Shell Nigeria Exploration and Production Company (SNEPCo) has reaffirmed its commitment to assisting the country in meeting its lower carbon emission target.
“Aside from being the right thing to do, it is also good for our business in Nigeria,” said Mrs Eloho Aiboni, Managing Director of SNEPCo, on Tuesday in Lagos, at the opening session of the Sub-Saharan African International Petroleum Exhibition and Conference 2022 (SAIPEC).
Aiboni stated that Shell companies in Nigeria have a well-defined strategy to support the country’s net-zero emission target, which she stated is also in line with the Shell group’s ambition.
She said, “Shell companies in Nigeria are contributing to meeting this aggressive target by driving operational excellence of our existing assets, generating maximum value to secure and fund our growth and energy transition activities, and driving alternative energy solutions through the Shell-seeded impact investing company, All-On“.
She also stated that Shell was expanding its domestic gas delivery network while also developing capability and relevant skills upstream of the energy transition.
Aiboni, who was represented by Bashir Bello, Shell’s General Manager Business Relations, described Shell’s gas infrastructure project in Aba, Abia State, as one of many contributions Shell is making to boost industrialisation through the use of gas while reducing carbon emissions.
“Our provision of access to cleaner and stable sources of energy, through our gas pipelines, provides electricity to the popular Ariaria International Market in Aba which has over 37,000 shops and an estimated one million traders”, Aiboni said.
She stated that Shell remained committed to the Paris Agreement’s goal of limiting global warming to 1.5 degrees Celsius. “We are also working hard to assist those who use our products in lowering their own emissions”.
According to Aiboni, approximately 80 metric tonnes of Shell’s global CO2 emissions in 2019 came from direct and indirect operations, compared to over 1,500 metric tonnes from Shell’s customers’ use of the company’s products.
“The opportunities lie, therefore, in more environmentally friendly energy products and alternative energy sources including solar and hydrogen”.