…diplomacy.'' Ekpo said that as nations pursued decarbonisation without sacrificing energy security, global demand for Liquefied Natural Gas (LNG) had been projected to grow across Europe and Asia. The minister said that the country did not intend to merely participate in the market but to lead it. "The expansion of Nig…

…domestic refining capacity would naturally lead to more competitive pricing and improved energy security. Similarly, the Nigerian Midstream and Downstream Petroleum Regulatory Authority has repeatedly stated that petrol prices must remain cost-reflective under the deregulation regime. The authority recently warned agai…

…policies should therefore focus on promoting affordable energy while ensuring energy security," he said. Ukadike also called for the rehabilitation and full operation of local refineries, including the Port Harcourt and Kaduna Refineries. He said that the domestic refining capacity would enhance competition, diversify…

…will continue to pursue measures that enhance availability, affordability and long-term energy security for Nigerian consumers," the minister said in a statement.

…and consumer-friendly downstream petroleum sector that supports fair pricing, energy security and sustainable economic growth.