In order to achieve energy security and sufficiency in Nigeria, TotalEnergies E&P Nigeria will cease routine gas flaring in 2023, according to Mr. Victor Bandele, the company’s deputy managing director.
Speaking at the Chief Executive Officers Roundtable session of the Nigeria International Energy Summit (NIES 2023) in Abuja, Bandele noted that the company’s choice was a conscious step toward supplying more accessible, safer, and sustainable energy for the energy transformation.
He revealed that now, around 95% of the country’s gas production is being used.
Additionally, Bandele stated that the company’s commitment to stop gas flaring this year was made 15 years ago and that they have been making work toward accomplishing the goal.
He reaffirmed the company’s commitment to effectively implementing the energy transition by completely integrating and sustaining available energy in the oil and gas sector.
According to Bamidele, the company prioritizes environmental responsibility and worker safety above everything else.
“Over the years, we have consistently pursued development, ensuring that all of our available infrastructure is properly utilized.
“This year, we have just finished drilling an exploration well, and we will continue to consolidate on the things we know how best to do,” he said.
Bandele said that the corporation has launched onshore projects that are already in the engineering stage with regard to gas as the transition fuel.
Since pipelines are being used, Bandele urged the industry regulators to broaden the range of gas that can be used on gas channels.
He revealed that the company had made significant strides in educating stakeholders about domestic gas and was continually expanding its export-oriented gas portfolio.
“TotalEnergies is present in all sectors of energy in Nigeria, namely downstream, midstream, and upstream,” he added, noting that the 550 gas stations owned by the business are located all throughout the nation and run on solar power.
On Thursday in Abuja, the four-day global energy summit comes to an end.