In a webinar organized by the Nigerian Stock Exchange, NSE, today, the first female president of the Nigerian Gas Association, NGA, Mrs. Audrey Joe-Ezigbo has said that Africa’s energy demand is projected to grow by about 3.5% PA up to 2040 because of the increased levels of industrialization and productivity across the continent.
Responding to a question posed to her by NOGSpeed on the challenge being encountered with gas to power and now the global call for cleaner energy, which sees alternative energy pushing the space of gas, and how NGA is preparing and dealing with this future threat to the domestic gas market, Mrs. Joe-Ezigbo said,
“Projections also have it that Gas will grow to about 35% of this energy mix, finding convergence with oil. And yes, we should all be concerned with climate change, but we have to be balanced and constructive in our understanding and outlook.
For Africa and for Nigeria, Gas is actually our own cleaner fuel. According to the Global Carbon Atlas, African nations, which together produced seven times less CO2 than China last year and four times less than the USA.
There are studies that have been done that show that if entire Sub-Saharan Africa were to increase its electricity consumption overnight by three times as much as current levels using only Natural Gas, the additional CO2 would be equivalent to 1% of global emissions.
We need to leverage our gas resources to get us away from diesel, from biomass fuels.
Mrs. Audrey Joe-Ezigbo went further to state that, “As NGA, we recognize that Gas is the resource which we need to leverage for a cleaner environment as well as to rapidly accelerate the pace of our industrialization and productivity on the continent. This does not mean that we are not mindful of the development of alternative fuels, but those have not reached the kind of scale that will make the kind of difference required within the window that we need.
“Our role is therefore to ensure that Nigeria leverages our Gas resources quickly and efficiently for this purpose. As you may know, despite having over 203.16Tcf of Natural Gas, our current production levels are still in the region of 8Bcf/d of which only about 1.5Bcf/d goes to the domgas market, and primarily to power (about 70%).
“This tells us that there is yet work to do when it comes to deepening our markets and getting the more environmentally friendly Gas to replace other dirty fuels.”