supply of gas to Nasarawa state. The event took place in Lafia with the primary aim of creating investment opportunities.

GACN TO RENOVATE DPHC: The managing director GACN on Friday 26th November, 2021, flagged off the rehabilitation of Damangaza Primary Health Care Centre with an official delegate visit to the hospital. The GACN CEO. Mr. Olalekan, said it was part of the company’s social investment program. In attendance were AMAC chairman, represented by Hon. Binta Dahiru, the Etsu of Damangaza as well as Dr. Adams Jacob who is in charge of the health center.

 GACN AT THE 10th PRACTICAL NIGERIAN CONTENT CONFERENCE: GACN CEO Mr. Olalekan Ogunleye, on the 29th November- 2nd December participated in the panel discussion titled “Harnessing local content Opportunities for Indigenous companies in Nigeria’s Decade of Gas” during the 10 anniversary of Nigerian Content Development and Monitoring Board (NCDMB) in Bayelsa State. Also, in attendance were the state governor, the Executive Secretary of NCDMB as well as the GED Gas and Power NNPC, among others. There were presentations from different speakers. In his speech, Mr. Olalekan stressed that the Federal Government has given the necessary support for investment in the Gas sector.

2021 FINAL HEALTH AND CHARITY WALK: The last Charity and health walk was organized to ensure the wellbeing of staff members. The event commenced at 7:30am from the GACN office Asokoro, to Cilantro, Maitama. The GACN staff members were accompanied by FRSC officials, the police and health personnel with an ambulance to ensure safety.

END OF YEAR DINNER: Dinner is better when we eat together and that is exactly how GACN ended the year with a dinner on Thursday,16th December, 2021, at the wells Carlton Hotel and Apartment in Asokoro. There was entertainment, award of certificates, gifts presentation and other activities during the dinner party. The GACN CEO thanked everyone for their hard work and dedication and wished everyone a progress-filled 2022.

Page 1 of 2