Over the years, gas flaring has proven to be a major health and environmental problem affecting climate change because of its capacity to generate tonnes of greenhouse gases which contribute largely to global warming, depletion of the ozone layer and acid rain. In Nigeria, oil companies alone flare over 313 million standard cubic feet of gas annually which results in the emission of 16.5 million tonnes of carbon dioxide making Nigeria the sixth-largest gas flaring country in the world. Without a doubt, all these make it imperative for the government to save its environment and citizens’ health by regulating or ending gas flaring or venting during the process of gas or oil production.
In response to this, the Federal Government of Nigeria, in December 2016, launched the Nigeria Gas Flare Commercialization Programme (NGFCP) as a policy to end gas flaring in Nigeria by capturing and commercializing excess associated gas.
This publication, therefore, examines the policy and its merits and highlights key considerations for new entrants in the industry.DOWNLOAD WHITEPAPER