Stakeholders at the Nigeria Oil and Gas (NOG) Conference and Exhibition have called for an equitable energy mix to enhance transition in consideration of Green Hydrogen investment and Carbon Capture and Storage (CCS) Technology.
The stakeholders made this known during a panel session tagged “ Candid Conversation: Defining the Journey to Equitable Energy Mix for Nigeria’’ at the on-going NOG Energy Week.
The 2023 Energy Week, which is the 22nd edition of the annual event, has as theme: “Powering Nigeria’s Sustainable Energy Future”.
CCS technology has been considered as an important methodology to reduce Carbon Dioxide (CO2) emissions and as key to help in tackling global warming.
The global demand for Green Hydrogen, which is a cleaner and alternative low carbon energy, is anticipated to increase by 700 per cent by 2050.
The session however explored cleaner energy options that can be utilised by the manufacturing sector in meeting Nigeria’s energy supply needs and steps to unlock investment opportunities for alternative energy sources.
Speaking, Abimbola Wycliffe, Head of Investment and Technology Promotion Office in Nigeria of the United Nations Industrial Development Organisation (UNIDO) said that from the UN perspective, energy transition was seen as an opportunity for industrialisation not a task.
Wycliffe said Nigeria could make the energy transition to work by embracing technologies such as CCS and utilisation.
“If the UN has been pushing the narratives of energy sustainability and low carbon emission future, why can’t we then push for top leadership in the sector to toll the light in achieving decarbonisation?
“It cannot be overemphasised that energy transition for a period of 15 to 20 years is inevitable. This is our reality but we can make it work by embracing the technologies such as carbon capture, storage and utilisation.
“If we do not start to talk about hydrogen, there will not be an opportunity to key into the technology when it is scaling in other climes.
“It is very good for Nigeria to embrace the narratives around Hydrogen because the more we scale renewables the more viable green hydrogen will be for us in our energy mix,’’ she said.
She urged the International and Indigenous Oil Companies to adopt or have a discussion with UNIDO, which had some key programmes targeted at accelerating clean tech, addressing energy transmission as well as empowering youths.
She said though there was an energy transition plan, Nigeria needed to articulate a narrative in terms of strategies for attracting and retaining green funding to see maturation towards a new world of low emission, industrialisation and empowerment.
“We gather to discuss oil, gas and economy but how to balance the industry is missing in the conversation.
development and issues bothering climate change, efficient energy mix and low emission.
Alabo said, TotalEnergies being a company committed to delivering energy with less emission, was ready to support the country in the journey towards decarbonising the oil and gas industry.
He said it was committed to CCS technology and nature based solutions, adding that TotalEnergies was always focused on finding solutions that matched the content.
“A lot of our research today on CCS is focused on reservoirs, using them to test the technology and continue to develop and innovate,’’ he said.
He said one of the advantages of Decade of Gas was being able to grow our consumption of natural gas domestically from one Pound Cubic Feet (PCF) to two PCF per day.
“TotalEnegies is committed to helping the direction the country will take in ensuring efficient gas supply and achieving carbon neutrality by 2060.
“We have laudable projects expected to come out in 2026 and 2027 targeted at producing up to 500 million scoff gas into the supply,’’ he said. (NAN)
