The elimination of fuel subsidies has ushered in a new age of deregulation in the downstream industry, according to a statement released yesterday by the Major Energy Marketers Association of Nigeria (MEMAN). The company claims that this has opened the door for cutting-edge business models like peer-to-peer (P2P) energy trading, integrated multi-energy hubs, Virtual Power Plants (VPPs), and Energy-as-a-Service (EaaS). This was said by Mr. Huub Stokman, Chairman of the Major Energy Marketers Association of Nigeria (MEMAN), during a panel discussion titled “Navigating the New Frontier: Competition and Market Access in the Downstream Oil & Gas Industry” during OTL Downstream Week 2025.
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