Stakeholders Chart Path to Sustainable Oil & Gas Sector in 2025

Started by toluwalopesong, Jan 20, 2025, 07:50 AM

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toluwalopesong

Jan 20, 2025, 07:50 AM
Stakeholders Chart Path to Sustainable Oil & Gas Sector in 2025

Industry stakeholders have outlined strategies to achieve sustainability in Nigeria's oil and gas sector in 2025. During a high-level forum held in Lagos, participants deliberated on critical issues such as energy transition, environmental responsibility, and economic diversification to ensure the sector's long-term viability.

The forum, themed "Sustainability in Nigeria's Oil and Gas Sector: Challenges and Opportunities," brought together representatives from government, private sector players, environmental advocates, and international partners. Discussions centered on adopting cleaner energy sources, improving regulatory frameworks, and enhancing local content participation.

A key takeaway was the urgent need for investments in gas infrastructure to support the shift towards cleaner energy. Stakeholders also highlighted the importance of collaboration among industry players to drive innovation and reduce greenhouse gas emissions. "The oil and gas sector must embrace sustainability not just as a goal but as a necessity for economic and environmental survival," one speaker noted.

The event concluded with a call for policy reforms to attract foreign investments, foster transparency, and ensure that oil and gas revenues are effectively utilized for national development. The stakeholders agreed to establish a task force to monitor progress and implement actionable recommendations from the forum.
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