The Energy Year 2022 – April Edition

Both Partners discuss the contribution of TEMPLARS towards Environmental, Social, and Governance (ESG) intelligence within the Petrochemical Industry, as well as the value proposition of the Firm and its place in the ongoing energy transition in Nigeria.

Oghogho Akpata, speaking on the potential business opportunities within the energy industry in 2022, highlighted the increasing likelihood of divestments of onshore upstream assets by international oil companies, and as such, would create business opportunities for the firm. He also mentioned that key industry players and potential investors must take the recent changes to the regulatory framework of the Nigerian Petroleum Industry into consideration, given the enactment of the Petroleum Industry Act in 2021.

In this interview, he also discussed the Firm’s role and involvement in some of the most significant, complex and novel transactions in the Nigerian Oil & Gas sector. He pinpointed the challenges facing the Nigerian power sector, and the setbacks on carbon-intensive projects in a greener world occasioned by financial and funding constraints.

Yemisi Awonuga, in her interview, further discussed TEMPLARS participation in the Petrochemical Industry. TEMPLARS is currently advising on the proposed development of a large-scale industrial platform, comprising an ammonia plant and a phosphate-based fertiliser plant in Nigeria.

In her words “The proposed integrated platform will play a critical role in both the domestic and export markets and will go a long way in actualising Nigeria’s import substitution plan”.

She further explained TEMPLARS role in Nigeria’s energy transition and the firm’s footprint in the power sector.

The Energy Year is a monthly publication dedicated to delivering first-hand intelligence on emerging trends in the energy market by conducting exclusive face-to-face interviews with the elite of the global energy industry and reporting up-to-date information within this sector.