Mohammed Shosanya
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday,assured a robust regulatory environment for all players in the gas sector.
He also highlighted the benefits all stakeholders stand to gain through the full implementation of Nigerian Gas Flare Commercialization Programme (NGFCP).
Gbenga Komolafe,the Commission’s Chief Executive, spoke at the Nigerian Gas Flare Commercialization Programme Investors’ Forum which held Wednesday in Abuja with the theme “One Goal – One Team”.
He added:”These projects not only align with international environmental standards by significantly reducing greenhouse gas emissions but also reinforce global commitments to sustainability and climate resilience.
“Socially, they contribute profoundly by creating high-quality local jobs and enhancing community health through the reduction of pollutants emitted by gas flares.
“Economically, these initiatives transform a previously untapped resource into a powerhouse of opportunity, fostering innovation in energy utilization and generating robust revenue streams that bolster the broader economy”.
He recalled that the the Nigerian Gas Flare Commercialisation Programme was launched as a strategic initiative by the Nigerian government with the primary goal of eliminating gas flaring through economically viable solutions, transforming a wasteful environmental challenge into a substantial economic opportunity.
He noted that through the programme, flare gas sites are awarded to competent third-party companies who are to harness this resource for value derivation.
THe reiterated that the Commission is committed to the successful execution of the NGFCP to actualise the attainment of Nigeria’s pledge to end routine gas flaring within this decade and contribute to the reduction of
global emissions.
