The federal government is collaborating with global partners to reduce carbon emission in the country. The government also reiterated its determination to continue to invest in hydrocarbons in the foreseeable future leveraging on the country’s huge natural gas deposit despite the global clamour for renewable energy. The federal government of Nigeria currently has a huge gas reserve of about 600 trillion scf of gas deposit.
Minister of state for petroleum resources Timipre Sylva, who stated this at the 2021 Society of Petroleum Engineers (SPE) Nigeria Annual International Conference and Exhibition (NAICE) in Lagos yesterday, added that the collaboration would allow the country explore policies, technologies and investments.
The partnership, he stressed, is aimed at addressing the challenge of migrating from carbon dependent fuels in order to meet its commitment to the Paris Agreement.
He equally disclosed that determined efforts were being made to encourage more penetration of natural gas and its derivatives for domestic utilisation, power generation, gas-based industries and propulsion in all aspects of the national economy.
The minister said the government is determined to optimise the country’s abundant gas resources to achieve transition to low carbon energy sources.
“It is our belief that the distinguished Society of Petroleum Engineers (SPE) will be in the forefront of our quest to achieve the desired balance of clean environment, safe public health and a renewed global oil market.
“This forum will be an appropriate platform to bring to the front-burner the critical discussions that would forge a robust and implementable clean energy solutions pathway for Nigeria,” the minister said.
The chief executive officer, Seplat Petroleum Development Company Plc, Mr Roger Brown, said the company was committed to the aspirations of Nigeria and would continue to invest towards the objective.
Brown, represented by the executive director of Operations, Seplat, Mr Effiong Okon, commended the government for initiating projects and programmes to boost gas development in the country.
He said the programmes included the National Gas Expansion Programme, National Gas Transportation Network Code and Nigeria Gas Flare Commercialisation Programme.
According to him, the construction of infrastructures such as the NLNG Train 7 Project, Ajaokuta- Kaduna-Kano (AKK) and the Obiafu-Obrikon-Oben (OB3) pipelines, will help deepen gas utilisation in Nigeria.