FG approves 139 firms to commercialise gas flares

All is set for the realization of the key dream of the Nigerian Gas Flare Commercialisation Programme (NGFCP) Bidders Conference and Investors Forum in 2022 as a total of 139 investors are now ready to monetise the gas flares from the 48 flare sites across the country. Nigeria currently has over 100 gas flair sites dotting parts of oil-rich Niger Delta.
Business Hilights recalls that the 2022 NGFCP Bidders Conference and Investors Forum, was organised to intimate all qualified applicants, partners, sponsors and technology providers on the structure of the ‘Request for Proposal”, for the flare sites.
The forum also provided further guidance on upcoming programme of activities, while it gave the government an opportunity of listening and collating feedback from all participants towards optimising the RFP phase.
Explaining more, the Chief Executive, Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, congratulated all the qualified applicants for their successful performance during the Statement of Qualification phase of the bid process, as he stressed on their capacity to monetise gas flares.
He said “It might interest you to note that the programme received over 300 applications from interested applicants but only 139 were adjudged qualified/successful following the evaluation exercise conducted in line with the RFQ published criteria.
Efforts to get the views of the Program Manager of NGFCP, who doubles as the Special Adviser on Gas to the Minister of State for Petroleum, Engr. Justice Derefaka failed at press time.