Seplat Energy’s ANOH, Sapele Gas Projects To Power Another 2000MW Of Electricity By 2024

Seplat Energy Plc. has reaffirmed that it is steadfast in its commitment to a fair and affordable energy transition.
The energy business claims that by 2024, its ANOH and enhanced Sapele gas projects may generate an additional 2000 megawatts of power, replacing both the widespread usage of diesel/petrol generators and biomass as a cooking fuel.
The 40th Annual International Conference & Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE), which was held in Lagos on Tuesday and had as its theme: Global Energy Transition and the Future of the Oil and Gas Industry: Evolving Regulations, Emerging Concepts and Opportunities, featured this statement from Mr. Roger Brown, Chief Executive Officer of Seplat Energy Plc.
Seplat Energy, which currently generates 300MMscfd, or more than 1GW per day, is adamant that the nation needs to use gas to replace 20GW diesel/petrol generators and that biomass should be used as cooking fuel.
Seplat Energy, however, thinks that increased gas production and penetration in Nigeria present a huge opportunity for the Nigerian state and people in addition to displacement.
“The global quest to reach net zero emissions means energy companies must start to shift away from a heavy reliance on fossil fuels and invest in lower carbon alternatives. Banks are also facing their own pressure to cut back on fossil fuel investments and have started to pull back from financing the industry.
“Global demand for fossil fuels is forecast to decline significantly in the long term but they will still be relevant in meeting the energy demand, particularly with a growing world population expected to reach 10bn by 2050+. The importance of gas as a transition fuel (main baseload for electricity generation) in energy-deprived countries like Nigeria ensures demand remains substantial.
“However, to gain access to the capital needed to develop energy, commitments to and most importantly delivery of renewable energy will be essential,” Mr. Brown said.
In addition to other energy stakeholders from Nigeria and abroad, the ceremony was attended by industry regulators, players, service providers, financial institutions, analysts, and media.

Source: Oriental News Nigeria

EntekHub.com

All Author Posts