Ghana To Lead Global South-South Initiative On Energy




Hon. BuahGhana has accepted to lead a global south-south initiative on energy aimed at improving institutional capacity of southern oil and gas countries to effectively manage the sector through cooperation for sustainable development.

Ghana will host the secretariat of the South –South Energy Initiative (SSEI) which will be officially launched in Accra next March.

The United Nations Office for South-South Co-operation (UNOSSC) is facilitating the development of the initiative which will provide a formalised mechanism for emerging and traditional oil and gas producing countries in the global south to systematically share their knowledge, experiences, intelligence and research in an effort to address key issues in managing the petroleum sector.

The Minister of Energy and Petroleum, Emmanuel Armah Kofi-Buah, in accepting the offer for Ghana to lead the south-south energy initiative at the 6th Global South-South Development Expo in Nairobi last Friday, said the southern governments had the opportunity to capitalise on the role that oil and gas could play in the transition to a green economy and more sustainable energy system.

He said just like the industrialised north, those in the developing south would be dependent on fossil fuel for the foreseeable future, adding that they would want to pool best ways to ensure efficient and clean production.

This, he said would ensure equitable distribution of revenues both inside their countries and with outside companies and countries that provided needed capital and technology.

Mr Buah said technologies had allowed many southern countries that once imported their oil and gas to develop new-found reserves, noting that the reduction in import bills and the increase in their export revenues were enhancing social and economic development.

He explained that the initiative offers a pipeline to know how global corporations’ access to network of energy producing governments committed to providing a clear framework of law and regulations with similar high standards across the emerging energy producers.

Others who contributed to the panel discussion were Kenya Minister of Energy and Petroleum, Davis Chirchir;Ugandan Minister of Energy and Mineral Development, Irene Muloni;Secretary General of the National Energy Council of Republic of Indonesia,Dr Hadi Purnomo; and the  Director of Petroleum Downstream  Operations Regulatory Directorate of the Ethiopian Ministry of Water and Energy,Kashisu Tadese as well as the Director General of Petroleum of the South Sudanese Ministry of Petroleum and Mining, Mohamed Lino Benjamin. The panel discussion was moderated by Ms Rolake Akinkugbe, Head of Energy, Oil and Gas Research, Ecobank.

By Times Reporter

Ghana has accepted to
lead a global south-south initiative on energy aimed at improving institutional capacity of southern oil and gas countries to effectively manage the sector through cooperation for sustainable development.
Ghana will host the secretariat of the South –South Energy Initiative (SSEI) which will be officially launched in Accra next March.
The United Nations Office for South-South Co-operation (UNOSSC) is facilitating the development of the initiative which will provide a formalised mechanism for emerging and traditional oil and gas producing countries in the global south to systematically share their knowledge, experiences, intelligence and research in an effort to address key issues in managing the petroleum sector.
The Minister of Energy and Petroleum, Emmanuel Armah Kofi-Buah, in accepting the offer for Ghana to lead the south-south energy initiative at the 6th Global South-South Development Expo in Nairobi last Friday, said the southern governments had the opportunity to capitalise on the role that oil and gas could play in the transition to a green economy and more sustainable energy system.
He said just like the industrialised north, those in the developing south would be dependent on fossil fuel for the foreseeable future, adding that they would want to pool best ways to ensure efficient and clean production.
This, he said would ensure equitable distribution of revenues both inside their countries and with outside companies and countries that provided needed capital and technology.
Mr Buah said technologies had allowed many southern countries that once imported their oil and gas to develop new-found reserves, noting that the reduction in import bills and the increase in their export revenues were enhancing social and economic development.
He explained that the initiative offers a pipeline to know how global corporations’ access to network of energy producing governments committed to providing a clear framework of law and regulations with similar high standards across the emerging energy producers.
Others who contributed to the panel discussion were Kenya Minister of Energy and Petroleum, Davis Chirchir;Ugandan Minister of Energy and Mineral Development, Irene Muloni;Secretary General of the National Energy Council of Republic of Indonesia,Dr Hadi Purnomo; and the  Director of Petroleum Downstream  Operations Regulatory Directorate of the Ethiopian Ministry of Water and Energy,Kashisu Tadese as well as the Director General of Petroleum of the South Sudanese Ministry of Petroleum and Mining, Mohamed Lino Benjamin.
The panel discussion was moderated by Ms Rolake Akinkugbe, Head of Energy, Oil and Gas Research, Ecobank.

email
Print Friendly

Leave a Comment