Tag: gas flaring

  • NLNG has reduced gas flaring to 20 per cent, says MD

    NLNG has reduced gas flaring to 20 per cent, says MD

    •Firm invests $12m in six universities

    The Nigeria Liquefied Natural Gas (NLNG), at the weekend, said it has reduced gas flaring from 65 per cent to 20 per cent.

    NLNG added that Nigeria is no longer in the league of top five gas flaring countries in the world.

    Its Managing Director Babs Omotowa spoke in Ilorin, the Kwara State capital, at the inauguration of the NLNG/University of Ilorin Engineering Research Centre.

    Omotowa said through the company’s university support programme, NLNG invested $12 million in six universities in the country.

    Said he:  “One of the reasons why NLNG was established was to reduce gas flaring in the country. When we started, Nigeria was flaring about 65 per cent of its gas. We were the second highest gas flaring nation in the world. Through the construction of the six trains we have in NLNG, we have helped to bring that down to about 20 per cent and today we are no longer the top five gas flaring countries in the world. So we are proud that we have contributed to the environmental improvement in the country and the health implications of that.

    “In addition, we provide a significant source of revenue for the nation and are also today supplying a vast majority of the cooking gas used in many homes in Nigeria today.”

    He listed the benefiting universities under the support programme as Ahmadu Bello University (ABU), Zaria, University of Ilorin (UNILORIN), University of Nigeria, Nsukka (UNN), University of Ibadan (UI), University of Maiduguri (UNIMAID) and University of Port Harcourt (UNIPORT).

    NLNG boss added the one of the company’s “approaches is to develop Nigerian human capital and foster technological advancement in our great country. We recognize that universities are one of the critical fertile grounds from which ideas to fast-track Nigeria’s progress will spring from.

    “With this programme Nigeria LNG is partnering with six universities in Nigeria to uplift engineering teaching and research in our tertiary institutions. On its part, Nigeria LNG invested two million Dollars each to build and equip world-class engineering facilities in these schools.”

  • Environmentalists fault 2030 deadline on gas flaring

    Environmentalists fault 2030 deadline on gas flaring

    The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has accused the Federal Government of conniving with the World Bank to extend the deadline for gas flaring to 2030.

    Speaking at a news conference yesterday in Lagos, the ERA/FoEN Executive Director, Dr. Godwin Uyi Ojo, said the group rejected the deadline set for termination of gas flaring, stressing that the extant laws had declared the activity illegal.

    Ojo said the President Muhammadu Buhari-led administration has subscribed to “business-as-usual” method in conducting environmental protection. He said the government had not announced its environmental policy to save the nation from the effect of global warming.

    He said: “At the just-concluded 2015 Paris Climate Conference, the World Bank and Nigerian government hatched another crooked plan to end gas flaring by 2030. We consider this as hypocritical, deceptive and undue interference by World Bank on national sovereignty in a country where gas flaring has been declared illegal since 1984. We call on the government to end gas flaring now and not wait till 2030 when it will be too late.”

    The group advised government to diversify the nation’s energy market to renewable sources of energy.

    He said the outcome of the 2015 Paris Climate Conference would do little to reduce the impacts of climate change in Africa. It said the treaty had limited and vague framework to reduce carbon emission, which contributes to the rise in global temperature.

     

  • The cost of gas flaring

    SIR: The continuing flaring of gas reemphasises the aphorism that we are rich in energy resources but poor in energy supply. The Associated Gas Re-Injection Act was made to compel every company producing oil and gas in Nigeria to submit preliminary programmes for gas re-injection and detailed plans for implementation of gas re-injection. It made it illegal after January 1, 1984 to flare gas without the permission of the Minister of Petroleum. The target to stop gas flares have since then moved from 1984 to 2008 and 2011. But gas is still being flared up to date.

    In 2014, Nigeria lost about $1billion as oil companies operating in the country flared a large proportion of the gas produced from January to September 2014. According to data from the NNPC, about 295 billion standard cubic feet (scf) of natural gas was flared in the nine-month period. International oil companies and indigenous players burnt a total of 43.7billion scf in January, 50.1 billion scf in February and 38.3 billion scf in March. In April, 22.3 billion scf of gas was flared; 19.7 billion scf in May and 23 billion scf was wasted in June. In July, 29.1 billion scf was flared; 39.1 billion scf in August; 29.5 billion in September; and 44.37 billion in November.

