Connect with us

Energy

Sahara Group Shares Three-pronged Net Zero Plan In 2023 Sustainability Report

Published

on

 

Strategic investment in gas assets and infrastructure, Integration of Renewable Energy, and Emissions Reduction through Nature-Based Solutions are the tripod strategies poised to drive Sahara Group’s net zero plan going forward.

This was revealed by its Director, Governance and Sustainability, Ejiro Gray, during the launch of the energy conglomerate’s 2023 Sustainability Report, titled, “Dimensioning the Energy Transition: Path to Net Zero”.

According to Gray, the three-pronged strategy reinforces Sahara’s commitment towards a more sustainable future, with 2060 as the net zero target for Sahara’s operations across Africa, Asia, Europe, and the Middle East.

ALSO READ: Aradel Holdings Admitted To NGX’s Main Board, Boosts Market Capitalization By N3.05 Trillion

“This sustainability report underscores our steadfast commitment to addressing environmental, social, and governance (ESG) factors across our diverse operations along the energy value chain. As a business, we showcase a multifaceted strategy to minimise our environmental impact. This includes various initiatives to reduce greenhouse gas emissions, optimise energy efficiency, and responsibly manage resources,” she said.

She noted that the Sahara Group acknowledges the role of natural gas as a crucial bridge fuel and is already expanding investments in gas to ensure energy security while taking tangible steps towards reducing reliance on fossil fuels and contributing to a cleaner energy mix by launching pilot solar projects.

She noted that in pursuit of emissions reduction, Sahara Group embraced nature-based solutions through investments and partnerships in reforestation and conservation projects.

“Our partnership with Treedom exemplifies this commitment, with the planting of 2,000 trees in Cameroon and Kenya expected to absorb a substantial 900,000 tonnes of CO2 over the next decade,” she added.

The Sahara Group’s path to net-zero emissions has been tiered into distinct phases. In the short term (2022-2030), the focus will be on reducing carbon footprint through initiatives like fleet electrification, cycling programs, and energy efficiency measures. In the medium term (2031-2040), Sahara will look to further diversify its energy portfolio and increase investments in renewable energy projects. Ultimately, the goal is to achieve net-zero emissions by 2060 through offsetting any remaining emissions through nature-based solutions and other carbon reduction initiatives.

On his part, Head, Corporate Communications, Sahara Group, Bethel Obioma, pointed out the report’s comprehensive scope, which encompasses various affiliates within the Sahara Group, including Asharami Energy, Sahara Trade, Asharami Synergy, Egbin Power, First Independent Power Limited, Ikeja Electric, and the Sahara Group Foundation.

Obioma said Sahara’s upstream operations recorded reduction in carbon footprint and exceptional host community relations which led to the implementation of impactful projects focused on enhancing livelihoods, education, and healthcare.

“Launching our Gas to Power project, providing 24-hour electricity to the Ajoki Community in Edo State—a first-of-its-kind initiative, achieving ISO 20400 certification for sustainable procurement and recording a remarkable 3 million Lost Time Injury (LTI) free man-hours, underscores our dedication to both social impact and operational safety,” he said.

He said Sahara also achieved successful outcomes from its midstream, downstream, and power businesses through substantial reductions in carbon emissions, focus on operational efficiency, and implementation of renewable energy sources and energy efficiency measures.

4 Comments
0 0 votes
Article Rating
Subscribe
Notify of
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
พิมพ์บาร์โค้ด

459361 47668This design is spectacular! You clearly know how to keep a reader amused. Between your wit and your videos, I was almost moved to start my own weblog (nicely, almostHaHa!) Wonderful job. I genuinely enjoyed what you had to say, and much more than that, how you presented it. Too cool! 652654

นำเข้ามอเตอร์ โบลเวอร์

532205 187996Do you have a spam issue on this blog; I also am a blogger, and I was wondering your situation; we have developed some nice practices and we are looking to exchange solutions with other folks, be sure to shoot me an email if interested. 628288

ปั้มไลค์

353116 646501So may be the green tea i buy in cans exactly the same as the regular tea youd buy to put in your morning cup? Ive been told is just normal green tea produced to be cooler, but does it have any affect as far as not speeding up your metabolism as rapidly as normal hot green tea? 747887

ddiyala
5 months ago

895164 966106Any way Im going to be subscribing for a feed and I hope you post once again soon 460179

Energy

Nigeria’s Q1 Gas Production Increases to 687bscf, Flaring Drops 8%

Published

on

Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) shows that Nigeria’s gas production rose by about 3 percent in the first quarter of 2026, while gas flaring declined by over 8 percent year-on-year.

