{"id":77430,"date":"2023-11-14T16:15:42","date_gmt":"2023-11-14T15:15:42","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=77430"},"modified":"2023-11-14T16:15:42","modified_gmt":"2023-11-14T15:15:42","slug":"africa-should-reposition-energy-industry-for-the-future-roger-brown","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/africa-should-reposition-energy-industry-for-the-future-roger-brown\/","title":{"rendered":"Africa Should Reposition Energy Industry For The Future\u00a0\u2013 Roger Brown"},"content":{"rendered":"
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Africa should reposition the energy industry for the future and become much more efficient with its energy resources, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown has said.<\/p>\n

He urged African countries to accept the fact that energy has a key role to play in the future of the continent, and the integration of the energy value chain is essential for the continent\u2019s anticipated \u00a0progress.<\/p>\n

The Seplat Energy CEO said this at the opening ceremony of the 41st Nigerian Association of Petroleum Explorationists (NAPE) International Conference and Exhibition, which is ongoing in Lagos. Brown delivered a stakeholder contribution to the theme \u201cRepositioning the Oil & Gas Industry for Future Energy Dynamics\u201d.<\/p>\n

Brown said: \u201cRepositioning the oil and gas sector for the future requires the understanding of certain fundamentals including accepting the fact that the sector will have a key role to play well into the future \u2013 particularly in Africa; that the energy industry needs to become much more efficient with its resources; and that the integration of the energy value chain is essential.<\/p>\n

\u201cAlso, that a functioning energy backbone (Base load) is a barrier to wide-scale renewable energy. In all these, we must come to terms with the fact that Development and Environment must not become competing objectives.\u201d<\/p>\n

He said energy is critical to the region\u2019s economic and social development.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

According to industry data, more than 600 million Africans have no access to energy; more than 900 million Africans do not have access to clean cooking (with eight per cent energy access in rural West Africa); and fewer than half of the utilities in sub-Saharan Africa recover their operating costs.<\/p>\n

Every year, the 48 countries of sub-Saharan Africa (combined population approximately 1bn)
\ngenerate roughly the same energy as Spain (with a population of approximately 45 million)<\/p>\n

Industry sources say five-fold increase in investment is required to reach United Nations’\u00a0Sustainable Development Goal 7 by 2030. There are 17 SDGs for Africa to achieve.<\/p>\n

For the\u00a0Energy Outlook<\/i>, achieving Africa\u2019s energy and climate goals means more than doubling energy investment this decade; of which the goal of universal access to modern energy calls for investment of USD 25 billion per year<\/p>\n

For Seplat Energy, Nigeria\u2019s energy trilemma, which drives energy transition remains sustainability, energy security\/access and energy affordability.<\/p>\n

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Africa should reposition the energy industry for the future and become much more efficient with its energy resources, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown has said.<\/p>\n","protected":false},"author":6,"featured_media":47106,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[9184],"coauthors":[2391],"class_list":["post-77430","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-seplat-energy"],"yoast_head":"\nAfrica Should Reposition Energy Industry For The Future\u00a0\u2013 Roger Brown - National Wire<\/title>\n<meta name=\"description\" content=\"Africa should reposition the energy industry for the future and become much more efficient with its energy resources, th\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/africa-should-reposition-energy-industry-for-the-future-roger-brown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa Should Reposition Energy Industry For The Future\u00a0\u2013 Roger Brown - 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