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Message of HE Eng. Mohamed Hamel at the 6th Nigeria International Energy Summit

 Doha, Qatar

Excellency Muhammadu Buhari, President of the Federal Republic of Nigeria,

Excellences National Assembly Leaders, Ministers, Dignitaries, 

Ladies and Gentlemen, 

Greetings from the Secretariat of the Gas Exporting Countries Forum in Doha. 

I am honoured to address the 6th Nigeria International Energy Summit and extend my sincerest appreciation to His Excellency Chief Timipre Sylva, Minister of State for Petroleum Resources, for his kind invitation.

Nigeria is an important member of the GECF, and its representatives on our governing bodies contribute positively to the progress of the organisation. We are also fortunate to have competent and dedicated individuals from Nigeria working in our Secretariat. They are excellent team-players who are highly respected within the organisation.  

Nigeria is also a pillar member of two other organisations that are very dear to me, OPEC and APPO. I would like to take this opportunity to pay tribute to the late Mohammad Sanusi Barkindo, a great ambassador of Nigeria who was a passionate advocate of OPEC, the GECF and the energy world. May his soul rest in peace. 

Ladies and Gentlemen,

As the second largest gas producer in Africa, Nigeria plays an important role in natural gas markets. Its prospects are even brighter as it holds the largest proven gas reserves in the continent. According to the GECF Global Gas Outlook, published in January, gas production in Nigeria is expected to more than triple by 2050.   

President Buhari’s vision of the ‘Decade of Gas’ is a strategic move to transform the Nigerian economy into a gas-based one by 2030. The GECF expects gas consumption in Nigeria to increase nearly five-fold by 2050. 

Ladies and Gentlemen,

Energy powers our lives every day. 

It keeps the economy running, houses warm (or cold), and lights on. 

By 2050, the global population will increase by 1.8 billion people, the size of the economy will double, and the standard of living will be higher for most. 

The world will thus need more energy. But it also needs better air quality and less greenhouse gas emissions. 

The GECF Outlook forecasts that global primary energy demand is set to increase by 22% by 2050, despite significant energy efficiency improvements. 

Clean, available, affordable and versatile, natural gas will play a crucial role in alleviating energy poverty and supporting socio-economic development. 

By 2050, the demand for natural gas is expected to increase by 36%, and its share in the global energy mix to rise from 23% today to 26%. 

Africa is well endowed in natural gas resources. 

To turn these resources into supply requires heavy investments. 

The argument that Africa should forego the development of its abundant natural gas resources for the sake of environmental protection is deeply misguided. In fact, a developed Africa is better equipped to safeguard the environment than a poorer Africa. 

Therefore, access of African countries to financial resources and to advanced technology shall be preserved and facilitated. 

Just recently, Mozambique became an LNG exporter last November, and Mauritania and Senegal are set to become exporters in the near future. 

We are proud to welcome Mozambique to the GECF and look forward to Mauritania joining us later this year. 

Ladies and gentlemen, 

Once again, thank you for your kind invitation and I wish your Summit all the success.

Thank you. 

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Message of HE Eng. Mohamed Hamel at the 6th Nigeria International Energy Summit  Doha, Qatar
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