Paramaribo, Suriname – The world cannot rely solely on renewable energy to power its future, as hydrocarbons remain essential for energy security and industrialization, says NJ Ayuk, Executive Chairman of the African Energy Chamber. Speaking at the Suriname Awareness Symposium, Ayuk stressed the need for a balanced approach to energy transition.
“The sun might not shine forever, the wind might not blow forever. You might just need some gas to fire up those power plants and really provide you an opportunity for industrialization,” Ayuk stated. He warned against premature abandonment of oil and gas, especially for developing nations seeking economic transformation.
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Highlighting Africa’s energy struggles, he noted that even South Africa faces severe power shortages. “I live in South Africa, where eight to 10 hours a day, we have blackouts. Africa’s most industrialized nation ends up in the dark,” he said. Across the continent, 600 million people lack access to electricity, which he described as a human rights issue.
Ayuk acknowledged the impact of climate change but stressed that economic development cannot be sacrificed. “We don’t deny the challenges around climate change. We believe climate change and energy power are precisely the same common issue we have to address.”
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Defending Suriname’s right to develop its oil resources, Ayuk dismissed criticism that new oil production could harm global climate efforts. “Suriname has 94% forest cover – it’s already a carbon sink,” he argued. “I don’t want you to apologize for trying to use your natural resources to better the lives of your people. It is your right.”
Ayuk also called for greater female representation. “Women have been the last hired and the first fired in our industry. We’ve got to change that,” he said, emphasizng the importance of equal opportunities.
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Ayuk urged industry leaders to take control of their energy future, integrating oil, gas, and renewables responsibly. “We are better when we get together. It is up to us to shape the industry, to create opportunities, and to ensure a just energy transition.”
Suriname is joining its neighbor Guyana in offshore oil production. The GranMorgu field holds an estimated 750 million barrels of oil, with first oil expected in 2028. A floating production, storage, and offloading (FPSO) vessel will produce up to 220,000 barrels per day from around 30 wells. This is being constructed by SBM Offshore.
