April 20, 2024
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OIL & GAS RENEWABLE ENERGY

NNPC Chief Advocates Differentiated Approach to Energy Transition in Africa

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mr. Mele Kyari, has called for a nuanced approach to energy transition in Africa amidst increasing global pressure for cleaner energy sources.

Speaking during a Leadership Dialogue Session at the ongoing CERAWeek Conference in Houston, United States, Kyari emphasized the importance of addressing energy availability and security before fully embracing the transition to cleaner fuels.

“The world has seen all the challenges thrown up recently by geopolitical events. It is clear that before the energy transition, countries must first attain security of energy supply in their countries.

“You cannot talk about energy security when it is not even available. In most of sub-Saharan Africa, 70% of the population doesn’t have access to clean cooking fuels. Therefore, you must fill the supply gap first,” the GCEO stated.

He stressed the necessity of bridging the energy supply gap before focusing solely on transitioning to renewables.

“If you insist on completing substitution today, then you have to deal with the problem of supply. For us today, the transition must be differentiated. Even if Africa decides to switch off its fossil fuels, it only accounts for just about 3% of the entire global emissions,” the GCEO added.

Despite the push for renewable energy, Kyari emphasized the crucial role of gas in achieving a cost-effective transition, citing Nigeria’s abundant gas resources as a viable alternative fuel source.

“We understand the arguments towards attaining energy transition, but the cheapest way to achieve that is through gas. We see clear opportunities that gas creates. Today we are building a number of trunklines and other gas infrastructure that will supply gas to a number of gas networks,” Kyari noted.

NNPC’s current priority, according to Kyari, is to enhance its capacity to supply gas both domestically and internationally. He highlighted ongoing efforts, including the Nigeria-Morocco Gas Pipeline Project, aimed at extending gas infrastructure across Africa and into Europe.

Kyari revealed that the Final Investment Decision (FID) for the $25 billion Nigeria-Morocco Gas Pipeline Project is slated for December 2024, underscoring NNPC’s commitment to leveraging gas resources for economic development.

Amidst discussions on energy security and climate issues at the CERAWeek Conference, Kyari emphasized the importance of restoring confidence in Nigeria’s oil production and advocating for global cooperation to address the challenges posed by crude oil theft.

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