Wednesday, April 2, 2025
Home Energy NNPC@COP28: KYARI MAKE CASE FOR ENERGY TRANSITION FOR AFRICA

NNPC@COP28: KYARI MAKE CASE FOR ENERGY TRANSITION FOR AFRICA

As conversations on finding sustainable solutions for a decarbonized energy future continue to hold globally, the Group Chief Executive Officer (GCEO), NNPC Ltd., Mele Kyari has said the African Continent needs “a just, differentiated transition” to enable it to harness its resources for the benefit of its future generations.

The GCEO made this known while speaking at a Regional CEO Panel organised by McKinsey & Company on the sidelines of the ongoing United Nations Conference on Climate Change (UNCCC), also known as the COP28 Conference, in Dubai, UAE, on Monday.

Joining other global energy leaders from the United States, Holland, and Oman to highlight energy perspectives and insights on the evolving energy market, said the world must understand Africa’s peculiarities in addressing the effects of climate change on energy businesses.

He said In present Africa, 75% of the population doesn’t have access to electricity, whereby biomass is a key energy source. He explained that the world needs to recognize that the most practicable thing today is to substitute what africa has in the short term to close the energy gap for its rising population.

According to the GCEO, with abundant natural gas reserves of 206 trillion cubic feet (tcf) that have the potential to rise to 600tcf, Nigeria is currently utilizing gas to drive its journey towards energy transition.

He said that NNPC Ltd. is creating a regional gas pipeline network to supply natural gas across the African continent and boost its Liquefied Natural Gas (LNG) supply to the foreign market.

Explaining that NNPC Ltd. is currently eliminating gas flares in almost all its gas projects, Kyari said the idea is to deploy such gas towards developing power plants nationwide, which will boost nationwide electricity supply, create employment opportunities, and trigger the nation’s industrial and economic development.

He said that to demonstrate NNPC Ltd’s commitment to a net-zero future by 2025, the Company recently signed up as a participant in the United Nations Global Compact in New York, becoming the first state-owned oil company to join the global initiative.

RELATED ARTICLES

FCCPC ENGAGES DISCOS OVER PREPAID METER PHASE-OUT.

In line with its mandate to protect consumers and promote fairness in the Nigerian marketplace, the Federal Competition and consumer protection council FCCPC  says...

ARCING ON BENIN-EGBIN 330KV ISOLATOR AT EGBIN:  TRANSMISSION SUBSTATION DID NOT CAUSE SYSTEM COLLAPSE.

The Transmission Company of Nigeria (TCN),  says,  as at  6:10pm on the 5th August, 2024, power supply was restored to areas that had been...

FCCPC APPLAUDS NERC FOR FINES, DEMANDS ACTION TO PROTECT CONSUMERS IN NEW ELECTRICITY REGIME.

  The Federal Competition and Consumer Protection Commission (FCCPC) has applauds  the recent enforcement action taken by the Nigerian Electricity Regulatory Commission (NERC) against the...

Most Popular

FG CALLS ON IOCs IN NIGERIA TO RAMP UP INVESTMENT .

The Federal Government has called on International Oil Companies (IOCs) operating in Nigeria to ramp up investments in the country’s oil and gas sector,...

UPDATE ON PAYMENT OF UNINSURED SUMS TO DEPOSITORS OF HERITAGE BANK (IN-LIQUIDATION)

In response to concerns raised by depositors of the defunct Heritage Bank whose balances exceed the maximum deposit insurance limit of N5 million, the...

NNPC LTD READY FOR INITIAL PUBLIC OFFER .

The Nigerian National Petroleum Company Limited says,  is at the final stage of getting listed in the capital market, in keeping with the provisions...

SAVE THE CONSUMERS CONDEMNS MULTICHOICE’S DISCRIMINATORY PRICING BETWEEN NIGERIAN AND SOUTH AFRICAN SUBSCRIBERS.

The executive Director save the consumer Dr. Aliyu Ilias, a non-governmental organisation committed to defending consumer rights, strongly condemns the recent 21% price increase...

Recent Comments