TotalEnergies Nigeria's Commitment to Carbon Neutrality and Gas Transition in Sub-Saharan Africa
Key Ideas
- TotalEnergies Nigeria is actively reducing its carbon footprint through investments in decarbonising the Nigerian economy.
- The company aims to achieve carbon neutrality by 2050 and is aligning with the government's focus on transitioning to cleaner energy sources.
- Chevron Nigeria also emphasizes the importance of gas as a transition fuel in Africa and pledges to continue investing in gas development.
- Stakeholders in the oil and gas industry are seeking clarity on the marketing aspect of gas in the Petroleum Industry Act (PIA) but acknowledge the clarity it brings to fiscal terms.
TotalEnergies Nigeria is intensifying its efforts to reduce its carbon footprint by investing in decarbonising the Nigerian economy. During a panel session at the sub-Saharan African International Petroleum Exhibition and Conference in Lagos, the Deputy Managing Director highlighted the company's commitment to achieving carbon neutrality by 2050. TotalEnergies is aligning with the government's goal of transitioning to cleaner energy sources like biofuels, solar, gas, electricity, and hydrogen. Additionally, Chevron Nigeria expressed its dedication to investing in gas development to support the transition fuel initiative in Africa. The stakeholders in the industry are seeking clarity on the marketing aspect of gas in the Petroleum Industry Act (PIA) but appreciate the Act's role in providing transparency in fiscal terms, aiding investment decision-making.
Topics
Investing
Energy Transition
Oil And Gas Industry
Carbon Footprint Reduction
Investment Decisions
Gas Resources
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