Decarbonisation: NNPC Ltd Calls for Enhanced Collaboration and Transparency in Global Energy Sector
The Nigerian National Petroleum Company (NNPC) Ltd has urged greater collaboration and transparency within the global energy sector to drive efforts in reducing carbon emissions across the oil and gas value chain and achieving net-zero goals by 2050.
Group CEO of NNPC Ltd, Mele Kyari, highlighted this message during a Strategic Panel Session on “Decarbonising Operations across Upstream, Midstream, and Downstream” at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC 2024) in Abu Dhabi. Represented by NNPC Ltd’s Executive Director, Upstream, Mrs. Oritsemeyiwa Eyesan, Kyari stressed the importance of fostering openness among stakeholders to bridge decarbonization gaps effectively without isolating those lagging behind.
Kyari acknowledged the dual challenge of decarbonization and energy poverty in Africa. He noted that Nigeria has implemented two major policy shifts: declaring a “Decade of Gas” to transition towards a gas-driven economy and removing fuel subsidies to advance decarbonization. These initiatives, he explained, form the backbone of Nigeria’s approach to reducing carbon emissions.
As a signatory to the Oil & Gas Decarbonisation Charter (OGDC), Nigeria aims to eliminate gas flaring by 2030 by utilizing gas for automotive and power generation. However, Kyari pointed out that financing remains a significant challenge, as funding for gas projects often depends on international oil companies, which focus largely on gas exports. He emphasized the need for greater capital access for less energy-endowed countries to tackle these issues effectively.
Kyari commended the collaboration across the sector, citing TotalEnergies’ methane detection technology partnership with NNPC Ltd as a key example of joint innovation in decarbonization efforts. With over 180,000 participants, ADIPEC is the world’s largest gathering of energy professionals, focused on accelerating innovation and collaboration to advance global energy transformation.
Source: NNPC
