TotalEnergies has revealed its plan to comply with ongoing global energy transition
Mr Victor Bandele, the Deputy Managing Director in charge ’Total E&P Nigeria Limited’s Deepwater gave the hint while speaking during the CEO Roundtable: Strategies for Confronting the Energy Transition at the ongoing Nigeria Energy Summit at the International Conference Centre, Abuja.
He spoke on several efforts currently undertaken which is geared towards energy transition, stressing that before any FID decision in any project in Total Energies, that project must demonstrate it is not leading to increasing carbon.
“We have more stakes going forward that we are deliberate to make sure that every project coming on stream has the notion of reducing the intensity of carbon. In Nigeria with our partners we embarked on the enlargement of the LNG project in the recent past, we are very supportive of that and will continue to do that.
“Going forward there are so many projects that are lined up. We believe there is a market here, we believe there is a will here and the will is demonstrated in the PIA that was recently passed into law and together we want to align with what government is doing to really bring energy to the people and that is why on the downstream side of the business we have 577 filling stations across the country, a significant proportion of these filling stations are now running in solar power, it is deliberate”.
He said Nigeria promises a huge market with her growing population and attendant energy needs, thus Total Energies find this space to be a very good space to invest …”and for that reason, Total Energies is investing continuously in Nigeria and that is our trade Mark.
“We claim that we are about 7.6 billion people, by 2050 then we want to have net zero in carbon, we will be 10 billion people. What this means is that we will have more people and we want to transition so this is the big challenge for the industry and for global energy.
“Today in Nigeria, we say we are 200 million people we are going to something like 300 million by 2050. The 200 million that we have today, how many people have access to very good energy? So in Nigeria our challenge is even much more so we in Total Energies find this space to be a very good space to …and for that reason, Total Energies is investing continuously in Nigeria and that is our trade mark” he added.
