The Department of Petroleum Resources, Nigerian Content Development and Monitoring Board, along with other stakeholders in the country’s oil and gas sector, have stated that Nigeria is working with the global community on maximum energy transition deployment.
iBrandTV gathered that energy transition is the global energy sector’s shift from fossil-based systems of energy production and consumption including oil, natural gas and coal to renewable energy sources like wind and solar.
Speaking on the move, DPR’s, Director, Sarki Auwalu during the hybrid NCDMB Research and Development Fair, in Bayelsa, noted that, President Muhammadu Buhari inauguration of the National Oil and Gas Excellence Centre in Lagos was inline with the country objectives of safety, cost efficiency and value addition, to guarantee energy security.
In his words: “As you are aware, energy security and transition to cleaner forms of energy is a priority for the Buhari administration.
“To deepen gas penetration across the Nation, the year 2020-2030 has been declared the Decade of Gas to drive the Gas Expansion Programme, increase LPG penetration, Gas to Power, Gas Based Industries, Gas to People, Auto Gas etc.
“These are to serve as enablers for energy security, jobs creation, poverty eradication, a healthy environment, development of facilities in the gas sector, thereby creating opportunities for collaboration and revenue generation for government.
“The Nigerian Gas Transportation Network Code (NGTNC) provides the contractual framework for gas transportation.
“The National Gas Expansion Programme is aimed at stimulating domestic gas supply demand and oil to gas substitution as transition fuel.”
According to him, the recently enacted Petroleum Industry Act among other things, provides a framework for gas aggregation and penalties for gas flaring.
He noted that it was critical for the global oil and gas industry to remain efficient and innovative in responding to the emergence of cheaper renewables to sustain the relevance of hydrocarbon resources to the global energy mix.
On his part, Mr Simbi Wabote, Executive Secretary, NCDMB, noted that as part of its move toward energy transition, it has establishment the Nigerian Content Research and Development Council and a 10 years strategic roadmap
“This included the creation of $50 million dollars research and development fund, support for local and indigenous research breakthroughs among others.”