Challenges of curbing gas flaring in Nigeria
The ongoing reforms in the oil and gas industry have afforded the country, for the first time, to focus on gas. Until recently, there was no specific legal or organisational framework for the exploitation and development of natural gas reserves in the country.
Petroleum experts believe that gas is going to be the fuel of the 21st century, and as a result, predicted that it will overtake oil by 2025. This development has forced the Nigerian government to determine to grow the gas sector by pursuing the Petroleum Industry Bill (PIB), recognising the huge financial loss associated with gas flaring and other environmental damages are likely to follow.
The PIB demands comprehensive gas programmes from companies involved in oil and gas production in the country. According to the bill, a licence or lease for the production of oil and gas whether onshore or offshore, shall not be granted to any applicant unless the application is accompanied by a comprehensive programme for the utilisation or reinjection of the country’s natural gas.
Read More: tribune.com.ng