Sunday, April 20, 2025
26.4 C
Lagos

Gas to Play Significant Role in Africa’s Energy Mix, says NLNG’s MD

Dr. Philip Mshelbila

Managing Director and Chief Executive Officer

Nigeria LNG Limited (NLNG)

Natural gas should and will play a significant role in Africa’s energy mix to meet the demands arising from rapid population growth and economic expansion, as well as the need for affordable access to clean energy and supply security for industrialisation, according to Dr. Philip Mshelbila, Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG).

Mshelbila made these remarks during a strategic session at the recently concluded 2023 Gastech Exhibition and Conference in Singapore, where he discussed Africa’s role in increasing supply resilience in the energy transition context. He stated that African gas could enhance global energy security by increasing gas production, ensuring a steady supply source despite rising domestic consumption, and the growth of floating LNG, facilitating the rapid delivery of gas products to the market.

He stressed the necessity of adopting a multi-dimensional approach to the energy transition, considering Africa’s specific context and evolving needs. Dr. Mshelbila pointed out that the continent is already capitalising on opportunities in the energy transition, utilising gas as an evolutionary energy source that offers a cleaner alternative to traditional biomass and coal. He highlighted that transitioning from polluting sources to liquefied petroleum gas (LPG) and compressed natural gas (CNG) can reduce emissions by up to 48%. He cited Nigeria as an example, where the government actively promotes CNG usage in the transportation sector to expand gas utilisation and drive progress across various industries.

Mshelbila also noted that Africa is maximising opportunities in the growing LNG market, increasing its production capacity to substantially contribute to global supply. He added that Africa is emerging as a critical global gas supply source, with production expected to double, solidifying the continent’s role in global energy security.

“The largest gas markets in Africa remain Algeria and Nigeria, which account for at least 55% of the continent’s gas reserves. However, exciting new gas markets are emerging across the continent, especially in LNG developments in Mozambique, Senegal, the Congo, and Tanzania,” he stated.

Furthermore, Mshelbila stated that efforts are underway to develop inter-regional gas supply pipelines to facilitate the movement of gas resources from West Africa to North Africa and beyond, promoting intercontinental trade.

Regarding the energy transition, he highlighted Africa’s progress in the field of hydrogen. He said that when produced using Africa’s abundant gas resources in conjunction with renewables, hydrogen can position the continent as a major hydrogen exporter in the near future.

In conclusion, Mshelbila emphasised that Africa is taking a proactive, region-specific approach that leverages its unique strengths and resources, offering promise for a sustainable energy future and a crucial role in the global energy transition.

The Gastech Exhibition and Conference is a significant platform for professionals in the natural gas, LNG, hydrogen, low-carbon solutions, and climate technologies industries to discuss the latest developments in the sector. NLNG actively participated in strategic leadership sessions and the exhibition.

 

spot_img
spot_img
spot_img

Hot this week

NCDMB, Renaissance Energy Partner on Local Content Dev

L-R:  Managing Director and Chief Executive Officer Renaissance Africa...

NGX Group Holds 64th AGM, Reaffirms Commitment to Sustainable Value for Stakeholders

The Nigerian Exchange Group Plc (NGX Group) held its...

Leadway Assurance Partners AGRA on ‘Pay at Harvest’ Crop Insurance Scheme

In a significant step towards deepening agricultural resilience across...

Stanbic IBTC Bank Unveils “There Is More” Campaign: A Rallying Call for CEOs across Nigeria

Stanbic IBTC Bank ignites a nationwide conversation with the...

IPI Nigeria Appoints Idris, Garba Shehu, Egbemode, Ohwahwa, 25 Others to Committees

The International Press Institute (IPI) Nigeria has announced the...

Topics

‘Ecobank Unveils Cardless ATM Withdrawal Service’

Ecobank has stated that cash withdrawals can be made...

Union Bank Unveils Future-Forward Innovative Co-Creation Hub, SpaceNXT

Leading financial institution, Union Bank of Nigeria Plc has...

HEREL: Redefining Living Experiences in Nigeria via Development

On Sunday, 29th May 2022, Real Estate and Hospitality...

Equities Market Sustains Gains… NSE ASI up 1.0%

The equities market sustained gains yesterday as the All...

Equities Market Sustains Gains… NSE ASI up 1.74%

The local bourse opened the week sustaining the positive momentum...

Bank Customers Lost N2bn to e-Fraud in 2016

The Central Bank of Nigeria (CBN) says that bank...

Blockchain Spending in Africa, ME Targets $81m in 2018

Spending on blockchain solutions in the Middle East and...

Local Bourse Extends Bearish Run… ASI Down 13bps

At the close of trading yesterday, the bearish run...
spot_img

Related Articles

Popular Categories

spot_imgspot_img