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By Adedapo Adesanya
The African Energy Chamber has hailed the European Union’s landmark proposal to label natural gas as a green energy source.
The group noted that the proposal will help advance Africa’s call for a just and inclusive energy transition.
Recognizing the effects of climate change, the continent industrialize itself first so it can have the same opportunities as Europe and other western countries.
“The point that natural gas serves as a transitional energy source is one that has been promoted by African nations for a long time and therefore, the African Energy Chamber hails the EU’s proposal as a landmark development that justifies a positive outlook for an inclusive energy transition.
“It has taken a crisis in energy availability to bring about policies that could increase Africa’s energy supply. The current pressure from The West to acclimatize to cleaner energy systems has so far been exclusive in recognizing that the transition may differ in form and timing from one region to another.
“By restricting investment into energy sources, such as gas, Africa has stood the chance of being left behind during the energy transition, which is counterproductive and regressive,” the group stated.
Speaking on this, Mr NJ Ayuk, Executive Chairman of the African Energy Chamber noted, “We have had our disagreements with our European friends, however, there has always been constructive, behind-the-scenes dialogue with European policymakers. They listened, worked, and let us make the case for Africa’s low-carbon LNG and these discussions have been critical in getting us to see eye-to-eye on gas, a lot of work still needs to be done to make this a reality.
“The demonization of Africa’s gas industry needs to stop, and investments need to come into the sector. While we continue this engagement, it is important that the oil and gas industry focuses its investment on further reducing carbon emissions within the gas value chain.
“Sustainable development and making energy poverty history will require Africa to increase gas within its energy mix, which will give us a fighting chance to reduce the continent’s carbon footprint, even when we are still under 4 per cent of global emissions.”
The Chamber put forth that Africa faces unique challenges and must be allowed to time its own energy transition according to its own needs, adding that the proposal to label natural gas as green energy is what a just energy transition looks like, and now, we need to finance it.
It also called for a collaboration between both continents towards paving the way for a new approach to Africa’s energy industry, one that serves the whole world and all its people as opposed to a privileged few.
Should most EU members back the proposal, then it will become law from 2023, which the African Energy Chamber hopes will stand to help the United States recognize natural gas as a clean fuel, which it, unfortunately, does not under the Biden Administration’s current clean power plans.
“Despite predictions that demand for African LNG is expected to grow for the foreseeable future, investments in gas exploration have been hit hard by a short-sighted bias against our low-carbon natural gas resources. This has led to a reluctance towards investing in supply projects because of the fractured global outlook towards natural gas.
“African nations must be more pragmatic. If exploration and production companies must wait one or two years before their proposed projects are sanctioned, then the prospects for a sustainable African energy future will diminish rapidly. These practices, which help protect the interests of oil-producing nations, made sense when crude sold for $100 per barrel and before the energy transition took centre stage, but they don’t make sense now,” explained Mr Ayuk.
To capitalize on this, the African Green Energy Summit, to be held at African Energy Week this year, will clearly outline initiatives and positions ahead of this year’s COP27.
This new proposal will pave the way for new European investments in natural gas in Africa and will therefore allow Europe to unlock billions of euros in finance and sustainable energy funds to support gas as a transitional energy source.
The EU will want to import whatever natural gas Africa develops, which is constructive for project funding and will open doors to have candid discussions about furthering energy availability across the continent.
Some countries, like Senegal, Mozambique, South Africa, Tanzania, Nigeria, Angola, Ghana, Mauritania, Libya, Cameroon, Algeria, and Equatorial Guinea, have taken steps to monetize their natural resources to develop and industrialize independently.
By using natural gas as a feedstock to create other value-added products, like petrochemicals, from fertilizers to ammonia, revenue can be used to build infrastructure, from pipelines to ports and roadways, it will open the doors to economic diversification for other African countries as well.
