The Federal Government said it would optimise the country’s abundant gas resource to achieve the transition to low carbon energy sources.
Chief Timipre Sylva, Minister of State for Petroleum Resources, said this assertion at the 2021 Society of Petroleum Engineers Nigeria Annual International Conference and Exhibition on Tuesday in Lagos.
The minister noted that those pushing for the move failed to take into account the different socio-economic, political and developmental peculiarities of individual nations. He said it was obvious that the world was migrating from a fossil fuel-based economy to renewable energy. “It is our belief that the distinguished Society of Petroleum Engineers will be in the forefront of our quest to achieve the desired balance of clean environment, safe public health and a renewed global oil market.
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