Investors who get the nod of the federal government to capture and commercialise flared gas in the ongoing Nigerian Gas Flare Commercialisation Programme will be handed over their preferred flare sites by May 2020, a timeline of the programme has disclosed.
Recently, the government disclosed that it would put out a total of 178 gas flaring sites it had so far identified, to be commercially acquired by investors under the programme. This would be through a competitive bidding process which would include the issuance of a permit to access flare gas to successful bidders, as well as rights to permit holders to exclusively off-take such quantities of flare gas at one or more sites, for use in an approved commercial gas project.
“Harnessing gas from the top 50 flare points would reduce volume of flared gas by 80 per cent, given 2015 gas flare locations and volumes as the baseline; over 178 flare points collectively flare about 1 billion standard feet of gas; majority of the gas flaring locations are onshore; at least 80 per cent of gas from the flaring locations can be viably utilized,” said Derefaka.
What! While the flaring continues till 2020? Why do we have to suffer like this, the GENCOs are complaining about shortage of gas for production, the same gas has been faring for years and even more. Ha ha!
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