Can you introduce Tetracore Energy Group? 

We are an integrated energy company that has made significant strides in Nigeria over the past three years across the downstream and midstream sectors.  Our focus has been on developing distribution infrastructure within the natural gas sector and supplying natural gas. We are proud to be one of the few companies actively trading natural gas to different industries, including power generation companies. Recently, we commissioned our small-scale LNG Atakabo project, which includes two phases of 5 mmscf/d each to deliver gas to industrial and power customers within Nigeria. We have expanded our operations to other countries such as Ghana and Equatorial Guinea. In Ghana, we hold the first virtual pipeline license and have signed an agreement to deliver up to 50 mmscf/d of natural gas from our portfolio through the West African Gas Pipeline to support power generating companies. In Equatorial Guinea, we are involved in small-scale domestic LNG supply projects aimed at serving local industries. Our goal is to expand the natural gas footprint not only in Nigeria but also in selected markets across the African landscape. What are the obstacles to unlocking gas reserves in the upstream sector? 

The cost of financing for African projects tends to be high and accessing capital can be challenging. Innovative solutions are necessary to address this issue and attract investment, particularly for initiatives focused on gas for industrialization. Finally, technology plays a crucial role. Improving production efficiency through technological advancements can help reduce costs and make projects more economically viable, particularly in regions like Ghana and Equatorial Guinea where our operations are expanding. Secondly, there is a significant need to develop human capacity. Despite Africa's vast natural resources, translating these reserves into economic growth requires skilled personnel. 

How does Tetracore Energy Group address the issue of developing human capacity within the company? 

The launch of Tetracore’s graduate management training program is designed to engage young individuals throughout the entire gas and power value chain, renewables energy, innovative energy technology, behavioral and soft skills, and business management skills. Tetracore’s training program will consist of intensive in-class sessions, fieldwork to power plants, midstream processing facility and behavioral and soft skills development exercises to provide them with knowledge and practical experience. By investing in our people and equipping them with the necessary skills, we aim to cultivate a new generation of energy leaders capable of driving innovation and growth. 

What is your perspective on recent legislative actions regarding gas commercialization in Nigeria? 

Recent legislative actions regarding gas commercialization in Nigeria are a positive step towards unlocking the country's vast gas reserves. Historically, policies have prioritized oil-based production for profit gains only, leading to underdevelopment in the gas sector. However, the shift towards gas mainstream development reflects a growing recognition of gas as a critical resource for economic transformation, particularly for industrialization. The challenge now lies in translating these legislative reforms into tangible initiatives that attract investment and drive real progress in gas infrastructure development and commercialization. 

Where do you see the greatest demand for gas within Nigeria? 

Demand for gas is particularly pronounced in regions with nascent industrialization efforts. Currently, only about 7% of our gas production is utilized for manufacturing purposes, which underscores the urgent need for industrialization. Transforming Nigeria's economy to an industrialized powerhouse requires access to energy, which we possess abundantly. Developing industrial parks, like in Edo State, have shown promising results by attracting multiple industries and enhancing power generation capacity. Projects like the Ajaokuta-Kaduna-Kano (AKK) pipeline have the potential to stimulate industrial growth and drive demand for natural gas. Improving power generation infrastructure and incentivizing investments in gas are vital steps toward achieving energy security. Gas-based industrialization is the key, leveraging Nigeria's substantial gas reserves to fuel transformative economic activities such as petrochemical production. As we navigate the energy transition, gas will continue to play a pivotal role in driving industrialization and sustainable economic growth. 

What are Tetracore Energy Group's priorities for the next year? 

We are deeply committed to initiatives that promote inter-African trade and industrialization, such as the African Continental Free Trade Area (AfCFTA), to support infrastructure development and facilitate the movement of goods and services. In the coming years, we anticipate achieving significant milestones, including the completion of critical CNG projects and the expansion of gas supply to industry. Our collaboration with upstream suppliers and producers will enable us to unlock gas assets and support our downstream operations, in Nigeria and other African markets. Overall, our goal is to drive economic growth, promote sustainable development, and contribute to energy security across the continent.