PE Energy Accelerates Nigeria’s Methane Reduction Drive With Tech

 PE Energy Accelerates Nigeria’s Methane Reduction Drive With Tech

PE Energy, a subsidiary of PANA Holdings, has reaffirmed its commitment to supporting Nigeria’s efforts to eliminate routine gas flaring and reduce methane emissions, in alignment with global climate commitments and regulatory frameworks.

At COP28 in the UAE, President Bola Ahmed Tinubu underscored Nigeria’s determination to tackle methane emissions, a potent greenhouse gas that constitutes 75–85% of flare gas and has catastrophic effects on the environment, human health, and biodiversity.

Nigeria’s pledge aligns with the Global Methane Pledge, the Paris Agreement, and the United Nations Sustainable Development Goals (SDGs), reinforcing its commitment to Net Zero ambitions and compliance with emerging global and African regulatory standards.

As a leading energy solutions provider, PE Energy is dedicated to leveraging innovative technologies and cost-effective solutions to help eliminate routine gas flaring while optimizing CAPEX efficiency in oil and gas fields across Nigeria.

The company’s approach aligns with the Nigeria Gas Flare Commercialization Program (NGFCP) and the African Union’s Agenda 2063, ensuring economic growth without compromising environmental sustainability.

Dr. Daere Akobo, Chairman and Group CEO of PANA Holdings, emphasized the urgency for all industry players to take collective responsibility in achieving these climate goals.

“Balancing economic interests while preserving the environment for future generations is our moral responsibility as a responsible global citizen. By adopting cutting-edge flare gas recovery and utilization technologies, we can turn environmental challenges into economic opportunities, ensuring Nigeria’s compliance with global best practices while fostering sustainable industrial growth.”

Nigeria’s oil and gas industry faces increasing pressure from global regulatory bodies, including the EU’s Carbon Border Adjustment Mechanism (CBAM) and stringent ESG (Environmental, Social, and Governance) reporting frameworks from international financial institutions.

By proactively adopting methane reduction strategies, PE Energy and PANA Holdings are positioning Nigeria as a responsible energy leader on the global stage.

Through strategic partnerships and investments in decarbonization technologies, PE Energy remains committed to driving Nigeria’s energy transition, reducing emissions, and creating economic value for local communities while securing the nation’s compliance with international climate agreements.

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