Eunice Imo Kalu
The Authority’s executive director, in charge of Health, Safety, Environment and Community , HSEC, Mustapha Lamorde, made this known during a panel discussion on the sidelines of the United Nations Climate Change Conference 2023 , COP28, in Dubai. The panel discussion had as theme, “Nigeria’s Pathway to Energy Sustainability: the role of the Nigerian Midstream and Downstream Petroleum Regulatory Authority”.
Other panelists included Anibor Kragha, executive secretary of the African Refiners & Distributors Association ,ARA; Mansur Kuliya Alkali, NMDPRA executive director, Midstream and Downstream Gas Infrastructure Fund ,MDGIF; and Abel Nsa, senior technical adviser on Transition Energy to the minister of state, Petroleum Resources (Gas).
The session, moderated by Atebe Odafe Jerome, technical advisor on Health, Safety, Environment and Community to the Authority’s chief executive officer, x-rayed Nigeria’s journey towards reducing carbon emission in the mid and downstream oil and gas sector and achieving Net Zero by 2060.
Lamorde spoke on the NMDPRA’s Industry Sustainability Initiative ,NISI, created in line with the Global Sustainability Development Goals ,SDG 3, 7, 8, 9, 11, 13, 16 and 17, geared towards achieving Nigeria’s 2060 Net Zero commitment in the midstream and downstream petroleum industry.
He said the investment opportunities would be created through decarbonisation of operations, infrastructure and technological development, green economy improvement, stakeholder management and human capital development.
A breakdown of the investment opportunities sector by sector highlighted by Lamorde are; $272 billion in power, $127bn in infrastructure, $96 billion in oil and gas processing optimisation, $80bn in industry and $2.8 billion in clean cooking.
He said achieving this requires strong government commitment and collaboration with the private sector using technological innovation.
Anibor Kragha said the NMDPRA and the Nigerian government should harness funding opportunities for gas projects from international financiers dealing with agriculture as gas plays a key role in the sector.
He urged the NMDPRA as the regulator of the Midstream and Downstream industry to develop a decade-by-decade plan to decarbonise the mid/downstream with bankable projects that would elicit finance from foreign donor agencies.
He also emphasised the importance of developing and including young people in the decarbonisation drive as they will play a major role in implementing these initiatives in the future.
In his contributions, Alkali explained that the MDGIF set up in pursuant of section 52 of the Petroleum Industry Act is pivotal towards accelerating investments along the gas value chain.
He clarified that the MDGIF was neither a grant nor a loan, but rather an investment initiative designed to derisk investments through partnerships with private sector players to build the necessary infrastructure to harness the country’s vast gas resources.
Similarly, Abel Nsa, said the Host Community Development Framework as launched by the commission for upstream operations amongst other benefits would ensure oil and gas assets are adequately protected to ensure uninterrupted production and supply which is critical to midstream operations.
He added that the Decade of Gas initiative of the government will also guarantee the availability of gas for domestic utility. He said discussions are currently ongoing with upstream gas producers to deliver on the mandate.
All the panelists agreed that Nigeria’s future lies in increasing its cleaner energy capacity and attracting the right global and domestic finance to critical energy projects.
Also the Group Chief Executive Officer of the Nigerian National Petroleum Company ,NNPC, Limited, Malam Mele Kyari joined other global personalities on the sidelines of the 2023 United Nations Climate Change Conference, in Dubai, to brainstorm on climate issues and its rising complexities.
Kyari together with the Special US White House Presidential Envoy on Climate, Senator John Kerry, and Chief Executive Officer of the Bank of America, Mr. Brian Moynihan, and other global personalities, engaged one another in discussions on climate issues at a reception.
