Collaboration key to addressing energy challenges, says NLNG
Yunus Yusuf reporting from Berlin in Germany
Mr Nnamdi Anowi, the General Manager of Production, NLNG, on Tuesday called for more collaboration among the government, regulators and private sector players to address the world’s urgent energy challenges.
Anowi gave the advice during the question and answer session of the World Leaders’ Panel session at the 2024 World LNG Summit and Awards in Berlin, Germany.
The five-day summit has the theme, “Achieving the Balance Between Energy Security and Decarbonisation”.
He said that while some regions can afford energy, others struggle with access and affordability.
Anowi stated, “To effectively address the energy trilemma, we need to implement regulations that facilitate affordable and reliable energy solutions.
“It’s essential that we have a long-term view, particularly as we develop newer and more efficient LNG trains.
“Decarbonisation is vital, but it must be done in a sustainable way.
“We must consider our gas reserves and strategise and how to bring them to market affordably,” he added.
According to him, many regions rich in gas reserves are currently facing financial challenges that hinder development.
“We need a collaborative effort to create regulations that support the energy sector and enable us to navigate these challenges effectively,” he said.
He further stressed the necessity of viewing energy solutions through a global lens rather than compartmentalising regions.
“We have only one planet, and we must find ways to provide energy security and affordability to all regions before discussing sustainability,” he said.
Anowi acknowledged the complexities of decarbonising existing plants and stressed the importance of operational efficiency and innovative solutions.
He mentioned NLNG’s commitment to carbon certification and the use of advanced technologies, such as drones, for emissions monitoring and efforts to electrify operations.
“While we explore options like combined cycle power plants and hydrogen, it’s crucial that these projects are not pursued in isolation.
We must integrate them with carbon capture, utilisation, and storage (CCUS) initiatives,” he explained.
As NLNG moves forward, Anowi believes that a balanced energy mix, incorporating both traditional and renewable sources, is essential for sustainable development.
“By combining the right technologies and fostering collaborative efforts, we can reduce our carbon footprint while ensuring energy access for all,” he noted.
The 24th World LNG Summit and Awards, organised by DMG Events Ltd., attracted 750 attendees and featured 200 speakers from 500 companies across the energy value chain.