    According to the NNPC’s Monthly Petroleum Information, in December 2014, Nigeria lost $133.716million, which is about N26.743billion to gas flaring, as oil and gas companies in the country flared 20.11 per cent of their total gas production. Specifically, the oil and gas companies produced 221.634 billion scf of gas, utilised 183.78 billion scf and flared 44.573 billion scf.

    The Nigerian Gas Company (NGC) put the average price of gas at $3 per unit of 1,000 scf, translating, to $133.716 million for 44.573 billion scf flared, and $551.346 million for 183.783 billion scf utilised.

    The 1.2 billion scf flared per day has the potential to generate up to 7000MW of electricity, the aggregate gas flared for 2014; about 376.41billion scf can translate into 21.97GW, in addition to its inputs in agro processing, textile plants, fertiliser plants, and the number of jobs created from the multiplier effect.

    Despite the penalties, oil and gas operators have continued to flare gas and regulators seem to have looked away. While there is need to interrogate the positions of penalty payments considering the joint ventures arrangements, there is also the need to revisit the issues of gas pricing and availability of gas infrastructures; else the question will be the relative cheapness to flare gas than monetise gas.

    This is urging the new administration of President Muhammadu Buhari and the new NNPC management, to constitute a committee to revisit the issue of gas flaring in Nigeria. The payment of gas flaring penalties especially in the scheme of joint ventures with the Nigerian government should be top in their priority. Efforts should be made to harmonise and reconcile domestic gas pricing across markets in Nigeria while seeking ways to attract and sustain foreign investments and funding for gas infrastructures especially for the improvement of gas to power in Nigeria.

    • Ofoegbu Donald Ikenna

    Centre for Social Justice, Abuja.

     

  • Nigeria loses over N225b to gas flaring

    Nigeria loses over N225b to gas flaring

    • $25b needed to implement gas master plan

    • Buhari urged to represent PIB to NASS

    Nigeria may have lost over N225 billion ($1b) to gas flaring last year alone, it was learnt yesterday.

    About 295 billion standard cubic feet of natural gas was flared in nine months.

    The Lead Director, Centre for Social Justice (CSJ), Eze Onyekepere, said the volume of  flared gas in the country could fuel about 7000 mega watts of efficient thermal electricity plant.

    Onyekepere, who spoke in Abuja at a press briefing on issues relating to the  implementing of the Nigerian Gas Master Plan (NGMP), said  that Nigeria is rich in energy resources, yet poor in power supply.

    He said in 2014, Nigeria lost about $1 billion (about N225billion), as oil companies operating in the country flared a large proportion of the gas produced from January to September of that year..

    “Nigeria flares about 1.2 billion cubic feet (bcf/d) of gas per day, which could fuel about 7000megawatts  of efficient thermal electricity power, over 1,400 agro-processing facilities, 350 textile plants, 70 fertilizer plants with opportunities for creating over one million jobs,” he said.

    Onyekepere said going by the Nigerian National Petroleum Corporation (NNPC), data, “about 295 billion standard cubic feet of natural gas was flared in the nine-month period.”

    He said the failure of the 7th National Assembly to pass the Petroleum Industry Bill (PIB) has robbed the nation of  huge sums of revenue, stating that the country seems to lack a comprehensive implementable energy policy.

    CSJ said President Muhammadu Buhari should revisit the PIB and represent it to the National Assembly for quick action.

    The body urged that the PIB be split into four parts because of the bulky nature of the bill, with the part dealing with gas isolated and immediately passed into law.

    Onyekepere also said Nigerians should be encourage to participate in funding of the gas master plan which is estimated to consume about $25 billion.

    While noting that the country’s inability to end gas flaring in the past was due to lack of political will, the CSJ Lead Director said the government, with the industry stakeholders should fix a definite time frame to end fassociated gas laring and fully implement the gas re-injection Act, with the new rules carrying stiff sanctions for defaulters.

  • Niger Delta…Still at the mercy of oil spills, gas flaring, poverty

    Niger Delta…Still at the mercy of oil spills, gas flaring, poverty

    As a Niger Delta youth leader, Mujahhid Dokubo-Asari knows the region in and out. His verdict is that in the last six years, the Federal Government, led by President Goodluck Jonathan, took the region for granted. Its challenges, such as oil spills, gas flaring, coastal erosion and poverty, remain largely unaddressed as a new government takes charge at the centre, writes Mike Odiegwu

    President Goodluck Jonathan’s defeat at the March 28 presidential poll sent shock waves across the Niger Delta. The President’s kinsmen never imagined that their benefactor could be sent packing from the Aso Rock Villa. Though, they simply acknowledged that it was going to be the tightest presidential race in the history of the country,  defeat to them, was not an option.

