Tag: Nigerian Gas Flare Commercialization Programme (NGFCP)
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Nigeria To Spend $3Bn On Gas Commercialisation Initiative

Nigeria has projected to spend about $3 billion in capital investment to fuel projects under the Nigerian Gas Flare Commercialization Programme (NGFCP) and create about 300,000 jobs across the oil and gas industry from the venture. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe,  gave this hint during his presentation […]

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Latest News Oil & Gas

FG Raises Gas Flare Penalty To $2 Per 1000Scf

The Federal Government has increased the penalty for gas flaring to $2 per 1,000 standard cubic feet of gas, SCF, from N10 per 1,000 SCF earlier imposed as sanction for the offence. In the latest gazetted ‘Flare Gas (Prevention of Waste and Pollution) Regulations 2018,’ released by the Federal Ministry of Petroleum Resources, government stipulated […]