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Federal Gov’t Woos Investors For Hydrogen Development In Natural Gas Sector

by `
January 20, 2024
in Business
Federal Gov't Woos Investors For Hydrogen Development In Natural Gas Sector

Federal Gov't Woos Investors For Hydrogen Development In Natural Gas Sector

 

The Nigerian government has reaffirmed its commitment to partnering with international investors and countries to unlock the full potential of its natural gas resources, with a specific focus on developing a thriving hydrogen sector. This message was delivered by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, at the Americas Energy Summit and Exhibition in New Orleans, Louisiana, USA.

“We extend an invitation to international partners, stakeholders, and investors to collaborate with us in unlocking the full potential of our natural gas resources,” Ekpo declared. “Recognizing the importance of innovation and diversification in the energy sector, Nigeria actively explores opportunities in hydrogen production and deployment.”

Ekpo underscored the crucial role of hydrogen in transitioning towards a sustainable energy future, highlighting its potential to reduce carbon emissions and pave the way for a cleaner, greener world. Furthermore, he acknowledged the need for international cooperation in this endeavor:

“The Nigerian government is actively setting up the framework for a sustainable energy future. In this pursuit, we are seeking collaborations with countries that have developed expertise and capacity in hydrogen technologies. We believe that international partnerships are essential in fostering knowledge exchange and leveraging collective capabilities for the advancement of hydrogen as a clean and sustainable energy solution.”

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The theme of the summit, “The Role of Natural Gas, LNG & Hydrogen in Decarbonizing Global Energy Markets,” resonated deeply with the minister, who emphasized the timeliness and critical nature of exploring these solutions in the face of climate change. He asserted that international collaboration is no longer an option but a necessity:

“International collaboration has become paramount, as the world confronts the challenges of climate change. We at the Nigerian government are steadfast in our commitment to working closely with global partners to exchange knowledge, share best practices, and collectively address the challenges and opportunities presented by the dynamic energy landscape.”

Ekpo also highlighted Nigeria’s established presence in the global energy landscape, particularly in the Liquefied Natural Gas (LNG) sector. He reiterated the government’s “Decade of Gas” initiative, launched in 2021 and emphasizing the crucial role of natural gas in combating climate change while meeting the nation’s growing energy demands:

“As the 5th largest exporter of LNG, our nation plays a crucial role in meeting the energy needs of nations worldwide. The sustained growth of the LNG sector in Nigeria reflects our unwavering commitment to responsible energy production and supply.” (NAN)

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