June 19, 2024
11 11 11 AM
COMMISSIONER OF POLICE IN ANAMBRA ORDERS IMMEDIATE MANHUNT ON ARMED MEN WHO ABDUCTED A CITIZEN IN NNEWI
PRESIDENT TINUBU SAYS NIGERIANS MUST HAVE A CHANGE OF VALUE SYSTEM IF THE NATION IS TO MAKE PROGRESS   
2024 HAJJ: NAHCON DISAPPOINTS NIGERIAN PILGRIMS -GOVERNOR BALA MOHAMMED   
GOVERNOR MUTFWANG CONDEMNS ATTACK ON TASK FORCE AND TRADERS IN BUKURU
PRESIDENT TINUBU DEPARTS LAGOS FOR PRETORIA, TO ATTEND THE INAUGURATION OF PRESIDENT CYRIL RAMAPHOSA
MINISTER OF AVIATION AND AEROSPACE DEVELOPMENT UNVEILS PLANS TO TACKLE TOUTS AT AIRPORTS
JAMB TO HOST 2024 POLICY MEETING ON ADMISSIONS     
SIR AHMAD BELLO MEMORIAL FOUNDATION DECRIES HIKE IN PRICES OF FOODSTUFFS AND OTHERS
SOUTHERN LEADERS DRUM SUPPORT FOR NYESOM WIKE     
HEAVY DOWNPOUR DISPERSES MUSLIM FAITHFULS AT EID PRAYER GROUND IN NIGER           
OFFICE OF THE SECRETARY TO THE GOVERNMENT OF THE FEDERATION

GAS IS OUR TRANSITION FUEL- AFRICAN PETROLEUM PRODUCERS 

Share

GAS IS OUR TRANSITION FUEL- AFRICAN PETROLEUM PRODUCERS                                                                                     29-02-24

By Sadiq Aminu                                                     African Petroleum Producers say they have adopted Gas as their preferred Energy transition option.

The Secretary General of the African Petroleum Producers Organization Dr. Omar Ibrahim at the 7th Nigeria International Energy Summit in Abuja, explained that the continent needed to create its local Market to address the challenges of funding.

Globally, there have been calls to move from Fossil to renewable energy by experts but in Africa, there is the argument that only 4% of the continents green house gasses is responsible for heating up the atmosphere.

The Secretary General of the African Petroleum Producers Organization, Dr. Omar Ibrahim therefore affirmed that despite the global acceptance of the energy paradigm shift from Fossil to renewable energy, it was determined to embrace an energy mix to guarantee the energy security of the continent.

Dr. Omar highlighted the challenges of Africa Energy transition to include Funding, Technology and Markets, and called on Africa Academia to proffer smart and innovative solutions to the continents Energy Security concerns.

“Africa is not responsible for the legacy emissions which have been responsible for polluting the atmosphere, we have aboundant energy reserves and we will use them to also industrialise our continent.”

He revealed that the decision for the host country for the Africa Energy Bank a subject which dominated conversations at the summit, will be made by the end of March this year, establishment of the Africa Energy Bank

The federal government also restated its decision to define its terms on energy transition.

Minister of State Petroleum Resources (Oil), Sen.Heineken Lokpobiri, stated this in his address at the panel session, The Minister assured that Nigeria was not against transition but would transit in a more environmentally friendly and sustainable way.

“You can never find any better climate for oil businesses than Nigeria”, he noted.

Lokpobiri reiterated the resolve of the government to provide support and create the enabling environment for oil companies and businesses to thrive.

Also, in his remarks, the Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo restated the adoption of Gas by the federal government as its transition fuel.

General Manager, Finance, Nigeria Liquified Natural Gas, Fatima Adanan said the company was producing gas for local consumption but had a deficit of metric tonnes to meet up demand.

Panelists from South Africa, Namibia and Gambia said the adoption of energy mix to ensure energy security and sustainability.

0 0 votes
Article Rating

Leave a Reply

0 Comments
Inline Feedbacks
View all comments
Home
Our Channel
About Us
Contact Us
0
Would love your thoughts, please comment.x
()
x