    When asked by some journalists, what they would do if Jonathan eventually lost the race, a kinsman of theCover pic 2 President who came to cast his vote in Otuoke, Jonathan’s home town, said: “Our brother will not lose.” couldthe unnamed kinsman of the President be speaking the minds of other youths in the region? Without mincing words, there has been grave silence punctured intermittently by threats of militancy in the region since Buhari was officially declared the winner

    Asenior government official confided in the Niger Delta Report that President Goodluck Jonathan saved a violent response that would have followed Buhari’s declaration.

    “The boys were already in the creeks. They were prepared to start blowing major oil facilities in the creeks when Jonathan immediately conceded defeat even before all the results were announced. That singular act of the President weakened the boys”, the official who pleaded anonymity said.

    Events before the election

    In fact, the Niger Delta region was gripped in prolonged pre-election agitations. Different groups rose to endorse their kinsman and to list myriads of reasons why President Jonathan must be reelected. Aside predicating their reasons on performance index of Jonathan’s Presidency, they also vehemently argued that it was their birthright to have a second term in office to guarantee balance of power.

    No group, however, rattled Nigeria more than the assemblage of ex-militants and their leaders who converged under the roof of Bayelsa State Government House to threaten the collective existence of the country.

    Apparently worried by the tide of public opinion against Jonathan and the north’s reaction against his ambition, Governor Seriake Dickson and the Presidential Adviser on Niger Delta Affairs, Mr. Kingsley Kuku, met with key ex-militant leaders and hundreds of their foot soldiers at the Banquet Hall.

    The gathering was reinforced by the attendance of ex-militant leaders, vitriolic agitators and notable youth leaders, such as Alhaji Mujahid Asari Dokubo, Chief Government Ekpemopulo (a.k.a Tompolo), Ebikabowei Victor Ben (a.k.a. Boyloaf) and Ijaw Youth Council President, Udengs Eradiri.

    Also in attendance were Pastor Reuben, Ogunboss, General Africa, General Joshua, Shoot-at-Sight, General Ezekiel and many others. Their emotions boiled over. Dokubo turned the gathering to a war front. In what seemed like a last minute efforts to rescue the President, their kinsman, Dokubo referred to the Presidential election as a war and asked the ex-militants to get ready.

    Declaring that nobody would intimidate the Ijaw nation, Dokubo beat the war drum and said the President must win the election. “We are going to war and everyone of you must go and purify yourself. President Jonathan will win. Whatever anger they have, this anger must be kept aside”, he thundered.

    Also, Boyloaf said the only thing that binds Nigeria together is oil adding that if President Jonathan fails to return, the Niger Delta region will take its oil back. “They want to use insecurity to push out our own. I am retired but not tired. I can go back to the creeks. Whether they like it or not we will win.

    “We own the oil. We own the resources, but they say we don’t have the right to rule. They want to take the seat but we must collect our oil if they take the power back from us”, he vibrated.

    Outrage, indeed, was the word used to describe the gathering and warmongering of the ex-militants by many critics. People came down hard on them and reminded them that though oil, the mainstay of the Nigerian economy, is from their area, the country is still bigger than any ethnic group.

    Following the bashing and tongue-lashing, the ex-militants backed down on their war threat, clarified the reasons for their meeting and then called for peace. Even Dickson and Kuku sweated many times to convince Nigerians that the meeting was in order and was not meant to cause crisis in Nigeria.

    After Buhari’s victory

    There have been discordant tunes among the youths and ex-militants since Buhari emerged as the President-elect. Many critical stakeholders and ex-militant leaders have taken the new Nigerian order in good faith. Some, however, have resorted to fire and brimstone.

    Among the critical stakeholders that have congratulated Buhari are the Ijaw National Leader, E.K Clark, Tompolo, the Ijaw National Congress (INC) and at some point the President of the Ijaw Youth Council (IYC), Mr. Udens Eradiri.

    But Dokubo has remained adamant. He reinstated his threat insisting that the emergence of Buhari has re-energised the agitation for militants to return to the creeks.

    “The days coming will be critical. We shall study all the conditions and consult widely before determining the way going forward for our collective existence and survival as a people. The days coming will either drive the quest of integration or further separate us.

