Investments in natural and renewable energy coupled with support from policymakers are crucial to bridging the regional and global energy deficit,Eberechukwu Oji, CEO of ND Western,has said
He gave the suggestion in a panel discussion on, “Natural Gas and the African Continent: Bridging Regional and Global Energy Deficit Using Natural Gas as a Transition Fuel” at the recent 2022 Africa Oil and Gas Week held in Cape Town,South Africa.
“As the Nigerian government translates the new petroleum industry Act, it is creating more opportunities for tangible projects for gas development in Nigeria. This way we can promote the use of natural gas thereby reducing carbon emissions and air congestion in the country. Then, of course, there are businesses like ND Western, an independent producer of gas in Nigeria. With an installed capacity of 600 mmscfd, we currently produce about 350 million cubic feet of gas each day.
“We believe that maximizing gas production to suit the economy’s needs is crucial. With better infrastructure and more support from policymakers we’ll be able to provide Nigeria with alternative clean sources of energy, providing extra benefits to Nigeria and the region,” said Oji.
“Local communities must benefit from gas that’s produced from their environment, which is something our organization plans to address, including job creation.” He added.
The panel session led by Emmanuel Grand, Senior Managing Director, FTI Consulting, expounded on some global energy issues, while also highlighting the need for a more secure and diverse energy supply all over the world.