In an effort to lower methane emissions, the Nigeria LNG Ltd. (NLNG) has disclosed that it has joined the Oil and Gas Methane Partnership (OGMP 2.0).
The partnership is managed by the UNEP.
In addition, the corporation said that the alliance would increase reporting of methane emissions' accuracy and openness.
The General Manager of External Relations and Sustainable Development at NLNG, Andy Odeh, stated in a statement on Wednesday in Lagos.
As part of NLNG's commitment to decarbonization, the move, according to Odeh, was another step.
In the final quarter of 2022, the business signed an MoU with UNEP, according to Odeh's citation of Dr. Philip Mshelbila, NLNG's managing director and chief executive officer.
Mshelbila stated that the agreement proved the business' dedication to cutting methane emissions as part of its decarbonization process.
A cleaner, greener energy mix that will include gas will ensure a future for the company and its stakeholders, he said, adding that the company was proudly committed to annual reporting, a gradual reduction of its methane emissions, and decarbonization.
He continued by saying that NLNG was already carrying out a comprehensive programme for disclosing and lowering its methane emissions, using the most recent business tools to monitor its performance.
Mshelbila added that NLNG's journey towards decarbonization would increase stakeholders' and consumers' faith in the company's capacity to care for the environment in which it operates and to maintain its competitiveness on a global scale.
“The OGMP is recognised globally as the most significant voluntary initiative for companies in the oil and gas industry to systematically reduce their methane emissions and demonstrate the reduction in a credible manner to all stakeholders,” Mshelbila said.
The group expressed its excitement over NLNG's participation in a message to welcome the company, noting that Nigeria is a key natural gas producer and one of the major contributors to Africa's LNG output.
“OGMP 2.0 covers 55 per cent of Africa’s oil and gas production.
75 per cent of all methane emissions from oil and gas companies in the continent can be mitigated.
“45 per cent of them at no net cost. To meet that target, we invite other companies in the sector to follow the steps of NLNG and join OGMP 2.0.,” the group said.
The NAN reports that NLNG is an incorporated Joint Venture owned by the Federal Government of Nigeria, represented by Nigerian National Petroleum Company (49 per cent), Shell Gas B.V. (25.6 per cent), TotalEnergies Gaz & Electricite Holdings (15 per cent), and Eni International N.A. N. V. S.àr.l (10.4 per cent).