The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, emphasised the Federal Government’s dedication to collaborating with genuine investors to tap into the immense capabilities of the nation’s natural gas reserves, ultimately fueling national progress and advancement. These remarks were made by Ekpo during his address at the Americas Energy Summit and Exhibition held in New Orleans, Louisiana, United States of America. Louis Ibah, the minister’s Spokesperson, conveyed his words during an announcement on Thursday.
In his statement, he iterated that Nigeria welcomes investment opportunities and is eager to collaborate with foreign investors and nations possessing the necessary expertise and advanced technologies to assist in tapping into the nation’s hydrogen resources. They cordially invite global partners, stakeholders, and investors to collaborate with them as they strive to unleash the boundless possibilities of the abundant natural gas reserves. This is in light of the country’s unwavering commitment to fostering innovation and promoting diversification within the energy sector.
The future of sustainable energy will be enhanced.
In addition, Nigeria is proactively delving into avenues concerning hydrogen production and implementation. He also recognised the remarkable capacity of hydrogen to drastically decrease carbon emissions while also fostering a future of sustainable energy. In its quest for a sustainable energy future, the Nigerian government is taking proactive measures to establish the necessary groundwork. As part of this endeavour, they are actively pursuing partnerships with nations that possess advanced knowledge and capability in hydrogen technologies.
According to him, he emphasised the crucial role of international collaborations in promoting the sharing of knowledge as well as maximising combined capabilities to propel hydrogen forward as an eco-friendly and viable energy alternative. During the conference that was held under the theme “The Role of Natural Gas, LNG & Hydrogen in Decarbonising Global Energy Markets”, the Nigerian gas minister emphasised the theme’s criticality and timeliness in light of the global search for long-term and tangible solutions to climate change.
Nigeria plays a significant role in the global energy stage.
Speaking further, he emphasised how Nigeria remains unwavering in its dedication to collaborating closely with international allies to exchange knowledge, enhance best practices, and collectively tackle the difficulties and prospects brought about by the ever-changing energy landscape. Ekpo also highlighted Nigeria’s significant role as a prominent participant in the global energy stage, emphasising its achievements in the Liquefied Natural Gas (LNG) domain. He affirmed that the government has officially designated the period from 2021 to 2030 as the Decade of Gas.
This strategic move portrays an unwavering dedication to employing gas as a sustainable and eco-friendly solution to combat climate change and fulfil surging energy requirements. Being the world’s fifth most significant exporter of Liquefied Natural Gas, Nigeria assumes a vital position in meeting the global energy demands of various nations. He expressed that the country’s continuous expansion of the LNG industry is a testament to its resolute dedication to responsible energy generation and distribution.
Related Article: FG urges investment in green hydrogen
Hydrogen is a more environmentally friendly option than natural gas, which is a form of methane. The majority of the universe’s mass is thought to be composed of this element, making it the most abundant chemical component. There are a variety of applications for hydrogen, including the generation of energy, the powering of industry, the heating of homes and businesses, and the powering of vehicles. Reaching net zero emissions is essential and has the potential to reduce the global carbon footprint significantly.
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