The Federal Government has taken a significant step towards strengthening its gas sector regulatory framework through a strategic partnership with the United Kingdom’s Office of Gas and Electricity Markets (Ofgem). Besides, the government also seeks to draw insights from OfGEM’s practices in promoting investor confidence and consumer protection.
The partnership was sealed during a meeting in London between the Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo and officials from OfGEM and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The Spokesman for the Minister of State Petroleum Resources (Gas), Louis Ibah, in a statement made available to yesterday, noted that the collaboration aims to enhance regulatory innovation and capacity development in Nigeria’s gas sector, with a focus on domestic utilisation, regional energy integration, gas-to-power projects, expansion of infrastructure through targeted investment and innovation, including pipelines and Compressed Natural Gas (CNG) networks.
It further noted that Ekpo, during the meeting emphasised the need for strong collaboration between Nigerian and UK-based firms to boost investment in gas development, stressing that partnerships between the two countries could attract investments to bolster Nigeria’s gas infrastructure.
The Gas Minister also highlighted the importance of developing regulatory frameworks that support the integration of renewable gases, such as hydrogen, into Nigeria’s energy mix
