How Nigeria’s gas flare commercialisation will work
Gas flaring by oil companies in the region has for years devastated the environment and livelihoods of local populations.
Oil companies in Nigeria produce over 4 billion standard cubic feet of gas per day. But according to the authorities, nearly 80 per cent of the associated gas produced is utilised or redirected into the earth crust. But if the wasted gas were captured, it could be used in boosting electricity generation and even used as cooking gas.In 2016, relying on Nigeria’s petroleum law empowering the minister of petroleum resources to take flared gas and commercialise it, the minister of state, Ibe Kackikwu, launched the National Gas Flare Commercialisation Programme to involve third-party investors or off-takers.
According to the process documents, the firms must demonstrate technical capacity for the design, construction, operation and maintenance of gas utilisation. Based on applicable laws, instead of wasting gases and damaging the environment, oil companies will be required to surrender gas flare to the utilisation projects of the successful off-takers.
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