Nigeria Loses N233bn To Gas Flaring   The Nigerian economy lost a whopping N233 billion to gas flaring in 2018. This, represented 3.8 per cent of the total global flare same year, a report by PwC Nigeria, one of the leading professional services companies has revealed. The report...

Group To Sue Oil Firms For Gas Flaring   A group, Network Advancement Programme for Poverty and Disaster Risk Reduction, says it has concluded plans to drag ExxonMobil and Frontiers Oil to court over alleged flaring gas and causing spillage. President of the group, Alhaji Al-Mustapher Edoho,...

FG Targets $3.5bn Investments In Gas Flaring   The Federal Government is targeting to attract $3.5bn worth of investments into the country through the Nigerian Gas Flare Commercialisation Programme and has issued letters of qualification to 205 firms that are interested in the NGFCP. It was gathered...

NSIA Moves To Tackle Gas Flaring To reduce what it described as incredible economic waste, compounded by environmental pollution, the Nigeria Sovereign Investment Authority (NSIA), plans to invest in the biggest gas flare capture in the country. The decision follows Nigeria's high gas flaring rate reputed...

FG Fixes Price For Gas Flaring In NGFCP The federal government has disclosed that third-party investors in its new flare gas programme – the Nigeria Gas Flare Commercialisation Programme (NGFCP) would be given every one thousand standard cubic square feet of gas (scf) at $0.25...

NNPC: Nigeria Lost N234bn To Gas Flaring In 2018 Oil and gas firms operating in the country flared a total of 282.08 billion standard cubic feet of natural gas in 2018, amounting to a potential loss of N234bn. Data obtained by our correspondent from the Nigerian...