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  • Oil & Gas - News
  • Updated: August 15, 2022

NUPRC Inaugurates Gas Flare Commercialisation Team

NUPRC Inaugurates Gas Flare Commercialisation Team

The Federal Government's endeavour to stop gas flaring by 2025 is being led by a 12-member "Gas Flare Commercialization Programme Team," which was established by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The team's Chief Executive, Gbenga Komolafe, inaugurated the team in Abuja and stated that monetizing gas resources was a step in the right direction toward ensuring energy security, particularly during the current global energy revolution.

Komolafe, in a statement on Sunday, said ”gas flaring in the industry had continued to be a menace which needed to be eradicated because of its adverse effects on the environment and people.”

He said that the wasteful disposal of natural gas is not only fraught with serious health/environmental consequences, ”but it is also a major resource waste and value erosion to the country.”

According to Komolafe, this is the reason the Federal Government dubbed the years 2021 to 2030 the "Decade of Gas," during which time the country must transition its emphasis 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 not only set a country 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.

Komolafe recalled that in order to stop natural gas from being flared by oil firms operating in the nation, the Federal Government launched the Nigerian Gas Flare Commercialization Programme (NGFCP) in 2016.

However, he claimed that despite unexpected obstacles limiting its execution, the project was positively accepted by industry observers and stakeholders.

Komlafe said, "as a nation, Nigeria must ensure that it harnessed all available gas resources for value creation."

He declared that the NUPRC would resume the process of awarding flare sites to technically qualified businesses after a competitive bid process.

"This process has become crucial in view of the policy direction of the Federal Government to ensure all gas resources are developed for National development," he added.

According to Komolafe, the commission was doing its research to find acceptable flare sites for the bidding process in collaboration with outside technical resources.

"it was for the purpose that the committee of staffers of the commission was inaugurated to drive the process and coordinate implementation of the programme,” he said.

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