Economist: Rising Kerosene, Cooking Gas Prices Will Affect Nigerians

Chevron Nigeria has had 95% success in reducing gas flaring.
He said he leverages metrics to ensure 100% achievement.
Chevron Nigeria Mid Africa Director of Communications, Mr. Victor Anyaegbudike revealed this during a Nigerian-American Chamber of Commerce (NACC) breakfast in Lagos recently.
Noting that the company would provide free gas flaring in the country, he said it had set up the Escravos Gas-to-Liquid (EGTL) project which would take the gases and put them into liquid, adding that soon the EGTL will be introduced in Nigeria and the liquid will come to Nigeria in the form of diesel.
“We had already seen where the world is going that we really need to stop the emission of gas, not just gas, methane is another terrible carbon that we need to reduce.
“No responsible company would want to flare their gas because it is commercial property for Nigeria,” he said.
Underscoring the importance of the commodity, Anyaegbudike said that gas is the next fuel, so it is where the company is heading in terms of carbon emissions.
He said Chevron has done a lot in terms of reducing gas flares, which he says impacts communities.
“You see, over time, when there is no more torch, there are no more health risks associated with this type of torch. That’s what we do and that’s the big story that we have and have done over the years,” he said.
According to Anyaegbudike, Nigeria’s declaration of a decade of gas initiative means there is a need to explore how gas could be commercially viable and how gas could become the transition fuel of the next century.
He recalled that Chevron started talking about a decade of gas even before Nigeria, hence its focus in this direction long before now.
Speaking on the theme: “Chevron’s Strategic Social Investments Supporting Nigerian Institutions,” he said the company has what it calls gas collection and compression systems.
“We try to recover the gas that we have everywhere, this gas that would have been flared. We have facilities to collect them wherever the gas is, we have pipelines that collect them,” he said.
According to him, Chevron was the first company to launch the Escravo project. He explained that when all these gases have been recovered, they are sent to a gas project where they are purified. This, he noted, makes the company the largest supplier of domestic gas among all international oil companies (IOCs) from 2015 to present.
“Because we produce this gas, what we do is we recover it, we don’t burn it anymore. That’s why we have the 95%, and we’re going to 100%,” he insisted.
National Vice President, NACC Thomas Oshobu noted that Chevron has been a strategic investor and player in the oil and gas industry for several decades.
According to Oshodu, who is the National Vice President of the Foundation for Partnership Initiatives in the Niger Delta (PIND), the company was also incorporated in the country to implement and support these programs.
“You will recall that in 2014 Chevron committed an additional $40 million in funding for the PIND through 2019. Chevron has contributed significantly in the past as existing social investment efforts and by focusing on one strategic objective, namely the creation of a peaceful environment conducive to equitable growth, especially in the Niger Delta as well as a human capacity building initiative for all Nigerians,” Oshobu said.
He noted that the country is currently in great economic difficulty and therefore all efforts to help rebuild this nation on both the macro and micro space are to be welcomed and appreciated.

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