Dr. Maikanti Baru, the Group Managing Director of the Nigerian National Petroleum Corporation has promised that gas flaring in Nigeria will be brought to an end in a year or two
He revealed this while speaking at the 50th Off-shore Technology Conference (OTC) in Houston. He also noted that the country had already reduced flared gas from 25% to 10%, thereby scaling the state from second to the seventh highest gas emitting country in the world.
According to him, a multi-pronged approach had been adopted by the corporation to ensure the reduction of gas flaring by oil companies in the country. He added that the Corporation’s first step was to ensure that the Field Development Plan was implemented in all new fields, in order to prevent gas flaring from future projects.
Baru also disclosed that the corporation had joined hands with the Ministry of Petroleum Resources to bring about a series of policies such as Flare Gas (Prevention of Waste and Pollution) Regulations 2018, as well as other adjustments to the gas flare penalty through its Gas Flare Commercialization Program.
“These have significantly reduced gas flared to current levels of about 800mmscfd and in the next 1-2 years we would have completely ensured zero routine flares from all the gas producers,” Baru noted.
“Today, we have completed and commissioned almost 600km of new gas pipelines thereby connecting all existing power plants to permanent gas supply pipelines. We are also currently completing the. construction of the strategic 127km Obiafu-Obrikom-Oben gas pipeline –“OB 3” connecting the Eastern supply to the Western demand centers,” he added.
Baru also pointed out that the Nigerian gas market is the most vibrant in Africa with positioning to accommodate investments of up to 25 billion in ten years.
“Nigeria offers unique opportunities for investment in exploration, refining, storage, transportation, power, distribution, and marketing of petroleum products,” Baru observed.