Sunday, July 21, 2024
25.2 C

NNPC to Work with Partners to Reduce Methane Emissions-Eyesan, EVP Upstream

Executive Vice President, Upstream, NNPC Limited, Oritsemeyiwa Eyesan during a Panel Session titled “Accelerating the Elimination of Methane Emissions & the Decarbonisation of Oil & Gas,” on the sidelines of the on-going United Nations Climate Change Conference, also known as COP28 taking place in Dubai, the United Arab Emirates.

NNPC Limited has expressed its commitment to work with global partners in the march towards reducing methane emissions in oil and gas operations.

On the sidelines of the on-going United Nations Climate Change Conference, also known as COP28, taking place in Dubai, the United Arab Emirates, the Oil and Gas Decarbonisation Charter was released.

The Charter calls on the oil and gas sector to achieve the goal of reaching net-zero emissions for their own operations by 2050. It also includes commitments to achieve near-zero methane emissions and no routine flaring by 2030.

Speaking on the development during a Panel Session titled “Accelerating the Elimination of Methane Emissions & the Decarbonisation of Oil & Gas,” NNPC Limited’s Executive Vice President, Upstream, Oritsemeyiwa Eyesan said the Charter was a major opportunity not just for the NNPC Limited, but for the African sub-region.

“Africa contributes three percent to emissions, but that does not exclude us from the consequences of the emissions. I think the decarbonisation drive and the charter are not just ethical but also a strategic imperative for a major African National Oil Company (NOC) like ours.

We believe this charter is an important one. We are committed to working with all stakeholders to deliver on that,” Eyesan stated.

She said to achieve its near-zero methane emissions, Nigeria has since declared this decade as Decade of Gas, which is not only geared towards producing more gas for export, but also towards producing gas for local economy and that of the entire African sub-region.

“I assure you that we are open to working with our partners towards achieving zero-flare and methane emission reduction by 2030. This fits perfectly with our dreams, and we consider it achievable,” Eyesan stated.

She described finance and technology as the two major challenges in delivering on the provisions of the charter, noting that for the two problems to be solved, African countries need to work with partners who have the technology and finance.

She said NNPC Ltd remains committed to expanding its alternative energy sources through investment in solar, wind, and other renewable sources.


Hot this week

Stanbic IBTC Bank Partners Lagos State on Water, Sanitation Infrastructure Funding Summit

Stanbic IBTC Bank, one of Nigeria’s leading financial institutions,...

Stanbic IBTC Launches Ambitious Tree-Planting Campaign in Cross Rivers State

Stanbic IBTC Holdings, in collaboration with One Tree Planted...

PalmPay Named Among Top 250 Fintech Companies in the World by CNBC, Statista

PalmPay, a leading Africa-focused fintech platform, has been included...

AIICO’s Annuity Customers Attest to Financial Stability, Payout Hits N1.3bn Monthly 

AIICO Insurance Plc, a leading insurer in Nigeria, today...

WORLD PR DAY: APRA Advocates Ethical, Responsible Use of AI

The African Public Relations Association (APRA) has called on...


Ecobank Unveils Mobile App to Transform Banking in Africa

Ecobankhas launched the Ecobank Mobile App, an instant and...

Pantami Meets with Space X, World Bank, Google to Strengthen Nigeria’s Digital Economy

The Honourable Minister of Communications and Digital Economy of...

Insurers Launch ‘Live With Freedom’ Campaign to Grow Market

The insurance industry in Nigeria has collectively launched ‘Live...

Eid-El-Fitr: Governor Ododo Sues for Collaboration, Peaceful Co-existence

Governor Ahmed Usman Ododo of Kogi State has enjoined...

CBN:  Emefiele Resumed Duty on Jan 16 After Annual Leave

A statement by Mr. Osita Nwanisobi, Director, Corporate Communications...

NAICOM Chief, Sunday Thomas, Elected President of OAISA

Mr. O. S. Thomas Commissioner for Insurance/CEO NAICOM The Commissioner for Insurance/CEO,...

The Alternative Bank, TotalEnergies to Rollout ‘Bank in a Box’ for Enhanced Accessibility

The Alternative Bank, in collaboration with TotalEnergies, unveils an...

African Free Trade Body Laments Low Regional Integration

The African Continental Free Trade Area (AfCFTA) marks a...

Related Articles

Popular Categories