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AfrOil PERFORMANCE AfrOil
He responded by saying that gas was certain to be an important part of the energy transition in both Europe and Nigeria.
“[We] are very supportive of what Nigeria is doing with regards to its energy transition plan – the major commitment that you have taken to deliver and be climate-neutral by 2060. We are looking to be the first climate-neutral continent by 2050, and then you are not far behind,” he said. “We are committed to supporting you in those efforts.”
He continued: “I think for both of us, gas is going to be an important transition fuel [and] one of your major exports and commodities, and we want to be major customers of Nigerian gas. And here is the explanation to the dichot- omy: We need more gas from Nigeria as a result of the terrible war of aggression Russia has mounted on Ukraine. We can no longer count on gas coming from the Russian Federation, and we want to build a new partnership with coun- tries like Nigeria with whom we have an already well-established partnership to obtain more gas and LNG from you on good commercial terms. So that is the reason. There is no dichotomy and we are determined to support your efforts to move into renewables, to use energy more efficiently, to reduce your use of energy. We are doing that ourselves. We have a major gas reduc- tion plan. But again, we will need more gas com- ing from Nigeria to replace the [Russian gas] we are taking out of the system.”
Nigeria delivers gas to Europe in the form of LNG produced by the Nigeria LNG (NLNG) consortium. The consortium includes several European companies – Shell (UK), with 25.6%; TotalEnergies (France), with 15%; and Eni (Italy), with 10.4% – while the remaining equity
POLICY
is held by Nigerian National Petroleum Co. Ltd (NNPC Ltd), the operator, with 49%.
The partners have been operating a gas liq- uefaction plant on Bonny Island since 1999. The facility now has six production trains capable of turning out a total of 22.5mn tonnes per year (tpy) of LNG. Its installed capacity is set to rise to 30mn tpy as a result of the Train 7 project, which calls for construction of a seventh production train that can turn out 4.2mn tpy, as well as the debottlenecking of existing trains, which will add another 3.4mn tpy of capacity.™
Baldwin (R) visited an illegal oil-processing facility during a recent visit to Nigeria (Photo: Twitter/@BaldwinMatthew_)
Zimbabwe urged to avoid conflict in the event of commercial gas find at SG 4571
ZIMBABWE
A Zimbabwean civic body has urged authorities to put in place mechanisms to prevent conflict if an exploration drilling campaign at the Mukuyu field in the north-eastern part of the country leads to the discovery and development of a hydrocarbons.
Farai Maguwu, executive director of the Cen- tre for Natural Resource Governance (CNRG), warned authorities to consult broadly with local communities on how to move the project for- ward peacefully.
Doing so will help avoid the pitfalls that have triggered conflict in some other African coun- tries, he asserted.
“We are almost four years into the cur- rent government. Has anything changed to say diamond revenue benefits the Marange community? Has anything changed in terms of transparency and accountability?”, he was quoted as saying by NewsDay, an independent daily, on August 10.
“We need to sit down and look at what hap- pened in Marange before we talk about Muzara- bani,” he continued, referring to the former name of the Mukuyu field. “There is also a need for Zimbabwe to realise the fact that of the coun- tries that discovered oil, most of them have not known peace.”
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w w w . N E W S B A S E . c o m Week 32 11•August•2022