Tag Archives: Gas Flaring

NNPC reduces gas flaring by 26 per cent in ten years

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The Nigerian National Petroleum Corporation, NNPC, says it has succeeded in reducing gas flaring in the country by 26 per cent in the last ten years.

The corporation said the reduction, which has pushed Nigeria down from the second highest gas flaring nation to the seventh position, was from 36 per cent in 2006 to 10 per cent in 2016.

Explaining the gas flare reduction trend recently in Abuja, NNPC Chief Operating Officer, COO, Upstream, Bello Rabiu, noted that as at 2006 Nigeria was flaring 2.5 billion standard cubic feet (scf) of gas, while consuming only 300mscf of gas per day.

According to a statement released on Sunday by NNPC spokesperson, Ndu Ughamadu, Mr. Rabiu said the drastic reduction in gas flaring was achieved through aggressive gas commercialisation anchored on the Gas Master Plan. He also noted that as part of efforts to preserve the environment, technology had helped the industry to record a drastic reduction in gas flaring.

“The Gas Master Plan was geared towards addressing four key critical issues of gas availability, infrastructure, commercialisation framework and gas affordability,” Mr. Rabiu said.

He further explained that though the implementation of the plan was driven by NNPC, it was sponsored by all the oil and gas companies operating in the country and that it has helped in addressing some of the issues that were confronting the gas sector.

The COO also stated that in order to ensure gas affordability, the plan stipulates a lower price for gas to the power sector which is the most important segment while other sectors of industries and manufacturing get gas at a commercial rate.

This measure, according to him, was to ensure that gas producers get value for the gas they produce for sale.

On other actions by the federal government to end gas flaring in the country, Mr. Rabiu said government had designed a National Gas Policy which seeks, among other things, to end gas flaring by 2020.

He explained that the National Gas Policy had been circulated to all operators to guide them on the direction of the Federal Government with regard to how it wants the nation’s abundant gas resources deployed.

The statement also quoted Mr. Rabiu as saying that the federal government has provided a guarantee of payment to gas suppliers through the Central Bank of Nigeria, CBN, and the World Bank three weeks ago as part of incentives to get the oil and gas companies to commercialise more of their gas.

“This is a very important step that the NNPC has been working on since 2008”, he said.

 

Source: Premium Times

Nigeria To Sign UN Gas Flaring 2030 Deadline Agreement

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With the support of the National Assembly, Nigeria intends to sign the United Nations Agreement on Zero Routing Gas Flaring by 2030, according to the Vice President, Prof. Yemi Osinbajo.

He was speaking on Monday at the opening of the 6th African Petroleum Congress and Exhibition where he represented President Muhammadu Buhari.

The Vice President, who declared the conference opened, said that ending gas flaring was an imperative for African oil producers considering the amount of waste involved, adding that the Nigerian government had set an earlier national target of 2020 to end gas flaring in the country.

While calling on African countries to take advantage of the gas-to-power potentials, he observed that “there is also the gas-to-power challenge in many member-states and the paradox of much gas but precious little gas to fire power plants.”

“It’s time to take a much further stand on gas flaring, both from environmental and a waste-of-needed-resources perspectives,” the Vice President stated to the gathering composed of oil and energy ministers from several African countries and chieftains in the oil and gas sector.

The Vice President explained that the incremental use of gas in Africa’s energy mix has become an imperative, stressing that “if Africa must meet her future energy needs, the issue of the development of a robust gas infrastructure must be jointly addressed.”

According to him, of the over 150 billion cubic metres of associated gas flared annually in the world, “Africa flares an estimated 40 billion cubic metres, while about half of that is flared by Nigeria.” He further observed that Nigeria has the 7th largest deposit of gas in the world with reserves estimated at over 185 trillion cubic feet (TCF), and also the highest quality.

Credit: ChannelsTv