    “The celebrated victory of Buhari is not the victory of the people but victory of regional conspiracy and supremacy. The voting pattern has clearly shown that the Gambari North and the Yorubas are united in the conquest of the Niger Deltans and the Igbos of defunct Biafra with the middle belt now used as pawns”, he said.

    Many people dismissed the outburst of Dokubo. They argued that the controversial agitator is more of a businessman than a selfless activist. They concluded that Dokubo may simply at every point in time be seeking his advantage instead of the collective interests of the Ijaw and the Niger Delta region. According to them there is no investment that can be traced to Dokubo in the region. Most of his assets and developmental projects are sited in Benin Republic.

    Ijaw youths to decide on Buhari  

    Ijaw youths across the country have scheduled a crucial meeting to review the defeat of Jonathan and the victory of Buhari. The meeting will have all the Ijaw youth leaders, past leaders of the Ijaw Youth Council (IYC) Worldwide and other members of the IYC in attendance.

    The youths are rattled by the victory of Buhari at the poll which according to them had taken political power away from them. The IYC Spokesman, Mr. Eric Omare, said the decision to convene the National Congress of IYC on Buhari was taken at a meeting of the national executive council and consultative meeting of the group in Yenagoa, Bayelsa State.

    He said the congress will assemble at Tuomo community in Burutu Local Government Area, Delta State, on April 5 to take a collective position on Buhari’s victory and determine the next direction of their struggle for self determination.

    Besides self determination, he said the youths will decide on renewing agitation for resource control as enshrined in their historic Kaiama Declaration.

    “We call on all Ijaw Youths to be alert and ready to heed the call to the service of the Ijaw nation at this crucial time of our history and struggle for survival in the Nigerian state in the face of the grand conspiracy between the north and a section of the south west to continue to suppress and exploit the resource of the Ijaw nation,” he said.

    He said the youths recalled that when their kinsman, Jonathan, won an internationally-acclaimed free, fair and credible election in 2011, Buhari and his people never congratulated or supported him.

    He said: “Instead they killed hundreds of innocent Nigerians and fought President Jonathan from the day he became the Acting President of Nigeria in 2010 until the north conspired with a section of the south west to take over the Presidency from President Jonathan and the minorities of the south-south in an election fraught with irregularities.

    “It is also significant to note that none of the northern socio-cultural groups such as the Arewa Consultative Forum (ACF) and others congratulated or supported the administration of President Jonathan.

    “Northerners created Boko Haram and blame it on President Jonathan deliberately to incite the northern populace against President Jonathan and make him unpopular in the 2015 election so as to take back power in a grand conspiracy with a section of the south west.

    “Therefore, the April 5, 2015 meeting of all Ijaw youths would determine the position of the Ijaw Youths on the 2015 Presidential election and our next line of action.”

    Militant group issues threats to Shell

    Militant group finds voice, threatens Shell

    Suspiciously, a militant group operating in Bayelsa State resurrected few days after Jonathan lost at the poll. The group notoriously known in 2005 as, Iduwini Volunteer Force (IVF) gave the Shell Petroleum Development Company (SPDC) 14 days to vacate communities in Ekeremor Local Government Area of the state.

    The militant group came into the limelight in 2005. Members of the group abducted six oil workers including two Germans working for the SPDC in the community. The development led to the intervention of the then Governor of Bayelsa state, Goodluck Jonathan, and subsequent signing of a surveillance contract in 2007 to calm frayed nerves.

    But the group claimed that as part of the contractual terms, SPDC was expected to pay N8million yearly to its members in exchange of pipeline security. In a letter it addressed to President Goodluck Jonathan and signed by one Commander Johnson Biboye, IVF said Shell only observed its contractual obligations in 2007.

    It said: “It was then resolved that for the peace, security and safety of oil companies activities within the Iduwini area of SPDC operations, a running surveillance contract amounting to N8, 002, 350. 00 (Eight million, two thousand, three hundred and fifty naira) per year be awarded to the leadership of the Iduwini Volunteer Force and it was awarded.

    “The surveillance contract which started in 2007 and was dutifully carried out by the leadership of the Iduwini Volunteer Force and payment for 2007 made.

    “In 2008 without any known breach of contract, SPDC, unilaterally stopped the contract till date, although our boys are still rendering the services of securing oil facilities in the aforementioned areas as contained in the contract paper.”

    It gave the oil giant a 14-day ultimatum to vacate Ijaw communities in Ekeremor Local Government Area or face unrest. Why now? Niger Delta Report gathered that the militants only respected the Presidency of Jonathan and decided not to begin fresh unrest in the home state of the President during his government. Having, however, seen that Jonathan had lost out, the militants resumed their agitation.

