August, 9
President Muhammadu Buhari has approved the Flare Gas (Prevention of Waste and Pollution) Regulations 2018, to be used for the implementation of the National Gas Flare Commercialisation Programme (NGFCP)
The NGFCP Programme Manager, Justice Derefaka, stated that if flared gas was properly exploited, it could create 300,000 jobs, produce 600,000 metric tonnes of Liquefied Petroleum Gas (LPG) per annum, as well as generate up to 2500 megawatts (MW) of electricity from new and existing power stations.
According to him, approximately 700 million standard cubic feet per day (mmscf/d) of gas was flared at 178 flare sites in the country, while about USD3.5 billion worth of inward investments was required to accomplish the country's flare gas commercialisation targets by 2020.