Starzs Investments Launches Gas Venture
As part of its commitment to play an active role in the Federal Government agenda to deepen domestic utilisation of gas in the country, Starzs Investments Company Limited has launched its latest venture known as Starzs Gas.
The Managing Director and Chief Executive Officer of Starzs Investments Company Limited, Iroghama Ogbeifun, made the disclosure at the 2022 Gastech Conference, which held in Milan, Italy.
“We renetly launched Starzs Gas, a new company focusing on domesticating natural gas in Nigeria. Gastech 2022 for us is a platform to meet ither global players, discover the latest technology and forge new partnerships in our drive for innovation in the gas space, Ogbeifun said via her Linkedin platform.
“It is also an opportunity to introduce Starzs Gas to relevant Nigerian stakeholders like the Nigerian Gas marketing Company, Gas Aggregation Company of Nigeria, and Nigeria Gas Company as well as private companies like Axxela, she added.
Starzs Investment Company Limited
Established in 1986, Starzs Investments Company Limited has grown to be one of Nigeria’s foremost 100 percent Indigenous Marine Logistics Service Company rendering safe and professional services to both International and Local Oil Companies.
A valuable combination of knowledge, expertise and experience gained over the years, in marine logistics and midstream Oil and Gas Industry projects has played a vital role in placing Starzs at the highest echelon of the world’s oldest trade, as well as a reputable voice in the global scheme of things.
Gas is seen as the energy of the future and Nigeria has about 209 trillion cubic feet (TCF) of gas reserves and over 600TCF of unproven gas reserves, which if properly harnessed will keep the country relevant in the energy space as the world transits from fossil fuels to green and cleaner energy.
Amid the 2050 Net-Zero carbon neutrality target, the country has adopted gas as its energy transition fuel, and made commitment to achieve zero carbon emission by 2060.
Stressing the importance of gas, the Minister of State for Petroleum Resources, Chief Timipre Sylva, said in April: “Nigeria is one of the world’s last energy frontiers, a nation brimming with enormous opportunities.
As a nation, we are following a transition pathway that combines technology, investment, business strategies, and government policy that will enable Nigeria to transition from its current energy system to a low- carbon energy system with natural gas playing a pivotal role over the next generation, roughly between now and 2060.
“Natural gas is a key resource for a just energy transition and has all the credentials to support Nigeria to meet up with her commitment with the UN 17 Sustainable Development Goals (SDGs).”
According to the Executive Chairman, Africa Energy Chamber, NJ Ayuk, for Africa to end energy poverty on the continent and the continued dependence of millions of Africans on inefficient biofuels such as wood and charcoal, which contribute to deforestation and pollution — the best way to do it quickly will be to ramp up gas production.
Africa can (and should) use its gas to produce more electricity — and along the way, it can (and should) use its gas to produce propane and butane, both of which can be components of liquified petroleum gas (LPG), a cleaner-burning fuel for use in cooking or home generation, Ayuk said.
So yes, I’m recommending that every African state that possesses commercially viable gas reserves move forward with development. I say that if Africa has the gas, it ought to use what it needs to meet its own needs (and export the surplus, assuming there is one) — and it ought to do so on the largest scale possible and as quickly as possible.
