NAPENews Magazine August 2021 Edition

EMBRACING
ENERGY TRANSITION
An excerpt from NAPE fellow’s retreat
As the energy transition
narrative continues
globally, changes will
continue to unfold in varying
degrees, creating opportunities
and new challenges.
However, it is important to have
a good understanding of what
energy transition is really about
especially as it relates to
evolving technology disruptions
in today`s unidirectional energy
supply.
The need for optimal use of
resources remains key as
inherent limitations are the
shapers of this debatable energy
transition, and with the buzz
around electrification, it is
important to know that the
ultimate solution for future
e n e r g y m o b i l i t y a k a
'decarbonized transportation'
remains a mix of energy carriers.
In discussing the subject of
Energy Transition, it is critical to
interrogate a number of
perspectives, some of them are:
I. Understanding energy
transition: the changing energy
mix
ii. Developing strategies for
the energy transition: assisting
final consumers lower the
emissions
iii. The power grid of the future:
energy scenarios, market
scenarios, accrediting our lower
carbon activities
iv. Decarbonization of the
industry: our commitment to
advance a low carbon future.
v. O w n i n g t h e e n e r g y
transition: embracing the
expected challenges while
advocating for better policy
and clearer incentives.
vi. Succeeding in our new
world:
reward
progress and
The idea for a 2021 NAPE
Fellows' retreat evolved from the
dire need of acclimatising with
the current realities of our
industry. various topics came to
fore but all with the echo of
Energy Transition in their intents.
The theme for the Fellow's
Retreat was: Impact of Energy
Transition on the Oil and Gas
Industry and Repositioning
NAPE to Sustainably Adapt to
Energy Transition.
Our Fellows' position clearly
articulated the urgency and
importance of the theme and
NAPE's initiative to lead the drive
in embracing the energy
transition.
What is energy transition?
Energy Transition is simply about
Energy Mix, with higher
alternate/more sustainable forms
of energy sources contributing
more that “fossil fuel” or “black”
energy, if we are to go by the
street terms.
F o r u s a s F o s s i l f u e l
practitioners, this isn't a simple
charade of ideas. It is a
fundamental change for how we
do business, more importantly
how the world sustains itself.
However, for a developing nation
like Nigeria with zero to nonexistent
energy supply despite
large fossil fuel reserves and
production, it implies a tetraheaded
dimension to the
sustenance of the livelihood of
the populace.
This Energy Transition isn't like
the others, where we simply
evolved from one form of fossil
fuel to another. In this era, the
w o r l d i s c a l l i n g f o r a
decentralization of the fossil fuel
dependency and seeking more
dynamic energy mix which should
include solar, water, wind, waste
conversion and more.
In his submission, Dr Andrew
Ejayeriese FNAPE, FNMGS, a
former President of NAPE stated
that: The recent trends impacting
the industry include the oil price
wars, climate change the COVID-
19 pandemic and the Paris
Agreement-Net Zero Carbon
Emissions.
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