NUPRC. Canvasses For African Investors' Involvement In The Operation 3.1 Million Cubic Feet Per Day Gas Deficit By 2030
NUPRC canvasses African investors to address a 3.1 million cubic feet per day gas deficit by 2030. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has urged businesses operating in the African oil and gas sector to take advantage of Nigeria's new regulatory and commercial environment. The aim is to halt the projected gas deficit of 3.1 billion cubic feet per day by 2030. Speaking at the Africa Oil Week in Cape Town, South Africa, the CEO of NUPRC, Mr Gbenga Komolafe, stated that opportunities are available for existing investors and new entrants in the Nigerian upstream gas sector. During a presentation at a recent conference, Komolafe discussed the potential for investment opportunities in Nigeria's upstream petroleum sector about the Energy Transition Regime. He highlighted the favourable fiscal incentives outlined in the Petroleum Industry Act (PIA) and encouraged interested investors to take advantage of them. Komolafe also emphasized Nigeria's potentia