Federal Executive Council (Nigeria’s cabinet) has approved the Nigerian Gas Flare Commercialisation Programme. This programme was launched by the Minister of State for Petroleum Resources on December 13, 2016. The Programme will offer flare gas for sale by the Federal Government of Nigeria through a transparent and competitive bidding process. A structure has been devised to provide project bankability for the Flare Gas Buyers.
The purpose of the gas flare commercialisation programme is to reduce the flaring and venting of associated methane gas.
Governed by Federal Executive Council (Nigeria’s cabinet); Minister of State for Petroleum Resources.