An analysis of the commission’s gas production status reports for the first three months of 2025 and 2026 revealed that total gas output increased from 667.27 Billion Standard Cubic Feet (BSCF) in Q1 2025 to 687.09 billion scf in Q1 2026.

The increase of approximately 19.81 billion standard cubic feet represented a year-on-year growth of about 2.97 percent, highlighting continued slow but steady expansion in Nigeria’s gas sector amid the federal government’s push to deepen gas utilisation and monetisation.

In addition, the NUPRC figures had it that January 2026 gas production stood at 233.96 billion scf, compared to 236.32 billion scf in January 2025.

However, production rebounded strongly in the subsequent months, with February 2026 output rising to 212.62 billion scf from 199.68 billion scf in February 2025.

In the same vein, March 2026 production climbed to 240.51 billion scf, compared to 231.28 billion scf recorded in March 2025, making it the highest monthly production level in the period under review.

ALSO READ:

At the same time, the data showed marked improvement in gas flare management. Total gas flared in Q1 2025 stood at 50.95 billion scf, compared to 46.83 billion scf in Q1 2026. The reduction of about 4.12 billion scf translated to a decline of roughly 8.1 percent year-on-year.

Similarly, average flare intensity improved significantly during the period. The average gas flare rate dropped from about 7.65 percent in Q1 2025 to approximately 6.81 percent in Q1 2026, indicating that a larger proportion of produced gas was captured for productive use rather than burnt off.

In the same vein, monthly flare rates for Q1 2025 were 7.92 percent in January, 7.94 per cent in February and 7.08 percent in March. For Q1 2026, the flare rates declined to 7.34 percent in January, 6.62 percent in February and 6.48 percent in March.

The data also revealed a significant shift in the structure of Nigeria’s gas production. Associated gas production, which is gas produced alongside crude oil, declined during the review period.

Total associated gas output fell from 370.28 billion standard cubic feet in Q1 2025 to 332.82 billion standard cubic feet in Q1 2026. In contrast, non-associated gas production recorded substantial growth.

Non-associated gas output increased from 296.99 billion standard cubic feet in Q1 2025 to 354.17 billion standard cubic feet in Q1 2026, suggesting increased contribution from standalone gas projects and dedicated gas developments, rather than reliance on oil-linked gas production.

Also, export gas sales recorded one of the strongest improvements during the quarter. The NUPRC data showed that export gas sales rose from 223.99 billion standard cubic feet in Q1 2025 to 292.87 billion standard cubic feet in Q1 2026.

This represented an increase of about 68.89 billion standard cubic feet or approximately 30.75 percent year-on-year. Findings show that the increase was likely driven by stronger Liquefied Natural Gas (LNG) export performance and improved international demand for Nigerian gas supplies.

However, domestic gas sales weakened slightly during the same period. Domestic sales declined from 186.98 billion standard cubic feet in Q1 2025 to 171.15 billion standard cubic feet in Q1 2026, representing a drop of roughly 8.5 percent.

This raised concerns regarding the adequacy of gas supply to Nigeria’s domestic market, especially for power generation and industrial use. Despite the decline in domestic sales, gas utilisation efficiency improved marginally due to lower flare volumes.

The improved flare metrics suggested that operators were more efficient in capturing and commercialising produced gas. According to the data, total utilised gas stood at 639.91 billion scf in Q1 2025 and 639.68 billion scf in Q1 2026, indicating relatively stable utilisation volumes despite higher production.

With proven gas reserves estimated at about 215.19 trillion cubic feet (TCF), Nigeria has in recent years increasingly prioritised natural gas as a transition fuel capable of supporting domestic energy needs, industrial growth, petrochemical expansion and export earnings.

The federal government has also intensified efforts to reduce routine gas flaring through stricter regulatory enforcement and commercialisation initiatives targeted at flare gas recovery, especially through the Nigerian Gas Flare Commercialisation Programme (NGFCP).

Continue Reading

Energy

Renewed US-Iran Tensions Drag Oil Price Northwards

Published

on

After the United States carried out what it described as defensive strikes in southern Iran, which put fresh question marks over the fragile ceasefire and ongoing peace talks between Washington and Tehran, oil prices spiralled on Tuesday.

The world is taken aback because the strikes came in the midst of hopes that both countries were nearing an agreement to end the three-month war and reopen the Strait of Hormuz for the free movement of oil shipments.

