• Sunday, December 22, 2024
businessday logo

BusinessDay

NLNG joins U.N. group keen on cutting methane emissions

NLNG joins U.N. group keen on cutting methane emissions

The Nigeria LNG Limited (NLNG) has joined the Oil and Gas Methane Partnership (OGMP 2.0), a partnership coordinated by the United Nations Environment Programme (UNEP) to reduce methane emissions and improve the accuracy and transparency of methane emissions reporting, the company said in a release.

It further said the move is a further step in NLNG’s commitment to decarbonisation.

According to Philip Mshelbila, NLNG’s Managing Director and Chief Executive Officer, the company had signed an MoU with UNEP in the last quarter of 2022, stating that the signing demonstrated the Company’s commitment to reduce methane emissions from its operations as part of its decarbonisation journey.

He said the company was proudly committing to annual reporting and phased reduction of its methane emissions, and decarbonisation which would secure a future for the Company and its stakeholders through a cleaner and greener energy mix that will include gas.

Read also: BM study finds ransomware persisted in 2022 despite improved detection

He added that NLNG was already implementing a comprehensive program for reporting and reducing its methane emissions, utilising the latest industry technologies to track its progress and performance.

Mshelbila stated further that NLNG’s decarbonisation journey would strengthen customers’ and stakeholders’ trust in the company’s ability to take responsibility for the environment in which it operates and its ability to remain competitive globally.

The OGMP is recognised globally as the most significant voluntary initiative for companies in the oil and gas industry to systematically reduce their methane emissions and demonstrate the reduction in a credible manner to all stakeholders.

In a message to welcome NLNG, the group stated that it was excited about NLNG’s membership as Nigeria is a significant producer of natural gas and one of the biggest contributors to Africa’s LNG production.

“OGMP 2.0 covers 55% of Africa’s oil and gas production. 75% of all methane emissions from oil and gas companies in the continent can be mitigated – 45% of them at no net cost. To meet that target, we invite other companies in the sector to follow the steps of NLNG and join OGMP 2.0.,” the group stated.

Isaac Anyaogu is an Assistant editor and head of the energy and environment desk. He is an award-winning journalist who has written hundreds of reports on Nigeria’s oil and gas industry, energy and environmental policies, regulation and climate change impacts in Africa. He was part of a journalist team that investigated lead acid pollution by an Indian recycler in Nigeria and won the international prize - Fetisov Journalism award in 2020. Mr Anyaogu joined BusinessDay in January 2016 as a multimedia content producer on the energy desk and rose to head the desk in October 2020 after several ground breaking stories and multiple award wining stories. His reporting covers start-ups, companies and markets, financing and regulatory policies in the power sector, oil and gas, renewable energy and environmental sectors He has covered the Niger Delta crises, and corruption in NIgeria’s petroleum product imports. He left the Audit and Consulting firm, OR&C Consultants in 2015 after three years to write for BusinessDay and his background working with financial statements, audit reports and tax consulting assignments significantly benefited his reporting. Mr Anyaogu studied mass communications and Media Studies and has attended several training programmes in Ghana, South Africa and the United States

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp