* As TotalEnergies Move To Increase Investment In Carbon Footprint Reduction
By Celestine Okafor (Editor-in-Chief) @CeleOkaf11
International Oil Companies (IOCs) operating in country have promised to support the efforts by the federal government to make gas Nigeria's transition fuel in the face of the global energy transition to cleaner sources of energy.
According to the IOC's, this development has become necessary in the bid to ensure a cleaner energy sources in Nigeria.
Meanwhile, TotalEnergies Nigeria has revealed its plans to increase investment towards the reduction of carbon footprint in the country, stating that it has so far reduced its carbon footprint to a considerable level.
The Company explained that tackling carbon footprint reduction requires deliberate efforts by all stakeholders in the oil and gas industry. It stated that energy company has invested a lot of financial and human resources towards decarbonising the Nigerian environment and her economy.
The Deputy Managing Director, Deepwater, TotalEnergies Nigeria, Victor Bandele, made these disclosures in a panel session at the 6th edition of the sub-Saharan African International Petroleum Exhibition and Conference (SAIPEC) hosted by the Petroleum Technology Association of Nigeria (PETAN) which ended in Lagos on Thursday, February 24th, 2022.
The themed of the discussion was: “Dynamics of Sub-Saharan Africa’s Energy Oil and Gas Sector as we strive to a Low Carbon Future, an IOC perspective.”
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Bandele who also spoke on the Petroleum Industry Act (PIA), said stakeholders are still seeking clarity in terms of the marketing aspect of gas contained in the Act. He pointed out that the Act has brought about a lot of clarity into the fiscal terms where investors can make investment decisions.
Bandele further revealed that TotalEnergies Nigeria is committed to achieving carbon neutrality in its operation by 2050, adding that the company is in line with its new profile as an energy company, exploring all energy sources which includes biofuels, solar, gas electricity and hydrogen
“We have taken that on board and we are aligning with the federal government because the government itself has demonstrated that this is where it is heading to,” he said.
Managing Director, Chevron Nigeria/Mid Africa Business Unit, Rick Kennedy, in his earlier presentation, said Africa’s young, skilled and large population as well as its abundant gas resources, provide a huge opportunity for investors.
Rick Kennedy who was represented by the Director, Deepwater/Production Sharing Contract of Chevron, Mr. Bobby Heuliet, also said that Chevron would continue to invest and make significant contributions to the Gross Domestic Product (GDP) of the region.
He assured that “Our vision is in line with the aspiration of African countries, including Nigeria to use gas as a transition fuel. We will continue to make investments that would promote gas development". (With additional reports from Guardian.ng). NNL.
