Wednesday, September 27, 2023
Home Midstream NLNG joins U.N. group to reduce methane emissions, pursues decarbonisation

NLNG joins U.N. group to reduce methane emissions, pursues decarbonisation

igeria LNG Limited (NLNG) has joined the Oil and Gas Methane Partnership (OGMP 2.0), a partnership coordinated by the United Nations Environment Programme (UNEP), to reduce methane emissions and improve the accuracy and transparency of methane emissions reporting.

The move is a further step in NLNG’s commitment to decarbonisation.

 According to NLNG’s Managing Director and Chief Executive Officer, Dr Philip Mshelbila, the Company had signed an MoU with UNEP in the last quarter of 2022, stating that the signing demonstrated the Company’s commitment to reduce methane emissions from its operations as part of its decarbonisation journey.

ALSO READ:

He said the Company was proudly committing to annual reporting and phased reduction of its methane emissions, and decarbonisation which would secure a future for the Company and its stakeholders through a cleaner and greener energy mix that will include gas.

He added that NLNG was already implementing a comprehensive program for reporting and reducing its methane emissions, utilising the latest industry technologies to track its progress and performance.  

Mshelbila stated further that NLNG’s decarbonisation journey would strengthen customers’ and stakeholders’ trust in the Company’s ability to take responsibility for the environment in which it operates and its ability to remain competitive globally.

The OGMP is recognised globally as the most significant voluntary initiative for companies in the oil and gas industry to systematically reduce their methane emissions and demonstrate the reduction in a credible manner to all stakeholders.

In a message to welcome NLNG, the group stated that it was excited about NLNG’s membership as Nigeria is a significant producer of natural gas and one of the biggest contributors to Africa’s LNG production.

 “OGMP 2.0 covers 55% of Africa’s oil and gas production. 75% of all methane emissions from oil and gas companies in the continent can be mitigated – 45% of them at no net cost. To meet that target, we invite other companies in the sector to follow the steps of NLNG and join OGMP 2.0.,” the group stated.

 NLNG is an incorporated Joint Venture owned by the Federal Government of Nigeria, represented by Nigerian National Petroleum Company (49%), Shell Gas B.V.  (25.6%), TotalEnergies Gaz & Electricite Holdings (15%), and Eni International N.A. N. V. S.àr.l (10.4%).

RELATED ARTICLES

NLNG declares force majeure on product supplies

“Consequently, NLNG activated force majeure clauses in accordance with the Sales and Purchase Agreements (SPA) provisions.

Savannah Energy seals gas sales deal with Notore Chemical

Savannah Energy Plc, the company's 80 per cent indirectly owned subsidiary, Accugas Limited, said it had entered into a new Gas Sales Agreement (GSA) with Notore Chemical Industries Plc.

NMDPRA begins review of petroleum regulations, meets industry players

He said the review was in fulfillment of the provisions of Sections 33 and 216 of the PIA 2021.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Emefiele meets Tinubu at Aso Rock

Wale Edun, former Lagos Finance Commissioner; and James Faleke, a House of Reps member, were also at the villa.

Oil marketers endorse fuel subsidy removal, pledge minimal adjustments 

We once again laud President Tinubu for his bold vision and stand ready to collaborate with his administration in its effort to promote greater economic equality and prosperity for all Nigerians.

Firm unveils 20KG composite cooking gas cylinders to Nigerian Market

According to him, the 20kg LPG cylinder goes for N75,000 due to increase in foreign exchange and is also more competitive.

Allegation of illegal sale of 48m barrels of crude false, Malami insists

Recall that the minister took the same position when he first appeared before the panel on April 27, 2023 to give testimony.

Recent Comments