    But the group said: “We make this demand in good faith not minding the political situation in the country so that those who do not have the history of our struggle in the Iduwini area will not be quick to add that Ijaw people have started making trouble now that President Jonathan has purportedly lost election.

    “Our struggle predates President Jonathan’s presidency and the struggle to get our rights and privileges restored has been on and known to notable government agencies like the Federal Ministry of Petroleum Resources and notable Nigerians who have intervened to no avail.

    “We have, therefore, directed all units commanders and commanders alike to be on red alert that at the end of the 14 days, should SPDC and its cohorts refuse to see reasons, we will have no choice but to commence immediate attacks and processes of restoring our full rights and privileges as contained in the surveillance contract documents”.

     

  • Implement sanctions on gas flaring, Fed Govt urged

    THE Federal Government should enforce stringent penalties against gas flaring, the Managing Director of Strides Energy and Maritime Limited,Mr. Moritz Abazie, has said.

    Abazie, who spoke to reporters in Lagos, said sanctions are not harsh that is why oil firms flare gas. He said the firms hadnot fully complied with the flares-down directive, thereby making  it difficult to contain the menace.

    He, however, noted that appreciable success had been recorded in the drive to put flaring out, insisting that penalty for defaulters should be made more stringent. “It is natural to toe the line of little resistance when you start a business. But, having done that, the consequences of gas flaring have been felt; it is obvious and everybody can see it. Government has come up to say that gas flaring has to be stopped and has set a timeline,” he said.

    Abazie explained that it requires huge capital investments to set up the infrastructure required in harnessing gas. He said though some firms have been complying with the rules, the ultimate target is zero-flaring.

    The regulatory and monitoring agencies, he said, needed to up their game,  adding that if the Department of Petroleum Resources (DPR) and the environmental agencies improve their efficiency, flaring would stop.

    On the Nigerian Content Act, Abazie observed that it has opened the floor for indigenous firms to prove to the world that they are capable of competing in the international oil and gas scene.

    Abazie said Nigerian companies that have capacity to carry out contracts efficiently were marginalised before the Nigerian content policy came on board. He said the level of implementation of the Nigerian Content Act has been quite impressive but maintained it is still work in progress. The compliance level by the International Oil Companies (IOCs) has been satisfactory, he added.

    He said: “The Nigerian Content Act has been quite effective. It has been very useful; you cannot compare the situation now for local players with what it was before this policy came on stream. The implementation has been quite good; it could be better, though. The point remains that the policy, the law, is well cut out because it was long overdue. But the good news is that it has come to stay and the IOCs are implementing it.”

    He said earlier, dredging services,which is one of our areas of core competencies, was worst hit because Nigerian companies were not given a chance, it is something that we could do. We have firms, such as former Wilbros, Westminster Dredging, Dredging International and others in the sector. These are multinational companies and they made it look , like an aenormous task that no Nigerian company could handle. But, with the Nigerian Content Act, the IOCs have been compelled to give Nigerian companies a chance.

    “We have been given a chance and we are doing it, and very well too. Oil is being produced with us providing the access in the same area they used to. Also, in pipeline construction both onshore and off-shore, mechanical installation, construction, fabrication and inauguration, Nigerian companies have shownto a great extentthat they can do these things if given the opportunity.”

  • Five dead in Ijaw community as group seeks relocation of flared gas

    The inhabitants of Gelegele, in Ovia North East local Government Area of Edo State, a riverine oil and gas community have cried out to the federal government to urgently come to their aid by relocating the gas flaring coming from the operation of Dubril Oil from the community, just as they called for the commencement of work on the Gelegele Seaport.

    They claimed that five lives of their kinsmen have been lost and many others suffering different ailment owing to the environmental hazards they are exposed daily in the community.

    It would be recalled that in spite of federal government assurance that gas flaring by multinational-national Oil and Gas Companies operating in the Niger Delta region will end by 31st December, 2013, the situation still persisted in the Edo Oil and Gas Community of Gelegele.

    However, in a swift reaction, an official of the Company who do not want his name in print when contacted on telephone absolved the company of the allegations raised.

    He said “We don’t have any problem with Gelegele community; I just left the community myself. What they are talking about don’t have anything to do with us

    Speaking on behalf of the Community, Comrade Joseph Gbale, at a briefing under the umbrella of Ijaw Youth of Edo State, (IYES), also seek the appointment of an Ijaw person on the board of Edo State Oil and Gas Producing Area Development Commission, (EDSOGPADEC) and lamented that “we have not produce any member since inception of the commission as our community remain the reason why Ovia North East is considered an Oil Producing local government area.

