Business
NOG Energy 2025: Julius Rone Speaks on Strengthening Interconnected Gas Markets
The Group Managing Director, UTM FLNG, Julius Rone, will join other top industry experts and government officials to speak at the NOG Energy Week 2025 at the Bola Ahmed Tinubu International Conference Centre, Abuja on Wednesday.
Rone, will join other leaders at strategic plenary session to discuss ideas on ‘’Strengthening Interconnected gas markets.’’ Attendees are expected to listen to solutions to key regulatory and gas infrastructure challenges, highlighting how the industry can collaborate to build a more efficient and interconnected gas trade system.
The session is crucial as global energy demand is projected to rise by about 30% by 2040, meeting this demand and expanding the gas market hinges on a coordinated approach that strengthens upstream production, accelerates midstream infrastructure development, and enhances market accessibility.
Across the continent, governments and industry players are forging strategic partnerships and establishing resilient trading networks to ensure reliable gas supply, with key infrastructure projects such as Nigeria-Morocco gas pipeline, NLNG Train 7 and the Ajaokuta-Kaduna-Kano (AKK) pipeline underway to establish gas trade routes and promote economic growth.
While challenges persist, the continued investment in these supply networks will be crucial to ensuring long-term sustainability.
Other panelists with Rone include Michelle Burkett, MD, West Africa Gas Pipeline Company Limited (WAPCo) represented by Odey Simon Adamade, General Counsel, West Africa Gas Pipeline Company Limited (WAPCo), Dr. Ransome Owan, GMD – Power, Infrastructure & Real Estate, Aiteo Global Group, Engr. Michael Oluwagbemi, Programme Director and Chief Executive, Presidential CNG Initiative (PiCNG)
While the session will be moderated by Dr. Sophia Horsfall, GM – External Relations & Sustainable Development, NLNG.
Other participants at the four days event, NOG2025, include Sen. Heineken Lokpobiri, Honourable Minister of State for Petroleum Resources (Oil), Federal Republic of Nigeria, Hon. Ekperikpe Ekpo, Honourable Minister of State for Petroleum Resources (Gas), Federal Republic of Nigeria, Honourable Minister of Petroleum and Mineral Resources, Arab Republic of Egypt, Sen. John Owan Enoh, Honourable Minister of State for Industry, Trade and Investment, Federal Republic of Nigeria, Haitham Al Ghais, Secretary General, OPEC, Mr. Wale Tinubu, GCE Oando Group, Engr. Gbenga Komolafe, Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), among several others
President Bola Tinubu has reaffirmed the Federal Government’s commitment to rehabilitating and repositioning Nigeria’s dormant national refineries, declaring that the facilities will not be allowed to become stranded assets.
Tinubu was represented by the Permanent Secretary of the Ministry of Petroleum Resources, Mrs Patience Oyekunle, at the 20th OTL Africa Downstream Energy Week in Lagos on Monday.
The President said the government is adopting a more rigorous and commercially sustainable approach to the rehabilitation of the Port Harcourt, Warri and Kaduna refineries.
“At the same time, the government remains committed to ensuring that existing national refining assets are not allowed to become stranded investments,” the statement said.
“We are pursuing a more rigorous, commercially sustainable approach to the rehabilitation and repositioning of our refineries, supported by technical assessment, stronger partnerships, and improved operational discipline.”
The objective, according to the administration, is for Nigeria to refine more of its crude oil, create greater domestic value and become a reliable supplier of energy to Africa.
The national refineries, managed by the Nigerian National Petroleum Company Limited (NNPC), have remained largely inactive for years despite significant spending on turnaround maintenance. The NNPC has signed a memorandum of understanding with Chinese firms as part of ongoing efforts to revive the facilities.
Tinubu also noted the contribution of private refining capacity, particularly the Dangote Refinery, which has reached its 650,000 barrels-per-day nameplate capacity, in strengthening Nigeria’s prospects of becoming a net exporter of refined petroleum products.
AICL GMD Maureen Tamuno calls for stronger diaspora investment in Africa through trust, transparency, skills transfer and sustainable partnerships
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