Decarbonization: NNPC Ltd joins OGMP 2.0, set to achieve net zero goal

NNPC Limited, Nigeria’s national energy company, has taken a significant step towards advancing methane transparency in Africa by joining the Oil and Gas Methane Partnership (OGMP) 2.0.

This move reinforces the company’s commitment to reducing methane emissions and achieving its target of net zero methane intensity by 2030.

As a leading National Oil Company (NOC), NNPC Limited recognizes the critical role it plays in promoting environmental accountability and reducing methane emissions.

By joining OGMP 2.0, the company will leverage a robust, measurement-based international reporting framework to enhance transparency, scale accountability, and adopt best practices for methane emissions reduction.

NNPC Limited’s decision to join OGMP 2.0 demonstrates its dedication to driving measurable progress in its decarbonization journey.

This move aligns with Nigeria’s broader climate ambitions and global environmental standards, underscoring the company’s commitment to cutting methane emissions and contributing to a more sustainable future.

Persecondnews recalls that in early November the Nigerian National Petroleum Company Limited (NNPC Ltd) called for increased collaboration and transparency among stakeholders in the global energy industry’s quest to eliminate carbon emissions and achieve net zero by 2050.

Mr. Mele Kyari, the Group CEO of NNPC Ltd, made this call during a strategic panel session at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC 2024).

He noted that to address this, Nigeria has implemented two key policy shifts: declaring the decade of gas as a transition fuel and removing fuel subsidies. These policies drive Nigeria’s decarbonization agenda.

As a signatory to the Oil & Gas Decarbonisation Charter (OGDC), Nigeria aims to achieve gas flare-out by 2030 through gas utilization for automotive and power generation.

With 209 trillion cubic feet of gas reserves, Nigeria seeks to bridge the gap in access to capital for funding gas projects, primarily reliant on International Oil Companies (IOCs).

Kyari pointed out the importance of recognizing differences in countries’ progress toward decarbonization, advocating for a level playing field.

He commended TotalEnergies’ partnership with NNPC Ltd., utilizing methane measurement and detection technology.