The Nigerian National Petroleum Commission NNPC has expressed its commitment to work with global partners towards reducing methane emissions in oil and gas operations.
This follows the release of the Oil and Gas Decarbonization Charter, which is a part of the on-going United Nations Climate Change Conference also known as COP28 taking place in Dubai.
The Charter calls on the oil and gas sector to achieve to the goal of reaching net – zero emissions for their own operations by 2050. It also includes commitment to reach near zero emissions and no routine flaring by 2030, according to Business Elites.
Speaking on the development during a panel session, the NNPC’s vice president upstream, Oritsemeyiwa Eyesan, expressed optimism on the objectives of the charter, and reiterated the company’s commitment to collaborate with stakeholders to achieve them.
She added that Nigeria had already declared this decade ‘Decade of gas’. This is aimed at not just exporting more gas but providing gas for the country’s local economy and the African sub-region.
She expressed the need for African countries to work with partners who have the needed technology and finance, as they are the major challenges evident in delivering the charter.