Nigerian National Petroleum Corporation (NNPC) Says Gas Flare Down by 15 Percent
The Nigerian National Petroleum Corporation (NNPC) has stated that gas flare in oil and gas fields in the country had been reduced by 15 per cent, while it had also exceeded its target for gas-to-power aspirations.
Group Managing Director of the NNPC, Mr. Andrew Yakubu told participants at the recent 42nd Annual General Meeting, Conference and Exhibition of the Nigerian Society of Chemical Engineers, that the Corporation was also taking steps to grow the nation’s crude oil reserves to 40 billion barrels and daily production to 4 million barrels per day by 2020. He said the strategic focus of the NNPC was to ensure that between 70 to 80 percent of gas produced in the country was channeled to power generation to achieve the robust ambition of stabilising electricity supply to Nigerians and industries operating in the country.
“One of the strategic focus we had when we came on board was to ensure that gas availability to power was met and I am glad to tell you that as at today, we are in surplus of gas availability to power in line with the Federal Government’s power initiative,” he said.
He told the participants that a lot of investments had been put in place to ensure gas flare down, adding that as at today gas flare down has reduced to about 15 percent. He stated that export initiatives on gas have been stepped up and plans were under way to achieve zero flare down in the country.
Yakubu stated that in the gas value chain, going forward, NNPC would consolidate on gas to power and industry to boost economic activities in the country.