Seplat Committed To Affordable Energy Transition – CEO

Seplat Energy Plc says its commitment to a just and affordable energy transition is unwavering.
Chief Executive Officer of the company, Mr Roger Brown, said this at the opening ceremony of the 40th Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos recently.
The Tide’s source reports that the conference is themed: “Global Energy Transition and the Future of the Oil and Gas Industry: Evolving Regulations, Emerging Concepts and Opportunities.”
Brown said the company’s ANOH and upgraded Sapele gas projects could fuel another 2,000 megawatts of electricity by 2024.
“Using gas to provide more affordable and reliable energy will boost Nigeria’s economy, drive development, create jobs and prosperity, reduce emissions from diesel usage, support future renewable deployment and enable a just and affordable energy transition,” he said.
According to him, Seplat Energy currently operates 300MMscfd, which is enough to power more than 1GW per day.
He said the country needed to utilise gas to displace 20GW diesel/petrol generators as well as the use of biomass as cooking fuel.
“Beyond displacement, however, Seplat Energy believes that increased gas production and penetration in Nigeria present huge opportunities for the Nigerian state and people.
“The global quest to reach net zero emissions means energy companies must start to shift away from a heavy reliance on fossil fuels and invest in lower carbon alternatives.
“Banks are also facing their own pressure to cut back on fossil fuel investments and have started to pull back from financing the industry,” he said.
Brown explained that global demand for fossil fuels was forecast to decline significantly in the long term but would still be relevant in meeting the energy demand, particularly with a growing world population expected to reach 10bn by 2050.

“The importance of gas as a transition fuel (main baseload for electricity generation) in energy-deprived countries like Nigeria ensures demand remains substantial.

“However, to gain access to the capital needed to develop energy, commitments to and most importantly delivery of renewable energy will be essential,” he added.
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