Consequently, from about $97 per barrel on Monday, global benchmark Brent crude futures rose by roughly 3.5 percent on Tuesday to around $100 per barrel.

According to reports, US forces struck missile-launch sites and other targets in southern Iran on Monday, even as the Donald Trump administration signalled that a peace agreement between the two sides could be close.

In a statement, the US Central Command said the attacks were defensive in nature. “US forces conducted self-defense strikes in southern Iran today to protect our troops from threats posed by Iranian forces. Targets included missile launch sites and Iranian boats attempting to emplace mines,” CENTCOM spokesman Capt. Tim Hawkins said.

Reacting, Iran accused the United States of violating the ceasefire with the strikes. Iran’s Foreign Ministry said the attacks in the southern Hormozgan province, where Iranian media reported explosions early on Tuesday, amounted to a “gross violation” of the fragile ceasefire that has been in place for nearly seven weeks, according to Reuters.

ALSO READ: VDM in Trouble as Presidency Seeks Legal Action Over Alleged Fake Tinubu Audio

Both sides had earlier indicated progress on a memorandum of understanding that could halt the war and restore shipping activities through the Strait of Hormuz, while giving negotiators 60 days to address more contentious issues, including Iran’s nuclear programme.

Reports also indicated that Iranian negotiators had pushed for the proposed agreement to include the release of billions of dollars in frozen assets during talks held in Qatar.

The war, which began with US and Israeli strikes on Iran on February 28, has triggered a major oil supply shock, increasing the costs of fuel, fertiliser, and food globally. Iran had responded to the attacks by launching drones and missiles at Gulf states hosting US military bases.

Traffic through the Strait of Hormuz, which accounts for about one-fifth of global oil and liquefied natural gas trade, has remained significantly below normal levels since the conflict began.

Although diplomatic efforts are continuing, there are growing fears that the latest US strikes could further escalate tensions in the Middle East and disrupt global energy supplies.

Continue Reading

Energy

At 92% Completion, NLNG Train 7 Nears Pre-commissioning Phase

Published

on

The seventh gas liquefaction train of the Nigeria Liquefied Natural Gas (NLNG) Limited is on the verge of completion, having reached 92 percent of project stages.

The plant which aligns with existing trains at the company’s gas processing complex in Bonny Island, Rivers State, will propel Nigeria’s LNG production capacity with additional 8.0 million tons per annum (mtpa) from current 22 mtpa to 30 mpta upon completion.

Managing Director and Chief Executive Officer, NLNG, Adeleye Falade, made the revelation at a forum hosted by the Nigerian Content Development and Monitoring Board (NCDMB) in Lagos.

According to him, the $7.0 billion project driven by Saipem, Chiyoda, Daewoo continues to enjoy broad support from the presidency and industry regulators.

In a presentation delivered on his behalf at the event, Falade stated that the project has so far consumed a significant 120 million man hours out of the target 200 million man hours of mostly indigenous labour.

He also declared that the company has enhanced all safety measures on the construction site after recording two lost time on injury (LTI) incidents. He assured that the project contractors are prioritizing workplace safety as the project drives to pre-commissioning stages.

Mr Falade, whose presentation was delivered by Train 7 Project Manager, Ali Uwais, also noted that the Train 7 project has helped galvanize local investment in steel fabrication and galvanizing capabilities, pointing at the 4000 tons of steel already deployed in the project.

He also pointed to the spur effect in the domestic cable manufacturing industry, stating that all cables used in the project are manufactured in Nigeria. He, however, added that additional interventions are required to close quality gaps in the local manufacturing industry.

ALSO READ: S&P Credits Dangote Refinery, Key Reforms over Nigeria’s Economic Revival

In noting the urgent need for in-country standard accountabilities, Mr Falade challenged agencies and regulators in the manufacturing industry to rise to the plate of ensuring international competitiveness on product quality.’

In counting some of the interventions driven by the company to close capacity and capability gaps in the domestic industry, he noted that the NLNG is relentless in establishing centers of excellence in tertiary institutions in the country with the purpose of addressing human capacity deficits.

The Train 7 project alone, he pointed out, has facilitated the training of 13,000 Nigerians, bolstered community focused participation initiatives, and facilitated rapid infrastructure development in the host Bonny Island.

Mr Falade told the industry audience at the event that the real value of the Train 7 project must transcend site activities to capture capacity, facilities and infrastructure developed for the project.

He called on other players in the industry to contribute to building capacity, standards and quality that compete globally, adding that Train 7 proves that Nigeria can grow and develop to global standards.

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.

4
0
Would love your thoughts, please comment.x
()
x