- The Nigerian Department of Petroleum Resources (DPR) announced in February 2020 the launch of the first phase of the Nigerian Gas Flare Commercialization Programme (NGFCP), having shortlisted 200 bidding companies following the evaluation of statements of qualification.
- Christopher Sheldon, Practice Manager in the Energy and Extractives Global Practice, World Bank, said: “Our data suggest that gas flaring continues to be a persistent problem, with solutions remaining difficult or uneconomic in certain countries,” while he worries the COVID-19 pandemic could deepen the crisis due to “sustainability and climate concerns [could be] potentially sidelined.”
- Alongside numerous initiatives in the energy sector in 2020 including an important marginal fields licensing round, Nigeria's gas flaring plans are set to harness the nation's formidable natural resource potential to enhance economic competitiveness and drive growth.
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