FG announces first bid round for gas flare commercialization, invites participants
Follow up to the “Flare Gas (Prevention of Waste and Pollution) Regulations 2018” which provides a legal framework for the implementation of the Nigerian Gas Flare Commercialization Programme [NGFCP], the federal government has announced first bid round for the flare…
FG jerks up gas flare penalty to $2 per 1000scf, N50,000 fine on fake data
The federal government through the Ministry of Petroleum Resources has put paid to its earlier assurance to pursue the end of gas flaring in Nigeria by raising key penalties associated with gas flaring by International Oil Companies (IOCs). This was…
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…
