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Nigeria, IEA Seal Pact on Methane Reduction, Clean Cooking Expansion

Nse Anthony-Uko by Nse Anthony-Uko
9 months ago
in Business
What is International Energy Agency (IEA)

What is International Energy Agency (IEA)

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Nigeria and the International Energy Agency (IEA) have signed an agreement to reduce methane emissions in the oil and gas sector while expanding access to clean cooking solutions nationwide.

The federal government’s Memorandum of Understanding (MoU) with the IEA aims to strengthen cooperation on methane emissions reduction, gas development, access to clean cooking, and technical support.

Speaking on Tuesday during the signing ceremony at the IEA Headquarters in Paris, France, the minister of state Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, said the agreement formalised a strategic partnership aimed at improving efficiency, strengthening governance and aligning Nigeria’s petroleum industry with global best practices.

He noted that the collaboration was built on earlier engagements between both parties, including the inaugural Sub-Saharan Roundtable on methane emissions reduction hosted in Nigeria.

“This MoU marks an important milestone in our collective efforts to advance the Nigerian petroleum sector in a manner that is efficient, sustainable and aligned with global standards.”

The minister explained that the framework covers methane emissions reduction, policy and analytical support, institutional and technical capacity building, data sharing, gas development and expansion of gas infrastructure.

Ekpo also highlighted clean cooking as a major pillar of the agreement, noting that the federal government, under President Bola Ahmed Tinubu, is targeting to reach 5 million homes with Liquefied Petroleum Gas adoption by 2030.

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He expressed confidence that the partnership with the IEA would provide technical expertise and global insights to strengthen project bankability and accelerate infrastructure delivery.

 

The IEA executive director, Dr Fatih Birol, who represented the Agency at the signing ceremony, commended Nigeria’s commitment to reducing methane and expanding clean cooking gas.

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Nse Anthony-Uko

Nse Anthony-Uko

Nse Anthony-Uko is a business and financial journalist with over two decades of experience covering Nigeria's financial system, economy, energy sector, corporate landscape, and global economic developments. Her expertise blends frontline journalism with editorial leadership and a strong grasp of financial market dynamics. She has earned multiple professional recognitions and was selected for the International Visitors Leadership Programme (IVLP) in the United States.

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