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Friday, November 8, 2024

Renewable energy: Nigeria not transitioning away from hydrocarbons-Kyari

As the world shifts to renewable energy sources, Nigeria will definitely not transit away from hydrocarbons.

According to the Group Chief Executive Officer, NNPC Limited, Mele Kyari, Nigeria hopes to see an increase in the footprint of alternative cleaner energy sources in the foreseeable future amid fossil fuel dominance. 

Energytimesng reports that Nigeria reclaimed the top spot on Africa’s largest producers list, surpassing Libya and Angola after reporting 1.18 million barrels per day, bpd for May 2023. 

Speaking at the Society of Petroleum Engineers’ Annual International Conference & Exhibition NAICE  2023 in Lagos on Monday, Kyari said Nigeria will use what it has to get to its desired destination.

“This is the reason that NNPC Limited has identified gas as a transition fuel and we are expanding our gas development and gas infrastructure across the country to increase energy accessibility. Today, Nigeria has about 209.5 Trillion Cubic Feet of natural gas reserves with a potential upside of up to 600 TCF, and this is an enormous resource that would drive cleaner and affordable energy vision. “Other alternative energy sources such as solar and wind are faced with technology limitations. They are still not affordable and cannot meet the high energy demands of our industries, cities and remote environments”, he stated 

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Represented by the Executive Vice President, Upstream, Adokiye Tombomieye, Kyari noted that NNPC Limited plan is to sustain and increase our aggressive gas development and gas transportation projects to achieve affordable and clean energy which is the United Nations Sustainable Development Goal (SDG), Goal No. 7, as our strategic energy plan towards finding a balance for the energy trilemma.

“I would like to encourage all industry stakeholders and this professional body (SPE) Nigeria Council to contribute to ensuring the provision of affordable, clean, and efficient energy options to our stakeholders comprising over 200 million Nigerians, under a just and equitable transition. This includes not only our efforts in harnessing the existing energy resources but also in innovative research, development, and adoption of new and emerging technologies in the energy sector.

“Our collective success will be defined by how we deliver an affordable wide range of energy sources sustainably, he stated 

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