Nigeria’s upstream petroleum regulator told investors at COP31 in Antalya, Turkey, that capturing the gas burnt off at the country’s oil fields could unlock about $2.2 billion in investment.
The chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, said flare sites under the Nigerian Gas Flare Commercialisation Programme could support projects using up to about 250 million standard cubic feet of gas per day.
Ms Eyesan spoke on Wednesday at a side event hosted by the commission at the Nigerian pavilion, where the Nigerian Oil and Gas Industry Emission Tracker (NOGIET), a satellite-linked portal that lets users check what oil and gas companies report about their emissions, was also launched.
“Countries are now being judged not by the targets they announce, but by the projects they deliver, the emissions they reduce and the capital they mobilise,” she said.
The gas flare programme seeks to end routine
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