NLNG: Investment needed to drive energy transition

The Managing Director and Chief Executive Officer, Nigeria LNG, Philip Mshelbila has said developing nations like Nigeria would need huge investment in infrastructural development to drive its energy transition in an efficient and equitable way.

Mshelbila stated this while speaking at a global leadership panel on Energy Inclusion: Widening Access to Natural Gas and LNG to support the transition to lower -carbon energy systems in emerging economics”, in the USA.Giving audience insight into the understanding of the opportunities and challenges associated with the widening access to cleaner energy in high growth markets, Mshelbila said the dearth of quality infrastructure like pipelines, storage, regasification facilities, high costs of importing LNG, energy poverty like limited access to affordable energy are key issues that must be addressed.

He said addressing these challenges and leveraging solutions, emerging economies could widen access to natural gas and LNG, supporting a lower-carbon energy transition and energy inclusion.

Speaking about Nigeria and other developing economies, he said the global energy policymakers must create energy equity and inclusion to ensure that the average African women’s daily energy needs were met. 

https://thenationonlineng.net/nlng-investment-needed-to-drive-energy-transition/