The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued Permits to Access Flare Gas to 28 successful awardees under the Nigerian Gas Flare Commercialisation Programme (NGFCP), marking a pivotal shift from environmental liability to economic opportunity in Nigeria’s upstream petroleum sector.
The Commission Chief Executive (CCE), Engr. Gbenga Komolafe, said the issuance of the Permit to Access Flare Gas (PAFG) under the 2022 NGFCP signifies the transition from legacy challenges to market-driven solutions that unlock economic opportunities, strengthen energy security, reduce emissions and improve operational efficiency across the industry.
On the benefits of the award, Engr. Komolafe said the programme is expected to reduce carbon dioxide by six million tonnes yearly, attract US$2 billion in investments, and create over 100,000 jobs.
The NUPRC boss stated: “A total of 49 flare sites have been auctioned. Forty-two (42) bidders have been awarded the sites. Between 250 and 300 mmscfd of currently flared gas will be captured and commercialised, eliminating approximately six (6) million tonnes of carbon dioxide (CO₂) annually.”
Earlier in the week heirs energies signed significant agreements with five offtakers in lagos under the Nigerian gas flare commercialisation programme as parts of ongoing efforts to explore flare gas for socio-economic benefits.
