Stakeholders To Proffer Solutions To Nigeria’s Poor Gas Investments

 
Thu May 26th, 2022 - Niger
 

As studies reveal importance of gas in driving global energy mix, opportunities in Nigeria’s gas industry will dominate discussions at the 2022 Energy Transition Forum, scheduled to hold in South Africa.

The African Energy Chamber (AEC) said it will host the Summit in partnership with public and private sector organizations, government representatives, energy stakeholders and investors, at Africa’s premier event for the oil and gas sector, African Energy Week (AEW) which will take place from 18 – 21 October 2022 in Cape Town.

Studies conducted by various think tanks such as the Frost & Sullivan, IHS Markit and Rystad Energy knowledge partners of AEW 2022 highlight the important role natural gas will play in diversifying Africa’s energy mix and increasing energy security while ensuring decarbonization targets are met through to 2050.

However, limited investments in gas exploration, production and infrastructure development in gas-rich countries such as Nigeria, Algeria, Egypt, Niger and Mozambique will need to be addressed.

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To address these challenges, the Energy Transition Forum unites investors, regulatory authorities and energy market players to discuss the role of gas in Africa’s energy future and energy transition.

Moreover, climate change continues to impact Africa, leading to an increasing number of African countries such as Nigeria, Namibia, Morocco, South Africa, Uganda and Kenya introducing policy reforms and initiatives to scale up renewable energy penetration in Africa.

Nigeria has vowed to achieve climate neutrality by 2060 by increasing the share of natural gas and renewables in its energy mix whilst Namibia aims to make the development of hydrogen central to its energy policy.

 
 

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source: Leadership