Nige­ria raises hope to end gas flar­ing by 2020

The Guardian (Nigeria) - - ENERGY - By Rose­line Okere

THE Min­is­ter of State for Pe­tro­leum Re­sources, Dr. Ibe Kachikwu, has re­newed the Fed­eral Govern­ment’s com­mit­ment to end gas flar­ing by 2020.

The Min­is­ter, who gave this as­sur­ance in the monthly bul­letin of Or­gan­i­sa­tion of the Pe­tro­leum Ex­port­ing Coun­tries (OPEC), said Nige­ria’s de­sire is to end gas flar­ing 10 years ahead of the 2030 United Na­tions dead­line on flare out. Ac­cord­ing to him, Nige­ria is about 70 per cent com­pli­ant on gas flare exit, and hopes to take away the other 30 per cent within the 2020 dead­line.

Speak­ing on the gas pol­icy, he said: “we are go­ing to try and change our dy­nam­ics from be­ing an oil pro­duc­ing coun­try to be­ing a gas pro­duc­ing coun­try, be­cause that is re­ally what we are. Now we need to move from poli­cies to di­rec­tives.”

He re­it­er­ated that it was vi­tal that “we get peo­ple back; we will de­fine what the oil pol­icy is, de­fine what gas pol­icy is, and peo­ple can have some pre­dictabil­ity in terms of the busi­ness they are do­ing, and you be­gin to see a lot of them come back.”

The Min­is­ter also iden­ti­fied the down­stream as an area re­quir­ing ur­gent at­ten­tion, in which a di­rec­tive had been is up and run­ning by 2019.

He said many teams have been set up to deal with the is­sues, and there is a lot of fi­nanc­ing in­ter­est, adding that “in­fra­struc­ture is a ma­jor gap in the oil in­dus­try in Nige­ria, so we need to think out­side of the box.”

Re­gard­ing the up­stream, Kachikwu said there are about three to four big projects where the fi­nal in­vest­ment de­ci­sions (FIDS) have been taken with­out giv­ing fur­ther de­tails, adding that it was just a mat­ter of find­ing the fund­ing and get­ting go­ing.

He said that from the per­spec­tive of the Nige­rian pe­tro­leum pol­icy, which is all em­brac­ing, “we showed the struc­tures of the in­dus­try, we have shown the busi­ness mod­els we are go­ing to em­brace to deal with en­vi­ron­men­tal is­sues, that has been passed as far as up to the Coun­cil.”

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