Nigeria has a great opportunity to take advantage of gas in transiting to cleaner sources of energy with its over 200 trillion cubic feet proven gas reserves, Mr. Olatunji Akinwunmi, chairman, Society of Petroleum Engineers Nigeria Council, has said. He told newsmen on the sidelines of the recent 2021 SPE Nigeria Annual International Conference and Exhibition (NAICE) in Lagos, that it was in the best interest of Nigeria’s oil and gas industry to be in the race with the rest of the world regarding energy transition. According to him, reduction of carbon emissions could be achieved by more efficient operations, focus on transition to gas exploration and development to replace coal in electricity generation. He said the passage of the PIB by the National Assembly would assist Nigeria’s energy transition through the utilization of its abundant gas resources.