Sanwo-Olu Promises Quarterly Supervision of Blue, Red Line Rail Projects
Press Release Distribution Services: Unlocking the Power of Earned Media in 2022
Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.
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By Henry Ovie
Youth leaders in the Niger Delta on Sunday applauded President Muhammadu Buhari for vowing to rid the Niger Delta Development Commission (NDDC) of the moral and political rot that has plagued it for so long.
“We are continually inspired by Buhari’s dedication and vision to addressing development issues in the Niger Delta region,” the youths said at a meeting in Warri, Delta State.
The President promised to go after those indicted in the forensic audit of the NDDC and the youths from the region expressed gratitude to Mr Buhari for “every sincere effort made to achieve development in the Niger Delta region.”
They commended him for ordering the release of outstanding NDDC funds and trial of corrupt officials, noting that this creates the momentum which can accelerate progress in the region.
“The President’s directive on the completion of all viable projects, which have been abandoned by the NDDC, is a welcome development,” the chairman of the Niger Delta Progressives Movement (NDPM), Mr Julius Ita, told a news conference after the gathering in Warri.
Specifically, the youths commended Mr Godswill Akpabio for breathing life into the Ministry of Niger Delta Affairs, revitalizing the region, instilling a renewed sense of faith and hope and creating a wonderful legacy for Niger Delta’s future.
“Chief Godswill Akpabio represents an extraordinary example of the spirit we honour in the region,” the group said.
The youth leaders described the remarks of the National Chairman of Niger Delta People’s Forum (NDPF), Mr Boma Ebiakpo as “negative and divisive”.
“It won’t distract or deter the Minister of Niger Delta Affairs, Senator Godswill Akpabio from his focus on developing the Niger Delta region”, said the youth leaders.
The youth leaders said they expected Mr Ebiakpo and his sponsors to cherish Mr Akpabio’s contribution, wisdom and energy to the realization of the Niger Delta dream.
“An NDDC board in the first half-year period will be a distraction”, the youth leaders pointed out.
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By Adedapo Adesanya
The Governor of Lagos State, Mr Babajide Sanwo-Olu has said the blue and red line rail projects across the state would be supervised every quarter until it is completed in the fourth quarter of 2022.
The governor gave this assurance during an inspection tour of the projects at Ikeja, Yaba, Ebute Metta, and Marina Stations yesterday.
Mr Sanwo-Olu expressed satisfaction with the pace of work at the stations, noting that the contractors were on course and hoped that they would round up this year, promising to intensify supervision and monitoring of the projects quarterly to facilitate speedy completion.
“Our promise on the blue and the red line is still on course. We believe that, by coming on a quarterly basis to supervise them, we would ensure that before the end of this year, we will see the trains on top of the tracks. That is our commitment and we will begin to monitor and check ourselves.
“It is a very iconic and landmark project that we are truly proud of. On behalf of the government, I want to commend all of our contractors because they are very committed. They have assured us that whatever it takes, they will complete all of the projects on schedule and on budget,” the governor said.
“We embarked on this similar tour about three or four months ago and we did mention that we would be doing it every quarter so that we can see how far the constructions are going.
“As we all have seen, I am happy to report that the construction is going on according to schedule. All the contractors are here even today not being a working day, they are all on-site working,” the governor told journalists who were with him during the tour to the four stations.
The Red and Blue line rail is part of the intermodal transportation system of the Babajide Sanwo-Olu administration in reducing gridlock and ensuring interconnectivity in different parts of the state.
When completed, the 37 kilometres Red Line Rail Project will link Agbado to Marina, while the 27.5 kilometres Blue line Rail Project will run from Okokomaiko to Marina.
Governor Sanwo-Olu also disclosed the plan by the State Government to relocate the market around the train station at Yaba as the government is engaging the concerned stakeholders on how best to relocate traders to another place.
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Press release distribution services date back to 1906 when it was first used by Ivy Lee. They have since metamorphosized into an integral part of getting content published online.
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