Friday, November 22, 2024
HomeBusinessTotalEnergies Target 50% Gas Energy Mix By 2030

TotalEnergies Target 50% Gas Energy Mix By 2030

By EDITH IKE-EBOH

- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -

George Oguachuba, Executive Director, Commercial and Strategy, TotalEnergies, says the company targets 50 per cent gas energy mix by 2030.

He stated this at a panel discussion at the 4th Nigeria International Petroleum Summit in Abuja on Thursday.

“As a company and a business, the strategy is to become more and more as company and our target is that by 2030 we should have about 50 per cent gas energy mix in TotalEnergies.

See also  Stakeholders Frown at Border re-Opening for Dangote, Bua Companies

“And this coincides with Nigeria government as it announced Decade of gas, saying that gas will play a significant role in the country’s economy”.

Oguachuba noted that the company had started the monetisation of gas resources to put in infrastructure for the delivery of gas to end users, adding that they are also putting up pipelines for the delivery of gas to the domestic action.

See also  COVID-19: Nigeria Records 8 More Deaths, 631 New Cases In 19 States, FCT

“We have another option which is 300 million gas pipeline dedicated for supply for domestic gas obligations with government and we have signed three contracts on it”.

He noted that the company was faced with challenge of appropriate price, how to make sure that gas gets to end users, among others.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular