FG needs $3.5b inward investments to drive flared gas commercialization target by 2020
Nigeria, Africa’s leaders in natural gas deposit loses approximately $10 billion of revenue through gas flaring, due to inability to capture and commercialise flared gas in oil producing communities. However, the country is now in need of $3.5 billion worth…
Gas flaring in N’Delta to drop this year as NNPC begins partnership in gas dev
There are facts on ground to believe that the total volume of natural gas flared by oil and gas companies in the country which rose by 17.46 per cent year-on-year to 287.59 billion standard cubic feet in 2017, may start…
Need for review of fine on gas flaring reechoes as FG loses N96bn in 5 months
Africa Environmental & Economic Peace Mission (AEEPM), weekend said it may approach a Federal High Court to seek for immediate review of the nation’s penalty regime on gas flaring. This is in response to the recent revelation of an estimated…
Only laws made by NASS can compel IOCs to end gas-flaring by 2020—AEEPM
A new report by leading nature based Non-Governmental Organisation (NGO), the Africa Environmental & Economic Peace Mission (AEEPM) has disclosed that “Only laws passed by the National Assembly can compel the International Oil Companies (IOCs) to do the needful by…
How IOCs failed to pay $14.3b penalty for gas-flaring to FG in 8 years
Fresh figures from the Department of Petroleum Resources (DPR) and Nigerian National Petroleum Corporation (NNPC) have shown that International Oil Companies (IOCs) failed to pay about $14.298 billion between April 2008 and October 2016 as penalty for gas-flaring to the…
New Gas Master Plan has reduced gas flaring by 26%, NNPC claims
Just as the scarcity of cooking gas continues in cities, the Nigerian National Petroleum Corporation (NNPC) has said it had succeeded in reducing gas flaring in by 26 percentage points in the last 10 years from 36 to 10. In…
