Experts Advocate for Sustainable Practices in Oil and Gas to Reduce Emissions
Energy experts have emphasized that reducing emissions does not mean abandoning oil and gas, but rather adopting cleaner technologies and sustainable practices within the industry. This message was shared during a webinar titled “Transitioning Away from Emissions, not Oil and Gas,” organized by the Nigerian Institution of Petroleum Engineers (NiPeTE) and the Lagos Chamber of Commerce and Industry Professional Practice Group (LCCI PPG).
The discussion focused on the role of oil and gas in contributing to global emissions, and offered solutions to mitigate its impact. Dr. Nuhu Habib, former Executive Commissioner for Development and Production at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), noted that while oil and gas production does contribute to emissions, it is not the largest source of global greenhouse gases. He stressed that oil and gas will remain crucial to the global economy for at least the next fifty years.
Dr. Habib pointed out that oil and gas account for about 15% of industrial emissions and emphasized the need to focus on reducing overall emissions from industrial activities, rather than solely targeting oil and gas production, which could harm the global economy. He also criticized the incomplete financial commitments under the Paris Agreement for supporting African nations in climate change mitigation, underscoring the need for genuine international collaboration.
Mr. Gabriel Idahosa, President and Chairman of the Council at LCCI, highlighted the significant emissions from gas flaring and other petroleum activities in Nigeria, which contribute to climate change and harm public health. He called for innovative approaches to decarbonize the economy while maintaining the economic stability provided by oil and gas resources. He noted that oil and gas account for approximately 90% of Nigeria’s export revenues and 60% of government revenue, with the country’s CO2 emissions reaching around 120 million tons in 2023.
Idahosa urged the need for a strong policy and regulatory environment to support a sustainable transition, praising the Petroleum Industry Act as a step in the right direction, but also advocating for additional measures such as carbon pricing, tax incentives, and stricter environmental regulations.
Engr. Prisca Kanebi, National Chairman of NiPeTE, emphasized the importance of balancing global greenhouse gas reduction goals with Nigeria’s developmental needs.
Dr. Mohammed Malami, Planning and Commercial Research Officer at NNPC Ltd.’s Gas and Power Investment Service, called for the integration of low-carbon technologies and improved operational efficiency to reduce emissions without eliminating oil and gas entirely. He stressed the crucial role of policy support and collaboration in achieving a balanced energy future.
Source: NiPeTE
