To meet the expected growth in demand for natural gas, a leading energy lawyer and Global Vice President of the International Law Association (ILA), Professor Damilola Olawuyi (SAN), has co -edited a new book, The Palgrave Handbook of Natural Gas and Global Energy Transitions.
In the book, he highlights the important roles of natural gas in the global energy transition, as well as how gas-rich countries like Nigeria can leverage their comparative advantages as safe, reliable and environmentally sustainable suppliers. of this transition fuel.
Olawuyi said the book was written out of a need to provide in-depth knowledge of the transformative implications of the ongoing global energy transitions for natural gas markets around the world.
Published by Palgrave Macmillan, UK, the 619-page book is co-edited by Olawuyi and Eduardo Pereira, a Brazilian energy law expert.
With case studies from Africa, Asia, Europe, North America, Latin America, South America, Australia and the Middle East, the book introduces its readers to the latest legal, policy, technological, fiscal, contractual and sustainability innovations in natural gas markets. in response to ongoing global energy transitions.
Olawuyi said, “Like Nigeria, many natural gas-rich countries around the world are introducing new legal requirements, contractual mechanisms and industry guidelines to meet projected growth in demand for natural gas in light of the energy transition, in a safe and reliable way and in an environmentally responsible way.
“Failure to understand and comply with these emerging standards could pose significant legal, business and transition risks for clients, as well as their attorneys, and could lead to complex litigation,” he said. declared.
He noted that the book outlines risk mitigation strategies and contracting techniques – focusing on resilience planning, low-carbon business models, green procurement, climate-smart infrastructure development, transparent disclosures and reporting on climate, gender justice and other sustainability safeguards – which are necessary to maximize the full value of natural gas as an enabler of a just and equitable energy transition and security energy in the world.
While commenting on the book, Executive Chairman of the African Energy Chamber and Managing Director of Centurion Law Group, NJ Ayuk, said it made a powerful argument on the role of natural gas in pursuing just energy transitions. .
He commended the authors for providing “such a thorough review of the regulatory, financial and market measures needed for gas-producing countries to take advantage of their natural resources.
“They give us success stories to consider and rightly challenge us to consider the role women play in our evolving energy industry. The result is a compelling read that I believe makes a powerful argument for pursuing just energy transitions. »
For his part, Professor Kim Talus, who holds the McCulloch Chair in Energy Law and Director of the Tulane Center for Energy Law and Professor of European Energy Law at the University of Helsinki, Finland, noted that this book couldn’t come at a better time.
He noted, “In-depth studies on the transition of the gas sector in various parts of the world will provide guidance to market players, governments and experts.
Clearly, this book is what you might call a must read.
Likewise, André Giserman, Advisor in the Office of the Director General of Brazil’s National Petroleum, Natural Gas and Biofuels Agency, said the book provides timely, comprehensive, transnational and interdisciplinary guidance that will be particularly useful to policy makers, regulators, industry professionals and academics in natural gas markets around the world.
Olawuyi concluded by thanking “all the expert contributors to the book, as well as the many helping hands of Afe Babalola, Ado Ekiti University (ABUAD) for their dedication and support, without which the publication of the book would not have been possible. possible.