Oil & Energy
Nigeria To Raise Gas Exploration By 20% – Commission
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria will deepen gas exploration by 20 per cent by the end of the decade.
It also said the country was committed to energy transition plan so as to achieve net zero emissions by 2060.
Executive Commissioner, NUPRC, Rose Ndong, disclosed this while speaking at the pre-conference workshop of the Nigerian Association of Petroleum Explorationists held in Lagos.
According to her, gas remains Nigeria’s transitional fuel, and that the country is on track to also increase exploration by 50 per cent after the decade.
“Beyond the sad story of Nigeria not meeting up to its energy transition plan, I want to reassure everyone that we are actually in a good place. Nigeria is already transitioning before the COP26 because we have already signed the gas pact.
“We are therefore fully committed to reach net zero by 2060 by making sure that companies bring their gas to the market instead of flaring them. We definitely cannot abandon gas”, she said.
Nigeria’s current proven gas reserves stands at 208TCF, and 600TCF unproven reserves.
Group General Manager, NAPIMS, Bala Wunti, represented by the General Manager, Nigerian Petroleum Exchange, one of its arm, Andrew Grant, 0during his presentation at the annual pre-conference workshop of the Nigeria Association of Petroleum Explorationists held in Lagos on Wednesday, had said the world, Nigeria inclusive, would have little or no progress report on its energy transition efforts to present at the next COP27 meeting slated for Egypt in November.
According to him, Nigeria is currently not doing enough to achieve its 2060 commitment to net zero emissions and energy transition plan.
“Nigeria is working towards reducing our carbon footprints. We also have other things in that plan like the national forest policy, which aims to promote sustainable forest management because you know forests are very important in reducing carbon footprints,” he said
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Delta Targets 120MW Power Boost, Moves To Cut Reliance On National Grid
The State Commissioner for Works (Rural Roads) and Public Information, Charles Aniagwu, disclosed this at a press conference in Asaba, weekend, noting that the initiative was part of wider reforms aimed at opening up the power sector to private investors.
Aniagwu, who was accompanied by the Executive Assistant to the Governor on New Media, Felix Ofou, said the state was exploring alternative sources of electricity to support businesses, households and communities while reducing pressure on the national grid.
He said the government was particularly interested in exploiting Delta’s abundant natural gas resources for power generation, pointing to the Kwale Free Trade Zone, which is part of the state’s special economic zone, as a major opportunity for investors.
According to him, prospective investors were taken to the zone during the state’s recent economic summit to enable them to assess the availability of gas as a key raw material for electricity generation. ComparePower Rates
The commissioner explained that generating more electricity locally would not only increase supply in Delta but also free up power on the national grid for use by other consumers.
Aniagwu cited the 8.5MW Independent Power Plant located behind the state secretariat in Asaba as an example of what could be achieved through alternative power sources.
He said the facility had enabled the secretariat complex to operate independently of the national grid, thereby making the electricity that would otherwise have been consumed there available to other users.
He added that the planned 120MW partnership with Supply Power would further strengthen the state’s electricity supply capacity and provide a more reliable power base for small and medium-sized enterprises.
Aniagwu said the state government was also intervening in areas traditionally regarded as the responsibility of electricity distribution companies because inadequate power supply could no longer be allowed to constrain economic development. LearnQuantum Physics
He identified the extension of the electricity grid from Abraka towards the Ndokwa axis as one of the interventions being undertaken to connect more communities to electricity.
The commissioner, however, raised concerns over the burden placed on communities that are often required to provide transformers and other electricity infrastructure, only for distribution companies to take over the facilities and subsequently collect electricity bills without adequately accounting for the investments made by the communities.
He said the state would continue to support efforts aimed at energising communities, noting that improved electricity supply would stimulate businesses, create jobs and help tackle social problems associated with unemployment and idleness.
On regulation, Aniagwu said the government was working with the Ministry of Energy and a committee set up to develop an appropriate regulatory framework for the state’s emerging power sector. SwitchEnergy Plans
He said the proposed energy commission would be responsible for regulating new electricity producers, determining appropriate tariffs and overseeing distribution networks.
The commissioner stressed that liberalising the sector required effective regulation to protect consumers and investors, adding that decisions on power distribution infrastructure, including the use of overhead or underground lines, must take into account the peculiarities and safety requirements of each location.
He warned that power expansion without adequate regulation could expose residents to electrocution and other hazards, stressing the need to protect electricity infrastructure while ensuring consumers were not subjected to unfair pricing.
Aniagwu said the state government’s broader objective was to build an efficient and sustainable electricity market driven by private investment and capable of powering businesses, households and communities across Delta State.
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