Nigeria's Gas Flare Rate Drops Below 10%, NUPRC Reports
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported that Nigeria's gas flare rate has fallen below 10%. Temisan Omatseye, the CEO of NUPRC, made this announcement during the Nigerian pavilion at an offshore technology conference in the USA.
The country has set a target to completely eradicate gas flaring by 2030 and aims for net-zero emissions by 2060. Omatseye emphasized that the approach to gas flaring should not only involve penalties but also the commercialization of flared gas, with plans to convert waste gas into usable energy.
She revealed expectations of generating three gigawatts of electricity from this initiative. Omatseye expressed optimism about Nigeria's decarbonization goals and highlighted the importance of integrating cleaner technologies rather than abandoning hydrocarbons entirely.
She also mentioned the strong interest in Nigeria's 2025 bid round, which offers 50 assets, with nearly 300 applications received for participation.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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