The Nigerian National Petroleum Company (NNPC) Ltd. has demanded greater cooperation and openness from all stakeholders in the global energy
The oil and gas industry’s efforts to reach net-zero emissions by 2050 by gradually eliminating carbon emissions throughout the value chain.

This request was made by Mele Kyari, Group CEO of NNPC Ltd., during a Strategic Panel Session titled “Decarbonising Operations across Upstream,
“Midstream and Downstream” at the continuous Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC 2024) in Abu Dhabi, United Arab Emirates
Tuesday in the Arab Emirates.

Beyond cooperation, Kyari stated that openness and transparency are crucial, not by disparaging those who are falling behind but by making sure that
All parties’ differences are closed.

Speaking on behalf of NNPC Ltd.’s Executive Director, Upstream, Mrs. Oritsemeyiwa Eyesan, Kyari stated that Africa is currently confronted with the challenge of addressing the twin issues of energy poverty and decarbonization.
To address this issue, Nigeria implemented two significant policy changes to aid in the country’s decarbonization efforts.

The first is announcing the decade of gas as a means of shifting from an economy that relies heavily on diesel and fuel to one that is powered by gas, and the second is the elimination of fuel subsidies. These two policies have been the backbone of NNPC Ltd’s efforts to advance the country’s decarbonization agenda, Kyari stated.

As a signatory to the Oil & Gas Decarbonization Charter (OGDC), he continued, Nigeria is committed to using gas for power generation and automobiles in order to achieve gas flare-out by 2030.

Nigeria has enormous gas reserves of up to 209 trillion cubic feet (tcf), according to Kyari, who also explained that it has been difficult to raise the money needed to fund gas projects because the balance sheet, which could be used to do so, primarily comes from the International Oil and Gas Corporation.
enterprises (IOCs), which are also heavily reliant on exporting gas.

He noted, “It is crucial to understand that if we are to solve this existential problem, then there should be a provision for the global south (countries with less energy endowment) to access capital to enable them to address their problems.”

Since the rate of progress is determined by the current status of the countries, Kyari criticized the fact that all parties are in the same group in the decarbonization effort and stated that the OGDC must continue to provide an equal playing field.
field for everyone.

“Even though we are attempting to solve the same problem, it is in understanding the differences that exist among us,” he continued.

Kyari described the degree of cooperation in the decarbonization effort as “phenomenal,” pointing to TotalEnergies as an example, which took the
challenge to collaborate with NNPC Ltd. using its technology for measuring and detecting methane.
With more than 180,000 attendees, ADIPEC is regarded as the biggest and most inclusive energy professionals’ conference in the world.

“Connecting Minds” is the theme for this year’s event, which is the 40th in the series. “Transforming Energy” as world energy leaders keep looking for ways to speed up innovation and cooperation in order to accelerate the global energy transformation.