Seplat Energy Plc said it is prioritising routine gas flare initiative by enhancing monetisation projects, displace diesel and biomass with cleaner fuel, extend along power value chain and target smaller scale gas-to-power customers.
Seplat Energy CEO, Roger Brown, said this while addressing global energy players at the Africa Energy Week (AOW) happening in Cape Town, South Africa.
Brown, whist delivering a keynote speech at the conference main stage themed: ‘Energy Security in a Consistently Shifting Energy Landscape,’ said: “as a leader in this space, our priorities a s far as energy transition is concerned, is to end flaring, monetise gas, displace diesel and biomass with cleaner fuel, extend along power value chain and target smaller scale gas-to-power customers, whilst exploring new opportunities.”
Seplat Energy, he noted, currently produces 300MMscfd, which is enough to power 1GW per day. The company ANOH and Sapele gas projects have the capacity to fuel another 2GW by 2024.
According to Brown, providing more affordable and reliable energy will boost Nigeria’s economy, drive development and create jobs.
He described the Nigerian market as a huge opportunity for the Company, noting that with a future population projected at 500 million people by 2050, Nigeria represents a huge investment opportunity across the entire energy sector.
He said improved domestic infrastructure, Increased export capability, Increased refining capacity, Increased gas-fired capacity, improved national grid, metering, billing, payments, renewables, and clean cooking displacing biomass were clear areas of value for businesses and the Nigerian people and government.
