In a bid to end gas flaring and save revenues in Nigeria’s hydrocarbon exploration industry, the Federal government has announced the launch of a Gas Flare Commercialisation Programme Team. NAIRAMETRICS reports.
The 12-member committee was inaugurated by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Sunday, according to NAN. Information Guide Nigeria
Mr Gbenga Komolafe, the Chief Executive Engineer, said the FG is committed to eradicating gas flaring due to its adverse effects on the environment and people.
The NUPRC in a statement said that monetising gas resources was a positive step towards guaranteeing energy security, especially in the global energy transition period.
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Komolafe, said, ”Gas flaring in the industry had continued to be a menace which needs to be eradicated because of its adverse effects on the environment and people.”
He added that the wasteful disposal of natural gas is not only fraught with serious health/environmental consequences but is also a major resource waste and value erosion to the country. jamb results
He further stated that FG declared the period 2021 to 2030 as the “Decade of Gas”, a period within which the nation must shift focus from oil-centred exploitation to gas-driven industrial development.
“Even though the World Bank has set 2030 as the target year to end gas flaring, Nigeria has set the country’s deadline for 2025.
“President Muhammadu Buhari made a commitment towards the Paris Agreement during the COP26 Leaders’ Summit to achieve Net Zero carbon emissions by 2060,” he said.
He stated the 2016 Nigerian Gas Flare Commercialisation Programme (NGFCP) to end flaring fizzled out due to unforeseen constraints which truncated its execution, urging that Nigeria must ensure that it harnessed all available gas resources for value creation.
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