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NNPC GAS & POWER INVESTMENT SERVICES
Introduction

Introduction

NNPC Gas and Power Investment Services (NGPIS) serves as the investment management arm of the Gas, Power, and New Energy Directorate (GP&NE) within NNPC Limited. Our primary strategic objective is to effectively invest and manage assets in the Power, Gas-based industries, and Liquefied Natural Gas (LNG) businesses in a responsible & profitable manner.

 

Mandate

NNPC Gas and Power Investment Services (NGPIS)’ mandate is to monetize the abundant natural gas reserves in Nigeria by promoting domestic gas utilization and maximizing profit through sustainable investments across the gas and power value chains to ensure energy security in the country.

Who We Are

We are NNPC Gas and Power Investment Services (NGPIS), a source of pride as the investment management arm of the esteemed Gas, Power, and New Energy Directorate (GP&NE) within NNPC Limited. Our paramount purpose is to be the driving force behind effective investment and asset management in the Power, Gas-based industries, and Liquefied Natural Gas (LNG) businesses, with a clear and resolute focus on deepening domestic gas utilization and expanding the export of natural gas.

What We Do

Our primary goal is to unlock the full potential of Nigeria's abundant natural gas reserves and propel the promotion of domestic gas utilization. We achieve this by strategically monetizing these valuable resources and making sustainable investments across the entire gas and power value chains.

POWER

In the Power Business, our efforts are focused on current and future investments in power generation. We are actively involved in captive and embedded power generation, and our long-term plan is to extend beyond and diversify across the full value chain, including transmission, distribution, and power trading. Embracing cutting-edge technologies and partnering with credible industry stakeholders, we seek to revolutionize the power sector and provide reliable, accessible, and clean energy solutions for the nation. Currently, we own three power plants (Afam VI, Okpai I & II) and we are building two (Gwagwalada IPP and Maiduguri Emergency Power Plant, MEPP) many other power plants are undergoing pre-FID activities.

Gas-Based Industries (GBIs)

Our involvement in the gas-based industries business is marked by strategic investments in key areas such as fertilizer, methanol, ammonia, and other petrochemicals. By nurturing these ventures, we aim to drive growth and innovation within the sector, contributing to economic prosperity while prioritizing sustainable practices. Currently, we have 20% equity in Brass Petrochemical Limited, we are considering taking 20% equity in Blackrose Petrochemical Limited, 15% equity in NSIA-OCP Petrochemical Limited and many others are undergoing analytical processes for consideration.

Liquefied Natural Gas (LNG)

Within the realm of LNG business, we take immense pride in our role as managers of both investments and assets of Nigeria Liquefied Natural Gas (NLNG) on behalf of the Federal Government. Our responsibility encompasses managing and optimizing the performance of this critical national asset. Furthermore, we are keenly exploring opportunities in the Floating LNG (FLNG), Small Scale LNG, and Mini LNG spheres, collaborating with prospective investors to expand and diversify our LNG portfolio. Currently, we have 20% equity in UTM-FLNG and we are in the process of partnering with Golar LNG to build additional Floating LNG in Nigeria.

Throughout our operations, NGPIS is steadfast in fostering collaboration and partnerships with credible and technologically proficient entities. We believe that collective efforts and innovative synergies are instrumental in driving progress and achieving transformative outcomes in the energy landscape.

Moreover, our commitment to sustainability underscores every aspect of our business. As we venture into new territories and invest in diverse projects, we remain dedicated to promoting responsible practices and adhering to the highest standards of integrity, environmental consciousness, and corporate governance.

At NGPIS, we envision a future where Nigeria's natural gas reserves play a pivotal role in advancing the nation's prosperity, meeting the energy needs of its citizens, and contributing to a greener and more sustainable planet.

Strategic Direction

Achieve 1.040 Bscfd domestic gas utilization by 2028.

• Achieve 2.605 GW power generation by 2028 

• Explore Transmission partnerships/Investments to unlock evacuation & power improvements 

• Support NLNG to achieve 30MTPA capacity by 2026 and invest in other LNG initiatives such as FLNG, SSLNG etc. Optimizing Gas Utilization: 

* Invest in viable Gas-Based Industries businesses (GBIs) e.g., Fertilizer, Methanol, Ammonia and other Petrochemicals.

Our primary goal is to unlock the full potential of Nigeria's abundant natural gas reserves by promoting domestic gas utilization across various sectors. We will actively invest in projects that increase gas adoption in power generation, industries, and other key areas, ensuring efficient and responsible use of this valuable resource. Diversification in Power Business: In the Power Business, we will extend beyond our current investments in captive and embedded power generation. Our long-term plan involves diversifying across the full power value chain, including transmission, distribution, and power trading. By embracing cutting-edge technologies and collaborating with credible industry stakeholders, we aim to create a resilient and sustainable power sector that meets the nation's growing energy demands. Driving Growth in Gas-based Industries: In the gas-based industries, we will strategically invest in critical areas such as fertilizer, methanol, ammonia, and other petrochemicals. Our focus is to drive innovation and growth within the sector, contributing to economic prosperity while prioritizing sustainable practices that minimize environmental impact. Advancing LNG Opportunities: Within the realm of LNG, we take immense pride in managing and optimizing Nigeria Liquefied Natural Gas (NLNG) investments and assets on behalf of the Federal Government. Looking ahead, we will seize opportunities in Floating LNG (FLNG), Small Scale LNG, and Mini LNG spheres. By forging partnerships with prospective investors, we aim to expand and diversify our LNG portfolio, contributing to global energy supply and enhancing Nigeria's position in the international LNG market. Fostering Collaboration and Innovation: Collaboration is at the heart of our approach. We will continue to foster partnerships with credible and technologically proficient entities, leveraging collective efforts and innovative synergies to drive progress in the energy landscape. 

By cultivating an ecosystem of collaboration, we aim to create a thriving energy sector that maximizes opportunities for growth and sustainable development. Promoting Sustainability and Corporate Responsibility: Sustainability is fundamental to our business ethic. In all our ventures and investments, we will uphold the highest standards of integrity, environmental consciousness, and corporate governance. Our commitment to responsible practices will ensure that our endeavours align with global sustainability goals and positively impact the communities we serve.


 

Management Team
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Ibrahim B. Hamza
Chief Gas & Power Investment Officer
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Ayuba M. Rabo
Head, Planning & Commercial
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Olayinka O. Komolafe
Head, Asset, & Investment Management
Corporate Social Responsibility

CSR for flood control at Bolori Community from our Maiduguri Emergency Power Project (MEPP)

Contact Address
NNPC Gas & Power Investment Services Room 3, Seventh Floor, Block A NNPC Towers, Central Business District, Abuja