Natural gas is an integral part of the global energy story accounting for 25 percent of the global energy that is consumed. With a total proven natural gas resource estimated to be about 600 trillion CFT (ft3), the opportunities for natural gas in Africa are enormous.
Participating in the latest online ADIPEC Energy Dialogue, Leye Falade, who is the general manager of production at Nigeria LNG (NLNG), a major stakeholder in the global LNG business, said natural gas projects in Africa are key to the energy transition and economic development in the region and can be used to power industrialization while reducing the emissions released into the atmosphere.
“While the quick switch to renewable and other cleaner energy sources [is] desirable, current data indicate that the transition cannot be achieved on the global scale as quickly as many parties are pushing for,” said Falade. “Therefore, we have to find a way to bridge the gap between where we are today and where
