NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Nigeria must be gas-ready for the future — NLNG MD

By News Express on 13/02/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 402

•NLNG MD Tony Attah
•NLNG MD Tony Attah

The Managing Director of Nigeria LNG Limited (NLNG), Tony Attah, at the 2nd West Africa International Petroleum Exhibition and Conference (WAIPEC) in Lagos, said Nigeria must unleash its gas potentials, and support NLNG’s expansion programme, Train 7 project, in preparation for a world that is fast making efforts to reduce its fossil fuel consumption and minimise carbon footprint.

In a presentation titled “Global Energy Transition: Which way forward Nigeria?” to oil and gas chief executives and experts on Wednesday, Attah remarked that the global energy landscape is changing with major concerns for the environment, such as global warming, and increasing demand for cleaner energy.

He remarked that with reduced appetite for crude oil as a dependable source of energy, gas is the best option for Nigeria in the future.

He said: “The best bet for Nigeria is gas. It is available in abundance and three times cleaner than oil in terms of carbon content. Nigeria has to begin to think about the relevance of oil in the future. Nigeria has to start to develop its gas resources in readiness for this future. Some critics say gas is not profitable but let me draw your attention to Qatar, a small fishing economy which was transformed from a GDP per capita of $2,000 in 1970 to a GDP per capita of $124, 000 in 2017 using gas.

“Gas can lift Nigeria, which is where NLNG comes in. NLNG is producing 22 Million Metric Tonnes Per Annum (MMTPA) but we are not resting on our oars. We want to construct a Train 7 that will increase our capacity to 30 MTPA. It is time for gas. It is time to unleash Nigeria’s potentials. That is how we can survive the future with increasing appetite for renewable energy.

“The thirst for cleaner energy is increasing and a lot of that has to do with increasing environment friendly policies. Countries like the United Kingdom, Sweden, Norway and many other countries are making moves to significantly reduce their carbon footprint. Take for example India, which aims for 40% renewable energy by 2030. UK joins France to ban fossil-fuel cars by 2040. Norway aims for all new passenger cars and vans sold in 2025 to be zero-emission vehicles while Sweden has committed to 100% renewable energy by 2040.”

“The world’s population will grow by an additional 2 billion people by 2050. They will need energy. Where will it come from? Most stakeholders in the future will not accept the carbon emission levels that are prevalent now. Renewables play a significant role in the growth of electricity, contributing almost 40% of the growth in global power generation in 2016. By 2040, EIA estimates that 31% of world electricity consumption would come from renewables, roughly half of which will be from hydropower, as wind and solar power will grow rapidly in the coming decades.”

He said many oil and gas executives are living in denial that the advent of renewables will not succeed or last, adding that indices do not support their denial position and that the world is moving on with renewables.

“The energy mix is fast changing and Nigeria has to come to terms with that. Nigeria’s proportion of global total proven oil reserves is 2.2% and gas on the other hand is 2.8%. What are we going to do with these resources? There is still coal in Enugu and all these fossil fuels will still exist in the future but will they be acceptable as a source of energy? I think that is the harsh reality we have to prepare for,” he said.

 

Source News Express

Posted 13/02/2018 02:48:50 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Senate laments state of Nigerian libraries, passes Bill...

Buhari marks 100 Days in office, urges judiciary...

We are tired of fighting —Boko Haram insurgents...

70 countries devise new measures to starve terrorists...

FG committed to addressing housing challenges of civil...

Car crushes 7 secondary school students in Anambra...

Man docked for N300m land scam

Bayelsa dismisses reports of fresh monkey pox cases...

Drunken passenger tied to plane seat after going...

Baboon tampers with electric cables, leaves 50,000 people...

SON launches new initiative to further reduce substandard...

APC C’ttee on Restructuring recommends State Police, merger...

 

Latest News Open Letter to Governor Ambode: Santos Estate is crying for attention Wanted: Personal and institutional integrity, By Folu Olamiti Reps deal blow to Nigerian Peace Corps, step down Bill 2018 Budget: Buhari’s office to spend N31.563bn on feeding, power supply, others Alleged Fraud: Court orders arrest of Innoson Motors chairman NANS gives FG ultimatum to resolve NOUN Law School crisis Senate orders NDLEA to reinstate, promote, pay accrued benefits of Director sacked since 1994 Buhari appoints Musiliu Smith to replace Okiro as PSC chairman Bodo community floors Shell after latest UK court ruling Law School best graduating student bags Kogi government scholarship APC lawmaker absconds with mace in Gombe HURIWA to Buhari: Stop using government officials as election campaigners

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (345,625 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (342,425 views) Shameless Genevieve Nnaji exposes breasts in public (273,721 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (225,043 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (205,386 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (203,088 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (177,192 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (159,470 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,369 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,689 views) Lagos plane crash: Journalist releases victims’ names (140,193 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,594 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (42) Business & Economy (3,156) Business Verdict (43) Columnists (856) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (498) Features (598) Global Business Monitor (274) International (1,971) Interview (149) Live Commentary (28) Love Matters (120) News (35,572) Opinion (969) Pidgin (10) Politics (5,061) Religion (745) Sports (1,517) Stock Watch (29) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement