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"Synergy, Commitment Are Key to Global Energy Sustainability, Says Bounour

By Favour Ifeoluwa & Akinola Ajibade  The Chief Executive Officer, Egbin Power Plc, Mr Mohktar Bounour says global transition to cleaner energ and sustainable environment are achievable, as long as there is strong synergy and commitment among stakeholders in the value chain.  He spoke during the maiden edition of  Asharami Square in Lagos. This is an initiative introduced and implemented by the Sahara Group, in order to amplify discourse on energy sustainability through  media advocacy globally. He said: " Having analyzed the percentage of global greenhouse emissions attributed to sectors including electricity/heat production, agriculture/forestry and transportation, we are realised that there is need for synergy  and renewed commitment among stakeholders". According to him, Egbin Power has unwavering commitment to reduce carbon emissions and promotes sustainable energy sources, stressing that the need to depeening engagement and advocacy among stakeholders in
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: Fed Govt Plans To Executev Brass Methanol Project In May





Ekpo 

Fed  Govt to Execute Brass Agreement This  May 

By Favour Ifeoluwa & Akinola Ajibade

The Federal Government will  sign Gas Supply and Purchase Agreement ( GSPA) to support  Brass Methanol Project in May 2024, the Minister of for Petroleum Resources,, Hon. Ekperkipe Ekpo, has said.
He said the agreement aimed at supporting the Final Investment Decision (FID) for the Project.

According to Louis Ibah, the Minister made the announcement yesterday, after a meeting  with key stakeholders of the project in his office in Abuja. 
The meeting aimed at confirming whether there is adequate gas supply to the Brass Methanol Project by the NNPC/Shell/TotalEnergies/NAOC Joint Venture (JV), as well as determine the next steps to conclude and execute the GSPA and mature the phase 2 of gas supply to the project.

Present at the meeting were the Head of Joint Venture (JV), Investment Management, NNPC Upstream Investment Management Services, Mr. Olanrewaju Igandan; Deputy Managing Director, Nigerian Agip Oil Company (NAOC), Mr. Richard Orianzi; Managing Director, Shell Petroleum Development Company Nigeria, Mr. Osagie Okunbor; Managing Director of Brass Fertilizer and Petrochemical Ltd, Mr. Ben Okoye, among others.

Ekpo at the meeting informed the officials of President Bola Tinubu’s strong interest in resolving issues relating to gas supply to the Brass Methanol Project.

He said the President was passionate about the speedy kick off of the project so that it could bring in the much needed FDI with attendant economic benefits to the country.

"Mr. President is very passionate about this project and wants something positive to happen in respect of the Brass Methanol project before the end of May this year," Ekpo said.

The Brass Methanol Project, located on Brass Island in Bayelsa State, is sponsored by Brass Fertilizer & Petrochemical Company Limited (BFPCL).

The $3.8billion project is made up of a gas processing plant, and methanol production and refining plant, product export facilities, among others.  

At the end of the meeting, Ekpo announced he had successfully resolved the GSPA issue as the deal would be sealed by May that the NNPC/SPDC JV partners are now fully committed to uninterrupted gas supply for the development of the project.

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