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The European Union’s groundbreaking proposal to label natural gas as “green” energy is good for Africa and our energy industry.

Africa’s demand for a fair and comprehensive energy shift was answered through the European Union’s groundbreaking proposal to label natural gas as a “green” energy source. Historically, Africa has always fought for sustainable development. Because even the slightest changes in climate are directly aware of the devastating effects that can have on the continent and its population. However, in order to develop sustainably, Africa must first industrialize itself. It must have the same opportunities as Europe and other Western countries. The fact that natural gas acts as a transitional energy source has long been promoted by African countries, and therefore the African Energy Council (www.EnergyChamber.org) justifies its positiveness. We welcome the EU’s proposal as a breakthrough development outlook for a comprehensive energy transition.

Energy availability has been compromised to bring about policies that have the potential to increase Africa’s energy supply. The current pressure from the West to adapt to cleaner energy systems has so far been exclusive in recognizing that the form and timing of transitions can vary from region to region. By limiting investment in energy sources such as gas, Africa can be left behind during the energy transition, which is counterproductive and regressive.

“We had disagreements with our European friends, but there was always a constructive behind-the-scenes dialogue with European policy makers. They listened, worked and insisted on low-carbon LNG in Africa. These discussions were very important for us to look at gas. We still have to do a lot of work to make this happen. Executive of the African Energy Council Chairman NJAyuk said: While continuing this effort, it is important for the oil and gas industry to focus its investment on further reducing carbon emissions within the gas value chain. To make a history of sustainable development and energy poverty, Europe needs to increase gas in its energy mix, which allows carbon on the continent, even if it accounts for less than 4% of world emissions. You have a chance to fight to reduce emissions. “

Africa faces its own challenges and must be allowed to time its own energy transitions according to its own needs. The proposal to label natural gas as “green” energy is exactly what the energy transition looks like, and now we need to fund it. To take advantage of this, the Africa Green Energy Summit, which will be held at Africa Energy Week this year, will clearly explain our efforts and position toward this year’s COP27.

Now, at the dawn of the New Year, Europe and Africa can work together, work together and pledge allegiance for a brighter future. The two continents set aside the differences and can work together towards sustainable development, to the African energy industry, which serves the whole world and all of them, rather than the few privileged people. It paves the way for new approaches. If most EU member states support the proposal, it will be legislated from 2023 and the African Energy Council hopes to help the United States recognize natural gas as a clean fuel.

This new proposal paves the way for new European investment in natural gas in Africa, and therefore billions of euros in funding and sustainable energy for Europe to support gas as a transitional energy source. Allows you to unlock the fund. The EU wants to import natural gas developed by Africa. This is constructive in financing the project and opens the door for open discussions on promoting energy availability across the continent.

Some countries such as Senegal, Mozambique, South Africa, Tanzania, Nigeria, Angola, Ghana, Mauritania, Libya, Cameroon, Algeria and Equator Guinea have taken steps to monetize their natural resources for independent development and industrialization. I am taking it. Therefore, we need to give them time to realize the benefits of their strategic efforts and promote their own sovereignty when sticking to the energy shift. By using natural gas as a raw material to produce value-added products such as petrochemical products from fertilizers to ammonia, profits can be used to build infrastructure from pipelines to ports and roads, resulting in economic diversification of other companies. You can open the door to. African countries too.

“While Africa’s LNG demand is projected to grow for the foreseeable future, investment in gas exploration has been hit hard by a short-sighted bias towards low-carbon natural gas resources, which is global for natural gas. “African countries must be more realistic, until the exploration and production companies approve the proposed project,” Ayuk continued, “being reluctant to invest in supply projects because the outlook is collapsing.” If you have to wait a year or two, the future outlook for sustainable African energy will decline rapidly. These practices that help protect the interests of oil-producing countries are 100 crude oil per barrel. Sold for dollars, it made sense before the energy shift was central, but now it doesn’t. “Conclusion Ayuk

The African Energy Council welcomes this proposal as an African victory, but it is not time to return to the old ways of the continent. Now is the time for African oil and gas producers to do their utmost to encourage as much exploration and production activities as possible, especially through international oil companies, state-owned oil companies, and independent African companies. In the long run, African oil and gas producers will continue to rely on industry profits to sustain economic growth and ensure a fair and comprehensive energy transition, transfer knowledge, training and monetize gas. We need to work on programs and other strategic opportunities. Their oil and gas operations can pave the way for sustainable development and diversification.

Distributed by the APO Group on behalf of the African Energy Chamber of Commerce.

The European Union’s groundbreaking proposal to label natural gas as “green” energy is good for Africa and our energy industry.

Source link The European Union’s groundbreaking proposal to label natural gas as “green” energy is good for Africa and our energy industry.

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