For Nigeria to eliminate gas flaring, the government must put in
place adequate security measures for assets and personnel. It must also
enforce operational best practices, Senior Business Strategy and
Performance Analyst, Nigeria Liquefied and Natural Gas Limited (NLNG),
Ezekiel Adesina, said in Lagos.
He said there was need for new partnerships in gas flaring reduction
initiatives and commitment by the government to investment, adding that
technology is a vital tool in monetising stranded gas and reducing
flaring.
The country, he said, would require partnership from foreign
investors and also employ public-private partnership (PPP) initiative to
achieve both technical capability and financial support for zero
flaring.
He said in 2000, gas flaring was 38 per cent in terms of volume while
in 2012, it was 11 per cent, which showed that Nigeria has taken off 27
per cent of stranded gas that had been put into utilisation. He said
that within the period, a lot of improvement had been made in reducing
gas flaring in the country.
He noted that if the right regulatory framework and fiscal policies
were put in place, Nigeria would have zero flaring in the next couple of
years. Other factors to be considered, he said, include the issue of
viability and commerciality of the gas as well as unbundling the value
chain in the sector. This, he said, would give room for many players to
come into the sector. It would also help to ensure that the stranded gas
are captured and commercialised.
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