    Gbale stated “the state and federal government should as a matter of urgent national importance prevail on Dubril Oil to relocate the flaring of gas from the heart of Gelegele community as several lives have been lost. These are names of those that died Mr Ibote Ossia, Mr Aladin Iyefabiri, Mr Anthony Adeyemi, Mr Roland Ofunama and Aboy Donyegha.

    “The federal government should immediately commence work on the Gelegele Seaport as this will bring development and business opportunity to Edo people as well as job creation to our teeming unemployed youths.

    They further added “ we want to use this medium to assure Mr President who is our father and the father of the Ijaw Nation of our continuing support and to prevail on him to support the Governor of Edo State and commitment in addressing the Ijaw people problems in the state.

  • We’ve reduce gas flaring to 10% – NNPC

    The Group Managing Director of the Nigerian National Petroleum Corporation, Engr. Andrew Yakubu, said in Kaduna Thursday that the company is poised to eradicate gas flaring in the country.

    In a message to the 2014 World Environment Day at the Kaduna Refining and Petro-Chemical Company, Yakubu said that NNPC and its subsidiary company had reduced gas flaring from 30 percent to 10 percent in the last three years.

    Represented by the Executive Director, Services of the Kaduna Refinery and Petro-chemical Company, Mallam Idi Mukthar, the NNPC chief said that as a responsible corporate citizen, the organization has deployed strategies to ensure that its operations are environmentally friendly.

    Such strategies, according to him, include the continuous upgrade and improvement of its production facilities to state of the art technology with smart health, safety and environment component and the discontinuation of harmful and unsafe chemicals in its operations and disposal of same.

    Such measures, Yakubu added further include renewable energy development in line with Kyoto protocol as well as pollution control and swift remediation of impacted site whenever they occur.

     

  • Alison-Madueke: no going back on zero gas flaring

    The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has restated the Federal Government’s commitment to end gas flaring.

    Delivering a paper entitled: The future of African energy in a changing world, at St Anthony’s College, University Oxford, United Kingdom, she said the government has begun the implementation of mitigation strategies that will over time compensate for years of carbon emissions arising from gas flaring and environmental pollution.

    Nigeria, she said, aspires to achieve carbon neutrality by 2025.

    She said the government’s aspiration was being realised with gas flares now at a significantly reduced level relative to previous levels. She said as at 2010, flared gas was 30 per cent, but now it is down to 11 per cent and would be down to two per cent by 2020 and beyond.

    Mrs Alison-Madueke highlighted the rising profile of African energy in the global energy matrix, citing the numerous offshore and onshore oil and gas discoveries across the continent, which she noted, has placed Africa on the front burner of the global energy industry.

    She advised that the continent should rise up to the challenge of the potent threat posed to Africa’s oil producing countries by the embrace of shale oil and gas by the United States and China.

    The minister appealed to the global community and the developed economies to invest in the development of the growing African energy economy so as to ensure a win-win scenario for the continent and the rest of the globe.

    She argued that while it may make economic and geo-strategic sense for a nation to meet its energy needs from domestic sources instead of imports, it may not make so much sense from the perspective of the broad-based global development necessary to ensure the global stability.

  • FG to reduce gas flaring to two per cent

    The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, on Tuesday said government would reduce gas flaring from 11 per cent to two per cent in 2014.

    The News Agency of Nigeria reports that the minister said this at the ongoing 13th Nigerian Oil and Gas Conference in Abuja.

    She said that currently, the ministry had reduced gas flaring to less than 11 per cent as against 30 per cent in 2010 which she said was still not adequate.

    “This year conference gives us great opportunity to discuss and address the oil and gas business, challenges and government’s plan to the sector in the next five years.

    “The ministry of petroleum had played a critical role in transforming the oil and gas sector which has been the primary objective of the ministry.

    “The oil and gas sector had witnessed tremendous renewal performance level in the last three years ago under the leadership of President Good luck Jonathan, which has placed the industry in better development, “the minister stated at the conference.

    Alison-Madueke said that in the upstream sector, the ministry had continued over the last 12 months to maintain its production of 2.4 million barrel per day.

    She said that gas production in the country had also increased from 6.3 billon Standard Cubic Feet per day (SCF) to 7.8 billion SCF per day in 2012.